{"id":2117,"date":"2024-08-29T11:03:01","date_gmt":"2024-08-29T17:03:01","guid":{"rendered":"https:\/\/niellotrading.com\/?page_id=2117"},"modified":"2024-08-29T11:13:10","modified_gmt":"2024-08-29T17:13:10","slug":"loan","status":"publish","type":"page","link":"https:\/\/niellotrading.com\/?page_id=2117","title":{"rendered":"Loan Calculator"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2117\" class=\"elementor elementor-2117\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-06526fe e-flex e-con-boxed e-con e-parent\" data-id=\"06526fe\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b79c5e8 elementor-widget elementor-widget-shortcode\" data-id=\"b79c5e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><div class=\"wp-loan-calculator-main\" id=\"wp-loan-calculator-main\">\n    <style type=\"text\/css\">\n        :root {\n            --calc-background-color: #242c4c;\n            --calc-select-color: #404245;\n            --calc-bg-light-color: #ecf5fe;\n            --calc-border-color: #000000;\n            --calc-graph-color: #ebeeff;\n            --calc-graph-color-sub: #53597d;\n            --calc-graph-border-color: #1e73be;\n            --calc-graph-border-color-sub: #ffffff;\n        }\n    <\/style>\n\n    <section class=\"heading-section\">\n        <div class=\"menu-sec-cls\">\n            <ul class=\"heading-sec-link\">\n                                    <li>\n                        <a href=\"javascript:void(0);\" class=\"print-table\"><i class=\"fa fa-print\" aria-hidden=\"true\"><\/i>Print<\/a>\n                    <\/li>\n                                                <li>\n                    <a href=\"javascript:void(0);\" onclick=\"jQuery('.about-this-calculator-popup').show();jQuery('body').addClass('body-overflow-hidden');\"><i class=\"fa fa-info-circle\" aria-hidden=\"true\"><\/i>About this calculator<\/a>\n                <\/li>\n                            <\/ul>\n        <\/div>\n        <div class=\"about-this-calculator-popup\" style=\"display: none;\">\n            <div class=\"about-this-calculator-popup-body\">\n                <a href=\"javascript:void(0);\" class=\"close-button\" onclick=\"jQuery('.about-this-calculator-popup').hide();jQuery('body').removeClass('body-overflow-hidden');\">X<\/a>\n                                <div class=\"calculator-content\"><h1>Calculator Information<\/h1>\r\nThe Equipment Finance Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product.\r\n\r\nThe Equipment Finance Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment.\r\n\r\nThe calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.\r\n<h1>Calculator Assumptions<\/h1>\r\n<h3>Length of Month<\/h3>\r\nAll months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month.\r\n<h3>Number of Weeks or Fortnights in a Year<\/h3>\r\nOne year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.\r\n<h3>Rounding of Amount of Each Repayment<\/h3>\r\nIn practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount.\r\n<h3>Rounding of Time Saved<\/h3>\r\nThe time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings.\r\n<h3>Amount of Interest Saved<\/h3>\r\nThis amount can only be approximated from the amount of time saved and based on the original loan details.\r\n<h3>Calculator Disclaimer<\/h3>\r\nThe results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.<\/div>\n            <\/div>\n        <\/div>\n    <\/section>\n\n    <section id=\"main-sec\" class=\"ctm_main_wrap\">\n        <section class=\"calculator-heading-section calculator-heading-block\">\n            <div class=\"calculator-child-heading\">\n                <h2>\n                <center><strong>Feel free to use our Finance Calculator<\/strong><\/center>\n                <\/h2>\n            <\/div>\n        <\/section>\n        <section class=\"loan-option-text-info\">\n            <div class=\"custom-container loan-option-text-info-section\">\n                <div class=\"loan-option-text-info-block\">\n                    <div class=\"first-row\">\n                        <div class=\"first-row-sub-child\">\n\n                            <label for=\"loan_amt\" class=\"loan-text\">Loan Amount <i class=\"fa fa-info-circle\" aria-hidden=\"true\" tabindex=\"1\"><\/i><span class=\"text-tooltip-disp\">Please enter your loan amount here.<\/span><\/label>\n\n                            <div class=\"loan-text-dis loan-amount\">\n                                <span class=\"extra-info\">&#36;<\/span>\n                                <input type=\"text\" name=\"loan_amount\" id=\"loan_amount\" value=\"\" tabindex=\"2\" oninput=\"validateInputLoanRate(this)\" onkeydown=\"return onlyNos(event,'loan_amount')\" \/>\n                            <\/div>\n                            <input type=\"range\" min=\"1000\" max=\"1000000\" value=\"10000\" class=\"slider\" id=\"loan_amount_range\" tabindex=\"3\" step=\"1000\">\n                        <\/div>\n                        <div class=\"first-row-sub-child\">\n                            <label for=\"loan_terms\" class=\"loan-text\">No. of Payments<i class=\"fa fa-info-circle\" aria-hidden=\"true\" tabindex=\"4\"><\/i><span class=\"text-tooltip-disp\">Please enter the number of years in which you plan to repay the loan.<\/span><\/label>\n                            <div class=\"loan-number-payment-with-label\">\n                            <div class=\"loan-text-dis no-payment\">\n                                <!