Credit calculator
Tool aim
The credit calculator allows to create a credit repayment schedule. The tool is dedicated to people who want to know the amount of principal repayment paid in different periods of time.
The credit calculator calculates the amount of individual principal repayments with given credit rate, credit period and type of instalment.
When calculating the principal repayment values, it is possible to take into account the free period of the repayment, the provision and the date of taking out the credit.
How it works
The credit calculator is designed to calculate credit instalments based on the specified terms. It provides information about the monthly payment, including both capital and interest, and displays the outstanding capital balance. This allows the borrower to track the amount of capital and interest that has been repaid.
Below is an explanation of the individual fields of the calculator.
- Credit amount – enter the amount of the planned or approved credit.
- Credit rate – enter the annual interest rate.
- Repayment period in months – enter the number of months over which the credit is planned to be repaid.
- Instalment type – select the preferred type of instalments: decreasing or equal.
- Additional options – allow you to enter information about the free period in months, provision (%), and the date on which the credit is taken, selected from the calendar.
After clicking the Calculate button, the system will display a graphical overview of the credit based on the specified parameters, showing the credit amount, total interest, commission fee, and total repayment amount.
The system will display the credit repayment schedule in a table and allow users to download it in PDF format.