Introduction

Choosing the right loan or mortgage is one of the most important financial decisions. Our calculators help you make an informed choice.

Loan Calculator

The loan calculator allows you to calculate:

• Monthly payments
• Total interest
• Amortization schedule
• Total repayment amount

How to use:

1. Enter the loan amount
2. Select annual interest rate
3. Set repayment term
4. Click "Calculate"

Use Loan Calculator →

Mortgage Calculator

The mortgage calculator helps you:

• Calculate monthly payments
• Determine required down payment
• Plan repayment schedule
• Compare different interest rates

Important factors:

• Down payment (usually 20-30%)
• Interest rate (fixed or variable)
• Loan term (up to 30 years)
• Additional fees and insurance

Use Mortgage Calculator →

Tips for Choosing a Loan

• Compare offers from multiple banks
• Watch out for hidden fees
• Plan for unexpected expenses
• Use the calculator for different scenarios

Frequently Asked Questions

What's the difference between fixed and variable interest?

Fixed interest remains constant throughout the term, while variable can change according to market conditions.

How much should the down payment be for a mortgage?

Banks usually require a minimum of 20% of the property value, but a higher down payment means lower monthly payments.