Free Online Interest Calculator

Who needs our online interest calculator

Integrated Accounting Solutions’ “LoanAssistant” is one of the most fully featured interest calculators and amortization software available for loan processing and management. While we are very proud of LoanAssistant, we also understand that not all lenders have the same software requirements. For example, some lenders do not use QuickBooks, or they may only work with a small number of loans and are not yet in a position to purchase a full featured product.

Integrated Accounting Solutions team has come up with a way to meet the needs of such lenders and have developed a free online loan interest calculator. They can begin using it immediately to create their amortization schedules after they log on to our website. Our online interest calculator requires no installation and is completely free. So, what exactly do you need to do?

online loan interest calculator

Select the type of loan, type all the data and make calculation

When you log onto our free interest calculator, you will be prompted to choose from three types of loans you would like to process. You can select “Self-Amortized,” “Amortized Balloon,” or “Balloon Interest Only.” Once you have selected the type of loan you would like to setup, you will be prompted to input the amount of the loan, the interest rate, the rate basis of the loan, and the compounding options for the loan. Enter the closing date of the loan and the maturity date of the loan, or, in the alternative, input the number of payments to enable the interest calculator to calculate the loan’s maturity date automatically. Then, you can select how frequently you would like the loan to be paid. In less than a few minutes, you will have successfully calculated what a prospective loan will look like in our easy to use online interest calculator.

Get detailed information report with online loan interest calculator

When the loan is calculated, you will be greeted with an information report. The report will show you the pay date, payment amount, rate, interest payment, principal payment, and remaining balance of the loan for each payment. At the bottom of the grid, you will see how much money will be paid over the course of the loan, and how much of that payment is interest. You will receive a clear picture of the loan schedule, the breakdown between interest and principal in each payment, and the total amount of interest you will make as a lender or pay as a borrower. Lender can print out the newly created amortization table.
Make use of Online Interest Calculator - it’s absolutely free!

Print payment coupons for your borrowers

payment coupons in loan interest calculator

You can also quickly generate and print payment coupons. With one click, you will be able to produce loan payment coupons that include the amount due, the due date of the payment, the address of your borrower, and the address that the borrower needs to send the payment to. It is simple, easy to read, and even easier to keep track of.

This online interest calculator is free, easy to use, and fills the needs of lenders who do not need our more fully featured loan amortization software; Loan Assistant Lite, or Loan Assistant Professional.

If you need more functionality