## Introduction

Calculating the percentage of a bank loan is a crucial step in financial planning. Whether you’re a borrower trying to understand your repayment terms or a lender determining interest rates, a reliable calculator simplifies the process. In this article, we’ll provide you with a user-friendly HTML and JS code for a Bank Loan Percentage Calculator.

## How to Use

To utilize the calculator, follow these steps:

- Input the loan amount in the designated field.
- Enter the interest rate in percentage.
- Press the “Calculate” button to obtain the result.

## Formula

The formula for calculating the bank loan percentage is:

Interest=Loan Amount×Interest Rate100

## Example

Suppose you have a loan of $10,000 with an interest rate of 5%. The interest can be calculated as follows:

Interest=10,000×5100=500

The calculator will display the result, which in this case is $500.

## FAQ’s

**Q: Is the calculator applicable to any currency?**

A: Yes, the calculator can be used with any currency. Just enter the loan amount in the specified currency.

**Q: Can I input decimal values for the loan amount and interest rate?**

A: Absolutely. The calculator supports decimal values for precise calculations.

**Q: Is the result rounded to a specific decimal place?**

A: The result is rounded to two decimal places for clarity.

## Conclusion

This Bank Loan Percentage Calculator offers a simple yet effective tool for anyone dealing with financial calculations. Whether you’re a borrower or a lender, understanding the interest on a loan is crucial for making informed decisions.