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Loan Interest and Repayment Calculator
Shows relationship between principal and interest
Free loan calculator showing interest vs principal repayments. See your full amortisation schedule, total interest paid, and explore what-if scenarios with extra repayments.Built to show non finance literate people how the relationship works over time with repayments, how you can change your loan life by adding repayments.
I was building a simple PMT function in excel to show someone how to work out interest over time, when I realised it wasn't that simple if you were not from a finance background. Instead of trying to explain the different elements of an excel function and then how to use this to calculate interest and principal, I thought I'd build a straight forward app that would require minimal technical background or skill to input loan details, put also show your monthly repayment over time both graphically, and in a table where you could see the changes over time. Adding in a what-if scenario made sense as things change over time. Interested to know if you find this helpful.
About Loan Interest and Repayment Calculator on Product Hunt
“Shows relationship between principal and interest ”
Loan Interest and Repayment Calculator was submitted on Product Hunt and earned 0 upvotes and 3 comments, placing #122 on the daily leaderboard. Free loan calculator showing interest vs principal repayments. See your full amortisation schedule, total interest paid, and explore what-if scenarios with extra repayments.Built to show non finance literate people how the relationship works over time with repayments, how you can change your loan life by adding repayments.
On the analytics side, Loan Interest and Repayment Calculator competes within Payments, Personal Finance and Banking — topics that collectively have 17.6k followers on Product Hunt. The dashboard above tracks how Loan Interest and Repayment Calculator performed against the three products that launched closest to it on the same day.
Who hunted Loan Interest and Repayment Calculator ?
Loan Interest and Repayment Calculator was hunted by Matthew Phillips. A “hunter” on Product Hunt is the community member who submits a product to the platform — uploading the images, the link, and tagging the makers behind it. Hunters typically write the first comment explaining why a product is worth attention, and their followers are notified the moment they post. Around 79% of featured launches on Product Hunt are self-hunted by their makers, but a well-known hunter still acts as a signal of quality to the rest of the community. See the full all-time top hunters leaderboard to discover who is shaping the Product Hunt ecosystem.
For a complete overview of Loan Interest and Repayment Calculator including community comment highlights and product details, visit the product overview.
Matthew Phillips