The Loan Calculator In Python is a simple project developed using Python. The project is for the user convenient, to help them find out about the monthly payments on a specific loan. This project is for financial calculating to figure out the loan’s regular monthly payment, with total payment and the total interest. And the user has to pay those payments over the duration of the loan.
The project file contains a python script ( Loan_Calculator.py). This is a simple GUI-base project which is very easy to understand and use. Also, this project makes a convenient way for the user to gain an idea of how to perform loan calculations.
About Loan Calculator In Python
This simple project is in Python. Talking about the features of this system, this python application is designed to calculate monthly payments to expect for a simple loan. So, you can simply enter the loan amount, the term(years) and interest rate in the text fields and click ‘calculate loan’ button. It is not capable of handling all types of exceptions.
Also, the design of this system is pretty simple so that the user won’t get any difficulties while working on it.
How To Run Loan Calculator In Python ?
To run this project, you must have installed Python on your PC. After downloading the project, follow the steps below:
- Step1: Extract/Unzip the file
- Step2: Go inside the project folder, open cmd then type Loan_Calculator.py and enter to start the system.
- Step2: Simply, double click the Loan_Calculator.py file and you are ready to go.