-- <span class=\"extra-info\">Months<\/span> -->\n                                                                    <select name=\"repayment_freq\" id=\"repayment_freq\" class=\"payment-opt-drop \">\n                                                                                    <option value=\"Monthly\" selected>Monthly<\/option>\n                                                                                    <option value=\"Quarterly\" >Quarterly<\/option>\n                                                                                    <option value=\"Yearly\" >Yearly<\/option>\n                                                                                    <option value=\"Weekly\" >Weekly<\/option>\n                                                                                    <option value=\"Fortnight\" >Fortnightly<\/option>\n                                                                            <\/select>                                  \n                                                                <input type=\"text\" name=\"loan_terms\" min=\"12\" max=\"84\" maxlength=\"5\" id=\"loan_terms\" value=\"\" tabindex=\"5\" onkeydown=\"return onlyNos(event,'loan_terms')\" \/>\n\n                            <\/div>\n\n                                                        <\/div>\n\n                            <input type=\"range\" min=\"12\" max=\"84\" value=\"12\" class=\"slider\" id=\"loan_terms_range\" tabindex=\"6\" step=\"1\">\n                            <input type=\"hidden\" name=\"default_value\" value=\"12\">\n                            <input type=\"hidden\" name=\"min_value\" value=\"12\">\n                            <input type=\"hidden\" name=\"max_value\" value=\"84\">\n                            <input type=\"hidden\" name=\"current_repayment_freq\" value=\"\">\n                        <\/div>\n                        <div class=\"first-row-sub-child payment_mode_enable_disable\">\n\n                                                            <div class=\"first-row-main-child\">\n                                    <label for=\"loan_amt\" class=\"loan-text\">Payment Mode<i class=\"fa fa-info-circle\" aria-hidden=\"true\" tabindex=\"8\"><\/i><span class=\"text-tooltip-disp\">Please choose payment mode of the loan.<\/span><\/label>\n                                    <select name=\"payment_type\" id=\"payment_type\" class=\"payment-opt-drop\">\n                                        <option  value=\"In Advance\">In Advance<\/option>\n                                        <option selected value=\"In Arrears\">In Arrears<\/option>\n                                    <\/select>\n                                <\/div>\n                                                    <\/div>\n                    <\/div>\n                    <div class=\"second-row\">\n                        <div class=\"second-row-sub-child\">\n                            <label for=\"loan_amt\" class=\"loan-text\">Interest Rate<i class=\"fa fa-info-circle\" aria-hidden=\"true\" tabindex=\"8\"><\/i><span class=\"text-tooltip-disp\">The interest rate will default to the product you selected. You can also change the rate up or down to understand the effect on your repayments and total interest payable.<\/span><\/label>\n                            <div class=\"loan-text-dis\">\n                                <input type=\"text\" name=\"interest_rates\" id=\"interest_rates\" value=\"\" tabindex=\"9\" \/>\n                                <span id=\"interest_rate_range_dis\" class=\"rate_disp\"><\/span>\n                            <\/div>\n                            <input type=\"range\" min=\"1.25\" max=\"15.00\" value=\"4.5\" class=\"slider\" id=\"interest_rate_range\" tabindex=\"10\" step=\"0.25\">\n                        <\/div>\n                                                    <div class=\"second-row-sub-child\">\n\n                                <div class=\"loan-text-dis\">\n                                    <input type=\"hidden\" name=\"ballon_amounts\" id=\"ballon_amounts\" value=\"\" tabindex=\"11\" onkeydown=\"return onlyNos(event,'ballon_amounts')\" \/>\n\n                                    <input type=\"hidden\" name=\"ballon_amounts_per\" id=\"ballon_amounts_per\" value=\"0\" tabindex=\"12\" \/>\n                                <\/div>\n                                <input type=\"hidden\" id=\"ballon_amount_range\" tabindex=\"13\" step=\"1\" value=\"0\">\n                            <\/div>\n                                                <\/div>\n                    \n                                    <\/div>\n            <\/div>\n                        <div class=\"loan-detail-section \">\n                <div class=\"loan-detail-section-child\">\n                    <div class=\"sub-main-tab\">\n                        <div class=\"ww-loan-container\">\n                            <div class=\"tabs\">\n\n                                                                                                    <input type=\"radio\" name=\"tabs\" id=\"tab1\" checked>\n                                    <label for=\"tab1\">\n                                                                                    <i class=\"fa fa-chart-bar\"><\/i>\n                                            <span class=\"tooltip-disp\">Repayment Chart<\/span>\n                                                                            <\/label>\n                                \n                                                                                                <div id=\"tab-content1\" class=\"tab-content\">\n                                    <canvas id=\"loan-process-graph\" width=\"460\" height=\"460\"><\/canvas>\n                                <\/div>\n                                <div id=\"tab-content2\" class=\"tab-content\">\n                                                                            <div class=\"no-video-exist-main\">\n                                            <div class=\"video-child-sec\">\n                                                <h1>Sorry<\/h1>\n                                                <p>This video does not exist.