Launching today

Loan Interest and Repayment Calculator

Launching today

Shows relationship between principal and interest

2 followers

Shows relationship between principal and interest

2 followers

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Free loan calculator showing interest vs principal repayments. See your full amortisation schedule, total interest paid, and explore what-if scenarios with extra repayments.Built to show non finance literate people how the relationship works over time with repayments, how you can change your loan life by adding repayments.

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Free

Launch tags:Payments•Personal Finance•Banking

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Maker

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I was building a simple PMT function in excel to show someone how to work out interest over time, when I realised it wasn't that simple if you were not from a finance background. Instead of trying to explain the different elements of an excel function and then how to use this to calculate interest and principal, I thought I'd build a straight forward app that would require minimal technical background or skill to input loan details, put also show your monthly repayment over time both graphically, and in a table where you could see the changes over time. Adding in a what-if scenario made sense as things change over time. Interested to know if you find this helpful.

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1d ago

honestly this looks really useful for people who get confused by loan math. one thing that would help a lot is letting users save or share their scenarios with a simple link, so you can show your partner or compare two loan options side by side without retyping all the numbers.

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4h ago

Maker

@nilferkofag6jt Thanks for the feedback, really appreciated, will see what is involved here. Once you start saving data linked to a user privacy issues start creeping in!

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4h ago