Glocal

Glocal is a loan installment calculator designed to provide you with more than just the value of the monthly payment. If you need to know more about the capital, interest and loan balance, this app can help you.

The installment is the main concern of anyone who needs to borrow money from a bank. Since it represents the regular payment that you need to make every month or trimester, it is good to know if you can afford to pay without any problems.

If you have ever seen a payment schedule you must know that you need more than a pencil and a piece of paper to calculate the installment even if you know all the loan parameters. An alternative is to use programs such as Microsoft Excel which include functions that facilitate the calculation.

This tool allows you to easily determine the monthly payment without wasting time for creating formulas or looking for the required functions. You just need to enter the loan conditions such as the amount, interest, rate and payment number.

The result of the calculation is a payment schedule that displays the monthly payment until the loan is paid off. The details include the interest and loan capital that is paid at each installment as well as the remaining amount.

Although the program cannot be applied to all loan types, it allows you to estimate the installment for the ones with fixed interest and monthly payment. The result is automatically saved to a text file that can be sent by email or printed.

On the whole, Glocal is a fairly straightforward piece of software that can assist you in keeping track of your loans and managing your finances. The provided details such as the Effective Annual Rate should help you decide on which loan is better for your needs.