Question 1

How does the loan calculator work?

Accepted Answer

Enter the loan amount, annual interest rate, and term. Select the period type (monthly, quarterly, etc.) and whether the rate is nominal or effective. The calculator uses the French amortization system to compute fixed payments and generates a full payment schedule.

Question 2

What is the difference between nominal and effective rate?

Accepted Answer

A nominal annual rate is simply divided by the number of periods (e.g. 12% nominal = 1% monthly). An effective annual rate accounts for compounding: a 12% effective rate yields approximately 0.95% monthly. Always check your loan contract to know which one applies.

Question 3

What is the French amortization system?

Accepted Answer

The French system (also called constant payment method) keeps the payment amount fixed throughout the loan. Early payments consist mostly of interest, while later payments consist mostly of principal repayment.

Question 4

Can I export the amortization table?

Accepted Answer

Yes. Click "Export CSV" to download the full amortization table as a CSV file that you can open in any spreadsheet application.

Loan Calculator

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