Loan Calculator Guide
This guide explains how your loan calculator works step by step.
📌 What it calculates
Monthly payment, total repayment, and total interest over the full loan term.
🪜 Steps
Step 1: Enter loan amount (e.g. €150,000)
Step 2: Enter interest rate (e.g. 4%)
Step 3: Enter loan term in years (e.g. 25)
Step 4: Click calculate
🧮 Formula
Monthly Payment = P × [r(1 + r)^n] / [(1 + r)^n - 1]
P = loan amount
r = monthly interest rate
n = number of months