Loan Calculator

The loans calculator is a simple installment calculator which identifies the monthly installment amount payable on a loan based on the loan amount, tenure in years and interest percentage.

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Portal Page > Tools & Calculator > Loans

Field Description

Field Name	Description
Amount	The amount that the customer wants to borrow from the bank.
For (Period) Years	Desired tenure of the loan in terms of years.
@ Interest	Interest rate that bank will charge on the applied loan.
Installment Amount	The monthly installment payable on the loan calculated on the basis of the loan amount, tenure and interest rate specified by the user.

In the Amount field, enter the loan amount.
In the For Years field, enter the loan tenure in years.
In the @Interest field, enter the interest rate.
Click Calculate.
The application calculates and displays the monthly installment of the loan.

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