🏦 Loan Calculator
Calculate monthly payment for personal or home loan
Loan Details
Important Information
Difference Between Conventional and Islamic Financing:
- Conventional: Reducing balance - interest decreases as principal is paid
- Islamic (Murabaha): Fixed profit - profit calculated on full amount for full term
Tips:
- Compare offers from multiple banks
- Check for administrative fees and insurance
- Early payment can save significant interest
📖 About Loan Calculator
The Loan Calculator is a comprehensive free tool for calculating personal, mortgage, and auto loan payments, with detailed payment schedule display.
✨ Features:
- Comprehensive: Personal, mortgage, and auto loans
- Accurate: Precise interest and monthly payment calculations
- Payment Schedule: Detailed monthly payment breakdown
- Comparisons: Compare different financing options
- Free: Unlimited use