Loan Calculator

Overview

This is a simple loan calculator web application that helps users estimate loan repayment details based on their loan amount, interest rate, and loan term. The calculator provides valuable insights into monthly payments, total interest paid, and the complete amortization schedule.

Live Demo

You can try out the live demo of this Loan Calculator Live Demo.

Features

• Input fields for loan amount, interest rate (annual percentage), and loan term (in months).
• Real-time calculation of monthly payments, total interest paid, and the complete amortization schedule.
• Clear and intuitive user interface.

Technologies Used

• HTML: Used for creating the structure and content of the web page.
• CSS: Applied for styling and layout to make the calculator visually appealing.
• JavaScript: Implemented the loan calculation logic and real-time updates.
• Vercel: Deployed the web application for easy access.

How to Use

1. Visit the live demo Live Demo.
2. Enter the loan amount you're considering in the "Loan Amount" input field.
3. Input the annual interest rate (in percentage) in the "Interest Rate" field.
4. Specify the loan term in months in the "Loan Term" input field.
5. The loan calculator will instantly display your estimated monthly payments, total interest paid over the loan term, and a complete amortization schedule.
6. To recalculate, simply update any of the input fields.

Installation

If you want to run this project locally, follow these steps:

1. Clone the repository:

   git clone https://github.com/alok-2002/loan-calculator.git

2. Navigate to the project directory:

   cd loan-calculator

3. Open the index.html file in your preferred web browser.

Deployment

This project is deployed using Vercel. Any changes you push to the main branch of this repository will be automatically deployed to your live demo.

Contributing

If you'd like to contribute to this project, feel free to fork the repository and submit a pull request with your changes. You can also open issues for bug reports or feature requests.

License

This project is licensed under the MIT License - see the LICENSE file for details.

Acknowledgments

• Thanks to the developers and maintainers of the technologies used in this project.
• The loan calculator was created to help users make informed financial decisions.

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Enjoy calculating your loans! If you have any questions or suggestions, please don't hesitate to get in touch.