Loan Part Payment Calculator
Calculate the effect of making part payments on your loan.
Monthly
Quarterly
Annually
function calculateLoan(){
const loanAmount = parseFloat(document.getElementById(“loanAmount”).value);
const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100;
const loanTerm = parseInt(document.getElementById(“loanTerm”).value);
const partPayment = parseFloat(document.getElementById(“partPayment”).value);
if(isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm) || isNaN(partPayment) || loanAmount <= 0 || interestRate <= 0 || loanTerm el.value = “”);
}
function formatCurrency(n) {
return “$” + n.toFixed(2);
}
This loan part payment calculator helps you understand the impact of making part payments on your loan balance.
