advanced loan calculator
This tool:
- Calculates and displays monthly loan repayments.
- Separates interest repayments from capital repayments.
- Shows the outstanding balance for each month throughout the loan term.
- Allows adjustment of the interest rate during the loan term to simulate changes in interest rate conditions.
- Provides the total cost of the loan over any selected period, including the full term.
- Enables input of two separate loan facilities for side-by-side comparison, useful for evaluating fixed-rate versus variable-rate loans.
- Includes an output tab that displays key information for each of the two loan scenarios if both are created.
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Supporting Business With Finance That Fits
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