<\/p>\n                                            <\/div>\n                                        <\/div>\n                                                                    <\/div>\n\n                                <div id=\"tab-content3\" class=\"tab-content\">\n                                    <table id=\"loan-process-tbl\">\n                                        <thead>\n                                            <tr>\n                                                <th>Period<\/th>\n                                                <th>Payment<\/th>\n                                                <th>Interest<\/th>\n                                                <th>Balance<\/th>\n                                            <\/tr>\n                                        <\/thead>\n                                        <tbody id=\"loan_table_data\">\n                                        <\/tbody>\n                                    <\/table>\n                                <\/div>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/div>\n                <div class=\"loan-detail-section-child\">\n                    <div class=\"loan-detail-cal-desc\">\n                        <div class=\"loan-cal-desc\">\n                            <div class=\"loan-cal-desc-heading main-heading\">\n                                <label id=\"regular_repayment_heading\"><strong>{frequency} Payment<\/strong><\/label>\n\n                            <\/div>\n                            <div class=\"loan-cal-desc-val\">\n                                <label><span><small>&#36;<\/small><span id=\"per_month_amount\"><\/span><\/span> <strong id=\"loan_amount_term_label\"><\/strong><span id=\"loan_amount_year\"><\/span> <\/span><\/label>\n                            <\/div>\n                        <\/div>\n                                                <div class=\"loan-cal-desc\">\n                            <div class=\"loan-cal-desc-heading\">\n                                <label><strong>Total interest payable<\/strong><\/label>\n                            <\/div>\n                            <div class=\"loan-cal-desc-val\">\n                                <label><small>&#36;<\/small><span id=\"total_interests_amt\"><\/span> over <span id=\"total_interests_years\"><\/span> <\/label>\n                            <\/div>\n\n                        <\/div>\n                                                <div class=\"loan-cal-desc\" id=\"ballon_amt_section\">\n                            <div class=\"loan-cal-desc-heading\">\n                                <label><strong>Balloon amount (<span id=\"bill_ballon_per\">0.00<\/span>%)<\/strong><\/label>\n                            <\/div>\n                            <div class=\"loan-cal-desc-val\">\n                                <label><small>&#36;<\/small><strong><span id=\"bill_ballon_amt\">0.00<\/span><\/strong><\/label>\n                            <\/div>\n\n                        <\/div>\n\n                                            <\/div>\n                                                        <\/div>\n            <\/div>\n        <\/section>\n                    <div class=\"contact-us-section\">\n                <!-- <h3><\/h3> -->\n                                    <a href=\"https:\/\/niellotrading.com\/?page_id=1715\" target=\"_blank\">Contact us now for a quote<\/a>\n                            <\/div>\n        \n        <div class=\"contact-us-popup\" style=\"display:none;\">\n            <div class=\"contact-us-popup-body\">\n                <a href=\"javascript:void(0);\" class=\"close-button\" onclick=\"jQuery('.contact-us-popup').hide();jQuery('body').removeClass('body-overflow-hidden');\">X<\/a>\n                            <\/div>\n        <\/div>\n\n\n                    <div class=\"calculator-disclaimer-section\">\n                <h4>Calculator Disclaimer<\/h4>\n                <p>The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.<\/p>\n            <\/div>\n            <\/section>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2117","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/niellotrading.com\/index.php?rest_route=\/wp\/v2\/pages\/2117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/niellotrading.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/niellotrading.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/niellotrading.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/niellotrading.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2117"}],"version-history":[{"count":6,"href":"https:\/\/niellotrading.com\/index.php?rest_route=\/wp\/v2\/pages\/2117\/revisions"}],"predecessor-version":[{"id":2125,"href":"https:\/\/niellotrading.com\/index.php?rest_route=\/wp\/v2\/pages\/2117\/revisions\/2125"}],"wp:attachment":[{"href":"https:\/\/niellotrading.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}