Iemas Personal Loan Calculator
This calculator helps you estimate the details of a personal loan. Input your loan amount, down payment, loan term, interest rate, and balloon payment (if applicable), and it will compute various financial aspects of your loan.
Iemas Personal Loan Calculator
| Monthly Payment | Loan Amount | Total Interest | Total Cost of Loan | Final Payment |
|---|---|---|---|---|
How to Use Iemas Personal Loan Calculator
- Loan Amount: Enter the amount you wish to borrow.
- Down Payment: If you have any initial payment, enter it here.
- Loan Term (in months): Select the duration of your loan.
- Interest Rate (%): Input the interest rate for your loan.
- Balloon Payment: If there’s a lump sum payment at the end of the loan term, specify it here.
- Click the Calculate button.
Example:
Let’s consider a scenario:
- Loan Amount: $25,000
- Down Payment: $5,000
- Loan Term: 36 months
- Interest Rate: 5%
- Balloon Payment: $0
Click the Calculate button to see the results.
Results:
- Monthly Payment: [Monthly Payment Amount]
- Loan Amount: [Total Loan Amount]
- Total Interest: [Total Interest Paid]
- Total Cost of Loan: [Total Loan Cost]
- Final Payment: [Final Payment Amount]
A doughnut chart below the results illustrates the breakdown of your loan amount, total interest paid, and the total cost of the loan.
Feel free to adjust the input values and recalculate as needed.