Credit - a tool provided by financial institutions, mostly banks and credit unions. Credit can help you get the desired benefit, whether it is a major acquisition: housing (mortgage), car (car loan) or a small acquisition: a trip abroad or education (a loan for personal use), home appliances (consumer credit), much earlier than the payment of their total value. In other words the bank pays the cost of the chosen subject or service organization to sell, and you received your desired object / service at its disposal, the cost of bank fees in installments over a period of time. As a reward from your bank receives a fee for using credit.
With this loan calculator you can calculate the approximate cost of using credit and choose the best scheme of its maturity.
Despite the fact that the loan calculator allows you to specify additional options of credit, payment amount may have a slight error caused by the peculiarities of calculations in each financial institution.