Bdo Personal Loan Calculator

let loanSteps = “”; const currencySymbol = “₱”, fixedCurrency = “PHP”; function calculateLoan(){ loanSteps=””; const amount = parseFloat(document.getElementById(“loanAmount”).value); const term = parseInt(document.getElementById(“loanTerm”).value); const rate = parseFloat(document.getElementById(“interestRate”).value) / 100; if (isNaN(amount) || isNaN(term) || isNaN(rate) || amount <= 0 || term <= 0 || rate <= 0) { alert("Please enter valid positive values for all fields."); return; } const monthlyRate = rate / 12; const numberOfPayments = term * 12; const monthlyPayment = (amount * monthlyRate) / (1 – Math.pow(1 + monthlyRate, -numberOfPayments)); const totalCost = monthlyPayment * numberOfPayments; document.getElementById("monthlyPayment").value = formatCurrency(monthlyPayment); document.getElementById("totalCost").value = formatCurrency(totalCost); loanSteps += `Inputs:
Loan Amount: ${formatCurrency(amount)}
Loan Term: ${term} years
Interest Rate: ${(rate * 100).toFixed(1)}%

`; loanSteps += `Formulas:
Monthly Payment = Loan Amount × Monthly Rate / (1 – (1 + Monthly Rate)^(-Number of Payments))
Total Cost = Monthly Payment × Number of Payments

`; loanSteps += `Results:
Monthly Payment: ${formatCurrency(monthlyPayment)}
Total Loan Cost: ${formatCurrency(totalCost)}
`; loanSteps += `Tip: Consider the total cost when evaluating loan options with different terms and rates.`; if (document.getElementById(“calculationStepsLoan”).style.display === “block”) { document.getElementById(“calculationStepsLoan”).innerHTML = loanSteps; } } function resetLoan(){ document.querySelectorAll(“#calculator input”).forEach(el => el.value = “”); loanSteps = “”; document.getElementById(“calculationStepsLoan”).innerHTML = “

Not calculated yet.

“; } function toggleLoanSteps(){ const s = document.getElementById(“calculationStepsLoan”); const a = document.getElementById(“toggleArrowLoan”); if (s.style.display === “none” || s.style.display === “”) { s.style.display = “block”; a.style.transform = “rotate(180deg)”; s.innerHTML = loanSteps || “

Not calculated yet.

“; } else { s.style.display = “none”; a.style.transform = “rotate(0deg)”; } } function formatCurrency(n) { return currencySymbol + n.toFixed(2) + ” ” + fixedCurrency; }