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Interest calculator — calculate interest amountTable of contents
Loan interest results from the contract but must stay within legal limits. This guide explains how to calculate it and what to watch for.
amount × annual rate × number of days / 365
Use the loan interest calculator for a quick estimate.
Parties can agree on interest, but maximum legal caps apply.
If the contract provides capitalization, interest becomes part of the principal. The calculator assumes simple interest.
Interest is calculated on the remaining balance after partial repayment.
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