Loan capacity calculator

A loan calculator is a financial tool that helps borrowers estimate their ability to repay a loan. Using variables such as loan amount, interest rate, and repayment term, a loan calculator provides estimated monthly payments and total interest charges. This helps borrowers determine whether they can afford to take out a particular loan, and how much they can borrow while comfortably meeting their financial obligations. Loan calculators are commonly used by banks and other lenders, as well as borrowers.