Loan Calculator
๐ FLAT INTEREST LOAN CALCULATOR
๐ฑ Currency
๐บ๐ธ USD – US Dollar ๐ Auto-detected from your location๐ฐ Loan Amount
$
๐ Interest Rate
โฑ๏ธ Loan Term (months)
๐ก Use the converter below to convert years to months
Flat interest: Interest calculated on original principal for entire loan term
๐ STANDARD AMORTIZED LOAN CALCULATOR (Diminishing Balance)
๐ฑ Currency
๐บ๐ธ USD – US Dollar ๐ Auto-detected from your location๐ฐ Loan Amount
$
๐ Interest Rate
โฑ๏ธ Loan Term (months)
๐ก Use the converter below to convert years to months
Amortized loan: Each payment reduces principal. Interest calculated on remaining balance.
๐ฐ LOAN AFFORDABILITY CALCULATOR (How much can you borrow?)
๐ฑ Currency
๐บ๐ธ USD – US Dollar ๐ Auto-detected from your location๐ฐ Monthly Income
$
Your gross monthly income before taxes
๐ Monthly Expenses (Existing Debts)
$
Existing monthly payments (rent, car loan, credit cards, etc.)
๐ Your Current DTI Ratio
0%Debt-to-Income = (Monthly Expenses รท Monthly Income) ร 100
๐ฆ Lender’s DTI Limit
35%
Conservative (10%)
Standard (35%)
Aggressive (50%)
๐ก Most lenders use 35-40% of gross income for total loan payments
๐ Interest Rate
โฑ๏ธ Loan Term (months)
๐ก Use the converter to convert years to months
Based on debt-to-income ratio. Always consult with a financial advisor.