Loan Calculation API

Loan Calculation API

Calculate loan amortization schedules accurately with the Loan Calculation API.

API description

About the API:  

The Loan Calculation API designed to help users create applications that offer comprehensive loan amortization schedules. Whether you are building a financial planning application, a banking platform or a loan management system, this API provides essential functionality to accurately calculate and visualize loan amortization schedules.

One of the key features of the Loan Calculation API is its ability to generate detailed loan amortization schedules based on user-entered parameters. Users can specify essential loan details such as principal amount, interest rate, loan term and amortization frequency to calculate the amortization schedule accurately. This allows users to understand the breakdown of their loan payments over time, including the distribution of principal and interest components.

In terms of integration, the Loan Calculation API offers seamless integration options for users. With its straightforward endpoint and comprehensive documentation, users can quickly integrate the API into their applications with minimal effort.

In summary, the Loan Calculation API provides users with a robust set of tools for building applications that offer complete loan amortization functionality. With its accurate calculations, flexible customization options and seamless integration capabilities, the API enables users to create innovative financial applications that meet the diverse needs of users in the lending and financial services industry.

 What this API receives and what your API provides (input/output)?

It will receive parameters and provide you with a JSON.

 

What are the most common uses cases of this API?

  1. Financial planning applications: Integrate the API to enable users to calculate loan repayment terms and plan their finances effectively.

    Banking platforms: Incorporate the API to provide loan repayment capabilities so customers understand their repayment obligations.

    Loan management systems: Use the API to generate comprehensive loan schedules and manage repayment activities efficiently.

    Mortgage calculators: Integrate the API to provide users with information on their mortgage amortization schedules and total interest payments.

    Personal finance tools: Incorporate the API to enable users to assess the impact of loan repayments on their overall financial health.

Are there any limitations to your plans?

Besides the number of API calls, there is no other limitation.

API Documentation

Endpoints


To use this endpoint you must indicate the annual interest, start date, installments and principal amount in the parameters.



                                                                            
GET https://zylalabs.com/api/3659/loan+calculation+api/4122/calculate+payments
                                                                            
                                                                        

Calculate Payments - Endpoint Features
Object Description
annualInterestRate [Required] Indicates anual interest rate
startDate [Required] Indicates start date
installmentCount [Required] Indicates payment installments
principalAmount [Required] Indicates an amount
Test Endpoint

API EXAMPLE RESPONSE

       
                                                                                                        
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Calculate Payments - CODE SNIPPETS


curl --location --request GET 'https://zylalabs.com/api/3659/loan+calculation+api/4122/calculate+payments?annualInterestRate=5&startDate=2023-05-15&installmentCount=12&principalAmount=10000' --header 'Authorization: Bearer YOUR_API_KEY' 

    

API Access Key & Authentication

After signing up, every developer is assigned a personal API access key, a unique combination of letters and digits provided to access to our API endpoint. To authenticate with the Loan Calculation API REST API, simply include your bearer token in the Authorization header.

Headers

Header Description
Authorization [Required] Should be Bearer access_key. See "Your API Access Key" above when you are subscribed.


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Users must indicate the annual interest rate, start date, installment count and principal amount in order to use this API.

The Loan Calculation API designed to help users build applications that offer comprehensive loan amortization schedules.

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Zyla provides a wide range of integration methods for almost all programming languages. You can use these codes to integrate with your project as you need.

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 Service Level
100%
 Response Time
235ms

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