Repayment Calculation API

Precisely create loan repayment schedules with the Repayment Calculator API.

About the API:  

The Repayment Calculation API is designed to assist developers in creating applications that generate comprehensive loan repayment schedules. Whether you're building a financial planning tool, a banking interface, or a loan management system, this API offers essential features to accurately calculate and display loan repayment schedules.

A key feature of the Repayment Calculation API is its ability to produce detailed loan amortization schedules based on parameters provided by the user. Users can input critical loan details such as principal amount, interest rate, loan term, and repayment frequency to generate an accurate repayment schedule. This functionality helps users break down their loan payments, including the allocation of principal and interest over time.

When it comes to integration, the Repayment Calculation API ensures smooth and easy integration into applications. With its straightforward endpoint and clear documentation, users can quickly implement the API into their systems with minimal effort.

At its core, the Repayment Calculation API offers a powerful set of tools for developing applications with full loan repayment functionality. With precise calculations, customizable options, and easy integration, the API enables users to create innovative financial solutions for various lending and financial service applications.

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/5456/repayment+calculation+api/7079/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

       
                                                                                                        
                                                                                                                                                                                                                            [{"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}]
                                                                                                                                                                                                                    
                                                                                                    

Calculate Payments - CODE SNIPPETS


curl --location --request GET 'https://zylalabs.com/api/5456/repayment+calculation+api/7079/calculate+payments?annualInterestRate=5&startDate=2023-06-15&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 Repayment 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 Repayment Calculation API designed to help users build applications that offer comprehensive loan amortization schedules.

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The API uses API keys for authentication. To access the API, include your API key in the request header. The API key is provided upon registration and should be kept secure.

The Repayment Calculation API provides loan details, including payment dates, interest, principal, total payment, and remaining balance.

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 Service Level
100%
 Response Time
1,433ms

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