🏦 Loan Calculator

Equal Installments: Monthly payment amount remains the same, with principal increasing monthly and interest decreasing monthly. Suitable for borrowers with stable income.

Equal Principal: Monthly principal payment remains the same, interest decreases monthly, and total monthly payment decreases gradually. Higher repayment pressure in the early stages but lower total interest.

Calculation Formulas:

• Equal Installments Monthly Payment = Loan Principal × Monthly Rate × (1+Monthly Rate)^Repayment Months ÷ [(1+Monthly Rate)^Repayment Months-1]
• Equal Principal Monthly Payment = (Loan Principal ÷ Repayment Months) + (Principal - Cumulative Principal Repaid) × Monthly Rate