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In this blog, Bizfiling India brings to you two (2) kinds of powerful online loan calculators at one place. The following online loan calculators are most prevalent in India and abroad:
1. Simple Loan Calculator
2. Loan Calculator (Reducing Balance)
Let's get more details of these free online loan calculators and then use them according to need.
The first kind of free online loan calculator is: Simple Loan Calculator. The Simple Loan Calculator when used, displays monthly EMI and the total interest payable until your loan is repaid.
The second kind of free online loan calculator is the Loan Calculator on Reducing Balance basis. This free online loan calculation tool calculates your loan obligations on reducing balance basis.
In this Online Loan Calculator, users can input the loan amount, interest rate, and repayment years. When the form is submitted, this loan calculation tool not only calculates and displays the monthly payment, total payment, total interest but also this free online loan calculator shows you a payment schedule table showing the breakdown of each payment. A MUST TRY.
Each type of free online loan calculator has two (2) versions. One for India and another version for USA, Canada and Singapore.
And the beauty of all these calculators is two fold:
(i) You needn't go to different websites for different online loan calculators
(ii) All Online Loan Calculator tools on this blog are free to use.
To use any of the above mentioned Online Free Loan Calculators, click the following links as per need.
SIMPLE LOAN CALCULATOR (India)
LOAN CALCULATOR (Reducing Balance) for India
SIMPLE LOAN CALCULATOR (For USA, Canada, Singapore)
LOAN CALCULATOR (Reducing Balance) for USA, Canada, Singapore
Hope you enjoy using these free online Loan Calculators. Take care.
Your likes and comments are welcome.
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