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Loan calculator (aimed at low income students in western countries)

This is script to run a financial calculator in a local hmtl file.

You input different variables and change the sliders to adapt to your specific situation.

You are able to see a breakdown of your expenses, remaining income, loan repayment and other variables.

There are three graph, showing (1) the schedule of your repayment, (2) your salary breakdown and finally (3) the amount of interest on the loan until it has been repayed.

This code is in a python notebook format. So run-all once and then click the markdown at the bottom (link to local file). This will open a page in your web browser with the calculator.

Make sure you do not run it multiple times as this will slow down the efficiency of the calculations.

Resources

DUO. (n.d.). Interest in loans- DUO. Duo.nl. https://duo.nl/particulier/interest.jsp

Forbes, & Campisi, N. (2024). Americans’ Average Grocery Costs—And How You Can Put Food On The Table For Less  – Forbes Advisor. Www.forbes.com. https://www.forbes.com/advisor/personal-finance/grocery-costs-monthly-average/

Hanson, M. (2021, October 29). Average Student Loan Interest Rate in 2021. EducationData. https://educationdata.org/average-student-loan-interest-rate

O’Neill, A. (2024, April 10). Global inflation rate 2012-2022 | Statista. Statista; Statista. https://www.statista.com/statistics/256598/global-inflation-rate-compared-to-previous-year/