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Loan Calculator

Loan Amount (in Rs.): Interest Rate (in %):

10%

Duration (in years):

Fixed Deposit Calculator

FD Amount (in Rs.): Interest Rate (in %):

5%

Duration (in years):

 

About 'Extra Calculator | Loan | FD' Tool

Loan:

A loan is money borrowed from a lender and must be returned with interest. Loans are commonly used to fund large expenditures such as a home, automobile, or school. The amount of interest charged on a loan varies according on the lender and the loan terms. Loans are either secured or unsecured. A secured loan is backed by collateral, such as a car or a house, whereas an unsecured loan does not.

Fixed Deposit (FD):

A Fixed Deposit (FD) is a form of investment that banks and financial organisations provide. An investor puts a quantity of money in an FD for a set period of time at a predefined interest rate. An FD often pays a greater interest rate than a standard savings account. Money put in an FD cannot be withdrawn without penalty before the maturity date.