var request_amount = parseFloat(document.getElementById(‘request_amount’).value) || 0;\n var approval_rate = parseFloat(document.getElementById(‘approval_rate’).value) || 0;\n var interest_rate = parseFloat(document.getElementById(‘interest_rate’).value) || 0;\n var loan_term = parseFloat(document.getElementById(‘loan_term’).value) || 0;\n\n var approved_amount = request_amount * (approval_rate / 100);\n var monthly_payment = (approved_amount * (interest_rate / 100)) / (1 – Math.pow(1 + (interest_rate / 100), -loan_term));\n\n document.getElementById(‘approved_amount’).value = approved_amount.toFixed(2);\n document.getElementById(‘monthly_payment’).value = monthly_payment.toFixed(2);\n}\n\nfunction reset_calculator() {\n document.getElementById(‘request_amount’).value = 50000;\n document.getElementById(‘approval_rate’).value = 60;\n document.getElementById(‘interest_rate’).value = 5;\n document.getElementById(‘loan_term’).value = 5;\n calculate_loan_approval();\n}\n\nwindow.onload = function () {\n reset_calculator();\n};\n\nfunction copy_results() {\n var approved_amount = document.getElementById(‘approved_amount’).value;\n var monthly_payment = document.getElementById(‘monthly_payment’).value;\n var text = ‘Approved Amount: $’ + approved_amount + ‘\\nMonthly Payment: $’ + monthly_payment;\n navigator.clipboard.writeText(text).then(function () {\n var copyBtn = document.getElementById(‘copyBtn’);\n var originalText = copyBtn.textContent;\n copyBtn.textContent = ‘Copied!’;\n setTimeout(function () {\n copyBtn.textContent = originalText;\n }, 2000);\n }).catch(function (err) {\n console.error(‘Failed to copy text: ‘, err);\n });\n}\n\nwindow.addEventListener(‘load’, calculate_loan_approval);\n\n\n\n\n
Loan Approval Calculator
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