🧮 Professional Loan Calculator

Supports both traditional banking (annual) and microfinance (fixed per-loan) models

⚙️ Loan Setup

Loan Amount (ZMW)

Interest Type

Fixed Per Loan

Rate applies once, regardless of time

Example: 50% for this loan → K100 = K150

Annual (Time-Based)

Rate per year, depends on duration

Example: 12% per year → K100 for 1 mo = K101

Monthly (Periodic)

Rate per month × number of months

Example: 5% per month × 3 mo = 15%

Interest Rate (%)

✓ This rate applies ONCE to the entire loan

Duration

Unit

Repayment Cycle

Repayment Method

⚡ Quick Examples

Interest Amount

0.00

Total Payable

0.00

Payments

First Payment

0.00

📊 Selected Loan Terms

Calculated using the selected method and quoted rate period. Fixed quotes apply once and are available with flat interest.

Interest Type	Rate	Interest	Total	Type

📐 Calculation Details

Calculation Convention:

Interest = Principal × Rate

Step-by-Step:

✓ Interest Depends On:

Agreed percentage only

📅 Duration Affects:

Repayment schedule only

📅 Repayment Schedule

#	Payment	Principal	Interest	Balance

📚 Understanding This Interest Type

Fixed Per-Loan Interest

The interest rate applies ONCE to the entire loan amount, regardless of how long the loan is for. This is NOT tied to time - it's a fixed percentage charge for the service of lending.

✅ How It Works

• Rate is agreed once for the loan
• Time does NOT change interest
• K100 @ 50% = K50 interest (always)
• Duration only splits payments

🎯 Common Uses

• Microfinance institutions
• Mobile money loans
• Emergency/quick loans
• Short-term lending

💡 Key Difference from Annual:

With annual interest, a 12% rate for 1 month = 1% interest (K1). With fixed interest, a 50% rate = 50% interest (K50) regardless of whether it's 1 week or 3 months.