Loan Payment Calculator Online

Integrated Accounting Solutions’ “LoanAssistant” is a feature rich and versatile loan payment calculators and amortization software for loan payment processing. Our team realizes that lenders have different software requirements. Many lenders do not use QuickBooks, or work with a small number of loans. Integrated Accounting Solutions have developed a free online loan payment calculator. Our online loan payment calculator requires no installation and is completely free. So, what exactly do you need to do?

Making payment calculations is very simple with Loan Payment Calculator

After you log onto our free loan payment calculator, you will be prompted to choose which type of loan you would like to process. You can select “Self-Amortized,” “Amortized Balloon,” or “Balloon Loan payment Only.” You will then be prompted to input the amount of the loan, the loan payment 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 loan payments to enable the loan payment calculator to calculate the loan’s maturity date automatically. Then, you can select the desired frequency of your loan payments.

Online Loan Payment Calculator

Get detailed report for payments

When the loan setup is finished, our loan payment calculator will produce an information report. The report will show the pay date, payment amount, rate, loan 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 loan payment. You will receive a clear picture of the loan schedule, the breakdown between loan payment and principal in each payment, and the total amount of loan payment you will make as a lender or pay as a borrower. Lender can print out the newly created amortization table.

Now you can print payment coupons

You can also generate and print payment coupons with the click of the button. Loan payment coupons 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.

This online loan payment calculator is free, easy to use, and worker for lenders who do not need the additional features of LoanAssistant Lite, or Loan Assistant Pro.

If it’s not enough for your business