How It Works:

• Loan Amount: Enter the amount you are considering borrowing.
• No. of Payment (in months): Specify the desired loan term in months.
• Interest Rate: Adjust the interest rate to reflect your unique financial circumstances.
• Payment Mode:
  1. In Advance: With this payment mode, the borrower makes payments at the beginning of each period. For example, if your loan has a monthly repayment schedule, you would pay the installment at the start of each month, covering the upcoming month.
  2. In Arrears: In this scenario, payments are made at the end of each period. Using the same monthly repayment schedule, you would pay for the month that has just passed. The payment is made in arrears or after the services or time period has been provided.

Why Choose Our Calculator:

• Tailored to You: Our Loan Calculator is tailored to suit your individual financial needs, offering flexibility in terms and payment modes.
• Transparent: We believe in transparency. Use the calculator and amortization table to get a comprehensive view of your potential financial commitments.
• Empowerment: Take control of your financial future by understanding the impact of different loan parameters on your budget.
• Amortisation Table: This feature provides a clear visualization of each payment, showcasing how much goes towards principal and interest over time.

At Toledo Teachers Credit Union, we are committed to providing tools that empower you on your financial journey. Whether you're planning for a personal expense, a new vehicle, or a home purchase, our Loan Calculator is here to assist you. Ready to explore your financial possibilities? Start using our Loan Calculator now and make confident decisions with Toledo Teachers Credit Union by your side.