Loan Calculator

What is Loan?

Loan is borrowing money from lender like bank with the promise to pay it with back interest. It’s a financial tool that helps people afford things they might not be able to buy outright.

Example : Let’s say you need $10,000 to buy a new car. You can’t afford the full price upfront, so you take out a loan from a bank. The bank agrees to lend you the money, but you’ll have to pay them back more than $10,000 in total. This extra amount is called interest, which is the bank’s fee for lending you the money.

Mortgage calculator – https://technologynile.com/mortgage-calculator/