Do you have an installment loan? It could be for any purpose -- an installment loan is only a loan that has a payment schedule and a payment term of anywhere from a couple of months to thirty years at most.
If you're wondering how long it will take for you to pay down that debt and what the payments might be at differing interest rates, AmOne's installment loan calculator tool is for you. It's as easy as entering in the loan amount, your interest, selecting the loan term from the dropdown menu, and entering in the starting date.
A touch of the submit button shows you how long and how much it will take for you to pay down the loan. Changing the interest rate or other numbers is simple. Just make your changes and click on submit to see the new breakdown.
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