You can work out and compare the monthly payment on your loan over different terms of repayment. Besides, you can also calculate the total interest and monthly payment over the loan term.
Added on: Fri Mar 16, 2007 8:45 pm
fisher
Guest
It is good that a tool is available which can be used to estimate the payments that one needs to make if different terms and rates are selected.
Fisher
Doug1
Guest
Various banks provide different loan terms and it is important to compare each one of them and select the best option available. The calculator is a useful utility for all who are looking to get the most appropriate loan which meets their requirements.
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