What is Loan Calculator?
A loan calculator to help you calculate how much you should rapay monthly when you get a loan
Problem
Users need to manually calculate loan repayments using spreadsheets or basic formulas, which is time-consuming and error-prone.
Solution
A web-based loan calculator tool that automates repayment calculations. Users input loan amount, interest rate, and term to instantly receive monthly payment details, e.g., $1,000 loan at 5% over 12 months yields $85.61/month.
Customers
Borrowers, financial advisors, loan officers, and fintech professionals seeking quick, accurate repayment estimates.
Unique Features
Simplified interface with real-time adjustments, visual payment schedules, and support for multiple loan types (personal, mortgage, auto).
User Comments
Saves time compared to manual calculations
Intuitive and user-friendly
Accurate results for budgeting
Helpful for comparing loan offers
No signup required
Traction
Launched 2 months ago with 500+ active users, 120+ upvotes on Product Hunt, and $1k MRR from premium features.
Market Size
The global financial planning software market, including loan tools, is valued at $3.02 billion in 2023 (Grand View Research).
