The Mntrends Loan calculator is aimed at helping you know understand a loan. This in turns helps you in making a better decision as to the type of loan you need.
WHY USE THE MNTRENDS LOAN CALCULATOR
First it is very simple and easy to understand. Although its interface is simple it also gives in depth and near accurate results and analysis of your loan option. With the Mntrends Loan calculator you won’t have to face any complicated interface before you can understand how your loan looks like within a period of months.
This calculator has the following feature and they are not too hard to understand
Total Amount($): This refers to the amount of loan you want secure. In this box just input the value e.g 500, 1,000, 10,000 etc.
Down Payment($): Down payment refers to the amount you are paying as at the time of securing the loan.
Interest Rate(%): This refers to the rate of interest usually provided by the loan institution or bank.
Amortization Period(years): This is also known as the loan tenure or tenure of the loan. It refers to the payback time of the loan. How long before you pay back the loan and it is usually in years.
Residual Value: This option is for those who are opting for lease calculation.
Monthly Payment: This is the first output you get from the calculation. It gives you detailed on how much you are expected to pay back monthly.
Total Payment: Total payment refers to the amount you will pay back at the end of the loan tenure.
Interest Amount: The interest amount refers to the total amount paid calculated from the interest rate provided.
Use the Loan Calculator Above(Credit: Responsive Mortgage Calculator)
WHY USE MNTRENDS LOAN CALCULATOR
There are few reasons why you should use the Mntrends calculator for loans
It is simple to use
The calculator also works fine for those who wants to calculate lease.
This calculator gives near to accurate result with regards to the data provided by you.
You get the answer almost immediately.
Very safe to use as it does not require any log in information or personal data
One of the advance web calculator for loan options.
We really hope you enjoy using the Mntrends loan calculator and if you have any question and wants to suggest an update please use the CONTACT US page to send us a message. We’ll try to update the calculator to meet your request and make it more user friendly from your suggestion. We hope to hear from you and we hope this calculator helps you get the right stat for you loan.
Do you have ideas or dreams that you wish to turn into a reality? Are you into fashion, information technology, movie production, movie distribution,...
Loan terminology refers to some words used during loan application. This means that when applying for loan you'll come across these terms. While you...
The FirstBank Personal Home Loan(Mortgage) is one of the mortgage options available on the internet. And although most Nigerians are yet to take advantage...
The Firstbank FirstGem scheme is a female empowerment scheme by Firtsbank. This scheme helps business women to own, grow and finance their business. You...
The Access Bank mortgage loan(also known as Access bank Home Loan) is designed to provide financial support for the acquisition of ready properties and...
The Access Bank Maternal Health Service Support(MHSS) is designed for women and to help families overcome financial challenges and support them in their quest...
The Access Bank Advance for School Fees scheme is designed to provide parents/guardians with short–term financing to cover tuition fees for their children/wards, as...
THE DIFFERENCE BETWEEN INSURANCE AND LOANS
Loan is anything borrowed usually money that is expected to be paid back with specified interest after a specific...
Many people have been a victim of internet fraudsters. Some have lost thousands of dollars to online fraudsters. Others have lost important documents and...
The UBA Bank Co-operative Loans is used by the Bank to Provide credit facilities to Co-operative societies of blue-chip companies. The UBA co-operative loans...