NAB Home Loan Calculator
function calculateNABHomeLoan() {
const loanAmount = parseFloat(document.getElementById(‘loanAmount’).value);
const interestRate = parseFloat(document.getElementById(‘interestRate’).value) / 100 / 12;
const loanTerm = parseFloat(document.getElementById(‘loanTerm’).value) * 12;
if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm)) {
alert(“Please enter valid values for all fields.”);
return;
}
const monthlyPayment = (loanAmount * interestRate) / (1 – Math.pow(1 + interestRate, -loanTerm));
document.getElementById(‘monthlyPayment’).value = monthlyPayment.toFixed(2);
}
