Business Loan Calculator Uk Free

let loanSteps = “”; function calculateBusinessLoan() { loanSteps = “”; const loanAmount = parseFloat(document.getElementById(“loanAmount”).value); const loanTerm = parseInt(document.getElementById(“loanTerm”).value); const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100; if (isNaN(loanAmount) || isNaN(loanTerm) || isNaN(interestRate) || loanAmount <= 0 || loanTerm <= 0 || interestRate <= 0) { alert("Please enter valid positive values for all fields."); return; } const monthlyInterestRate = interestRate / 12; const totalPayments = loanTerm * 12; const monthlyPayment = loanAmount * monthlyInterestRate / (1 – Math.pow(1 + monthlyInterestRate, -totalPayments)); const totalRepayment = monthlyPayment * totalPayments; document.getElementById("monthlyPayment").value = monthlyPayment.toFixed(2); document.getElementById("totalRepayment").value = totalRepayment.toFixed(2); loanSteps += `Inputs:
Loan Amount: £${loanAmount.toFixed(2)}
Loan Term: ${loanTerm} years
Interest Rate: ${interestRate * 100}%

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

`; loanSteps += `Results:
Monthly Payment: £${monthlyPayment.toFixed(2)}
Total Repayment: £${totalRepayment.toFixed(2)}
`; if (document.getElementById(“calculationDetails”).style.display === “block”) { document.getElementById(“calculationDetails”).innerHTML = loanSteps; } } function resetBusinessLoan() { document.querySelectorAll(“.calculator-form input”).forEach(el => el.value = “”); loanSteps = “”; document.getElementById(“calculationDetails”).innerHTML = “

Not calculated yet.

“; } function toggleCalculationSteps() { const details = document.getElementById(“calculationDetails”); const arrow = document.getElementById(“toggleArrow”); if (details.style.display === “none” || details.style.display === “”) { details.style.display = “block”; arrow.style.transform = “rotate(180deg)”; details.innerHTML = loanSteps || “

Not calculated yet.

“; } else { details.style.display = “none”; arrow.style.transform = “rotate(0deg)”; } }