Enhanced Loan Calculator (Canadian)

ACalculator offers the easiest way to solve the complex calculations of Enhanced Loan Calculator. Using this enhanced  loan calculator you can calculate for loan balance, interest rate, terms, and monthly payments by simply inputting the balance, rate of interest, payment in dollar, and term in months. To try this calculator you must have JavaScript installed and additionally choose the ‘Allow Blocked Content’ when using the Internet Explorer.
Monthly payment
Amount of payment in every month.
Interest rate
This is the percentage amount given on the loan annually. This rate is calculated every month on the remaining balance of the loan. Therefore, the annual rate is converted into monthly rate by dividing the annual rate by 12.
Term in months
Total number of months required to repay the loan.
Loan amount
The borrowed amount of money.