This calculator helps you estimate loan payments for various types of loans including personal loans, mortgages, and micro loans.

Steps to use:

1. Enter Loan Amount: Input the total amount you want to borrow. For micro loans (small amounts), the calculator will adjust accordingly.
2. Set Interest Rate: Enter the annual interest rate for your loan.
3. Choose Loan Term: Select the duration of your loan in years, months, weeks, or days. For short-term loans, use weeks or days.
4. Select Currency: Choose your preferred currency from the list, including various African currencies.
5. Add Extra Payments (Optional): If you plan to make additional payments, toggle this option and enter the amount and start date.
6. Click Calculate: View your payment schedule, total interest, and amortization table.

Micro Loans & Short-Term Loans:

For micro loans (small amounts) and short-term loans (days/weeks), the calculator automatically adjusts:

• Shorter payment intervals for more accurate calculations
• Appropriate minimum/maximum ranges for loan amounts
• Special handling for very high interest rates common with short-term loans