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Loan condition setting example

( Simulation results is here )

Loan condition

  • Amount: $200,000.00
  • Interest rate: Fixed (5.400%)
  • Term: 30 years
  • Payment method: Payment equal
  • Bonus payment: —
  • Accelerated repayment: Term
  • Starting date: 2011.01.31
  • Starting age: 31 years old

iLoan Calc setting example1 condition

Interest rate

Choose “Fixed” type and then set an annual interest rate.



Choose “30 years”.

The default unit is “Times (months)”. The unit can be changed by choosing “Year” button.


Payment method

Choose “Equal interest payment”.
“Equal interest payment” means that the monthly payment (Interest and Principal) is fixed over the life of the loan.

Bonus payment

Here bonus payment isn’t set.

Bonus payment is a payment type which is common in Japan. You can calculate the loan combining with either yearly payment or twice a year payment with this settings.

Accelerated repayment

Choose “Term” (or “Payment”) and then set accelerated repayment and the performing month.

Tap “Add new accelerated repayment data” to open the setting screen.

And deleting data can be done from the “Edit” button.