We have a free and easy, simple loan calculator here on the Clf (California Loan Find) blog. To use it, simple go to the bottom of any post and you will see it. How this simple loan calculator works fairly straight forward, but I’ll explain how easy it is to use.

Even a grade 3 student (or 8 year old) can use this loan calculator. You only have to enter 4 different fields – the principal loan amount, the APR (annual percentage rate), years of the loan, and days between payments. It does not get any simpler than that.

Note: with our loan calculator, make sure you never enter symbols (such as the % symbol, the $ symbol, or a ,) and only enter numeric values. For example, don’t enter $50,000 – enter 50000. You can use a decimal point in the form of a period, in case you want to enter a fractional number.

Using our free loan calculator below you need to enter your loan amount, interest rate, etc. in this order;

• Field #1 – enter the principal loan amount (enter the amount of money you are borrowing)
• Field #2 – enter the interest rate (enter the interest rate you think the bank or lender is going to approve your loan at, or if you know what your interest rate is going to be on the loan – enter the percentage in a numerical value only)
• Field #3 – enter the length of the loan in years (numeric value only please)
• Field #4 – enter the days between payments (for biweekly payments enter 14, and for monthly payments enter 30 – that’s how I use our loan calculator anyway)

Screen Shot of Our Loan Calculator in Use

After you enter in your numbers, click the “Submit Query” button, and you will see your calculation results as the picture below.

Screen Shot of Loan Calculation Results

Random Posts

• January 14, 2009 -- $5000 Personal Loans (26)
  $5,000 personal loans are commonly looked for online. However getting approved for a $5,000 cash adv...
• August 12, 2009 -- Need a 10,000 Dollar Personal Loan? – Let’s Do The Math (9)
  It seems to me that if you need a personal loan for 10,000 dollars you could find ways of borrowing ...
• October 2, 2009 -- Navy Federal Credit Union – Better Branch Map (0)
  I was doing some research for the Navy Federal Credit Union the other day, and I was really anno...
• August 26, 2009 -- Loan Modification (Definition) (6)
  The definition of a loan modification is as follows; A loan modification is defined as "the modif...
• June 28, 2010 -- Recovering from Bankruptcy – Regaining Your Credit Rating (0)
  The answer may be "No" now, but that's not a "No" forever! If you are about two years from your b...
• October 19, 2009 -- Urgent Cash Advance – Desperate for Short Term Loan (3)
  When you are in serious financial ruin, or in some sort of dire straights, you may need an urgent ca...
• December 23, 2008 -- Declared Chapter 7 Bankruptcy – The Bank Says Our Mortgage in Null and Void (0)
  We've heard this story many times over the years (two of our writers at California Loan Find were pr...
• August 16, 2010 -- My Payday Loan Poem (0)
  Don't know why I wrote this poem, but I know what it's like to have no money, no hope, and no clue. ...
• July 15, 2010 -- Need a Computer Loan – Perhaps (0)
  Usually when a borrower needs a computer loan they're young students that are in University, or on t...
• August 2, 2010 -- Going Green Internet Business Loan in Ontario, CA (0)
  This business loan application was from Ontario, California, and the business owner requires funding...

A LOAN CALCULATOR FOR CRUNCHING YOUR NUMBERS IS BELOW; Enter your loan amount, how many years, the interest rate, and payment frequency (14 for biweekly, 30 for monthly, 7 for weekly. Very helpful so you know exactly what the loan will cost you in interest payments and you will know the total COB (cost of borrowing).

Loan Amount:

Interest:

Years:

Days between payments:
30 for a Month, 7 for Week
and 14 for Bi-Weekly. Easy!