The Payment Planner API is designed to empower users to create applications that offer complete loan payment schedules. Whether you are building a financial planning tool, banking interface, or loan management system, this API offers essential functionality for accurate calculation and visualization of loan repayment schedules.
A notable feature of the Payment Planner API is its ability to generate complex loan amortization schedules based on user-defined parameters. Users can enter vital loan details such as principal amount, interest rate, loan term and payment frequency to accurately calculate the payment schedule. This functionality helps users understand the breakdown of their loan payments over time, covering the distribution of principal and interest components.
In terms of integration, the Payment Planner API presents seamless integration paths for users. With its easy-to-use endpoint and comprehensive documentation, users can integrate the API into their applications effortlessly and with minimal hassle.
Basically, the Payment Planner API provides users with a robust set of tools to develop applications with complete loan payment functionality. With its precise calculations, adaptable customization options, and easy integration capabilities, the API enables users to create innovative financial applications tailored to the diverse needs of users within the realm of lending and financial services.
It will receive parameters and provide you with a JSON.
Besides the number of API calls, there is no other limitation.
To use this endpoint you must indicate the annual interest, start date, installments and principal amount in the parameters.
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 |
[{"date":"2023-06-15","interest":41.666666666666664,"principal":814.4081512180071,"payment":856.0748178846737,"balance":9185.591848781993},{"date":"2023-07-15","interest":38.27329936992497,"principal":817.8015185147488,"payment":856.0748178846737,"balance":8367.790330267244},{"date":"2023-08-15","interest":34.86579304278018,"principal":821.2090248418936,"payment":856.0748178846737,"balance":7546.58130542535},{"date":"2023-09-15","interest":31.444088772605625,"principal":824.6307291120681,"payment":856.0748178846737,"balance":6721.950576313282},{"date":"2023-10-15","interest":28.00812740130534,"principal":828.0666904833683,"payment":856.0748178846737,"balance":5893.883885829913},{"date":"2023-11-15","interest":24.557849524291306,"principal":831.5169683603824,"payment":856.0748178846737,"balance":5062.366917469531},{"date":"2023-12-15","interest":21.093195489456377,"principal":834.9816223952173,"payment":856.0748178846737,"balance":4227.385295074313},{"date":"2024-01-15","interest":17.61410539614297,"principal":838.4607124885308,"payment":856.0748178846737,"balance":3388.9245825857824},{"date":"2024-02-15","interest":14.120519094107427,"principal":841.9542987905663,"payment":856.0748178846737,"balance":2546.9702837952163},{"date":"2024-03-15","interest":10.612376182480068,"principal":845.4624417021937,"payment":856.0748178846737,"balance":1701.5078420930226},{"date":"2024-04-15","interest":7.0896160087209275,"principal":848.9852018759528,"payment":856.0748178846737,"balance":852.5226402170698},{"date":"2024-05-15","interest":3.552177667571124,"principal":852.5226402171027,"payment":856.0748178846737,"balance":-3.285549610154703e-11}]
curl --location --request GET 'https://zylalabs.com/api/3820/payment+planner+api/4437/calculate+payments?annualInterestRate=5&startDate=2023-06-15&installmentCount=12&principalAmount=10000' --header 'Authorization: Bearer YOUR_API_KEY'
Header | Description |
---|---|
Authorization
|
[Required] Should be Bearer access_key . See "Your API Access Key" above when you are subscribed. |
No long term commitments. One click upgrade/downgrade or cancellation. No questions asked.
Users must indicate the annual interest rate, start date, installment count and principal amount in order to use this API.
The Payment Planner API designed to help users build applications that offer comprehensive loan amortization schedules.
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