Glocal

Glocal is a super handy loan installment calculator that does more than just tell you your monthly payment. If you're curious about the capital, interest, or loan balance, this app has got your back!

Your Loan Payments Made Easy

When it comes to borrowing money from a bank, the installment is usually the biggest concern. It’s that regular payment you make every month or every few months. So, knowing whether you can afford those payments is really important!

No More Pencils and Paper

If you've ever looked at a payment schedule, you probably realize that calculating those installments isn’t just about grabbing a pencil and some paper. You need more than that! Sure, you could try using programs like Microsoft Excel, which can help with functions for calculations.

Quick and Simple Calculations

But why waste time creating formulas when Glocal makes it so easy? All you have to do is enter your loan details: the amount you want to borrow, the interest rate, and how many payments you'll make. It’s as simple as that!

Your Personalized Payment Schedule

The best part? Once you've entered everything, Glocal will whip up a payment schedule for you! This schedule shows your monthly payments until you've paid off the loan completely. Plus, it breaks down how much of each payment goes toward interest versus paying off the actual loan amount.

Perfect for Fixed Interest Loans

Now, while Glocal might not work for every type of loan out there, it's perfect for loans with fixed interest rates and monthly payments. And don’t worry about losing your data; the results are saved automatically in a text file. You can easily email it or print it out!

A Simple Tool for Managing Finances

All in all, Glocal is pretty straightforward and can really help you stay on top of your loans and manage your finances better. With details like the Effective Annual Rate included, you'll be able to figure out which loan suits your needs best.