Personal Loan Calculator
Calculation method:
Fixed interest
- A principal amount is calculated based on your
Car value
andDownpayment
(if any) which will be your loan amount. - A fixed amount of Interest per year is calculated based on
Interest
rate against the loan amount. - Based on the loan term, interest per year and loan amount, the
Loan repayment
is calculated. - The value is then translated to
monthly
by division on monthly basis.