Car Loan Calculator
Estimate your car loan payments based on your credit score and loan terms.
function calculateLoanPayment() {
const loanAmount = parseFloat(document.getElementById(“loanAmount”).value);
const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100 / 12;
const loanTerm = parseFloat(document.getElementById(“loanTerm”).value) * 12;
const creditScore = parseFloat(document.getElementById(“creditScore”).value);
if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm) || isNaN(creditScore) || loanAmount <= 0 || loanTerm <= 0) {
alert("Please enter valid positive values for all fields.");
return;
}
// Adjust interest rate based on credit score
let adjustedRate = interestRate;
if (creditScore < 600) {
adjustedRate += 0.05; // Add 5% if credit score is below 600
} else if (creditScore el.value = “”);
}
