# Loan Calculator
The **Loan Calculator** tab allows you to configure the default values and settings for calculating loan payments on vehicle listings. These settings give users an easy way to estimate monthly payments based on the vehicle price, interest rate, loan term, and down payment.
{% hint style="info" %}
The **Loan Calculator** option **is not available** in all **Classified Layouts**, **Rental**, and **Service** layouts.
{% endhint %}
## Loan Calculator Settings
You can reach the tab by following **Motors Plugin > Listing Page Details > Loan Calculator.** Here is the overview of the tab:
Overview of the Loan Calculator tab
**The loan amount is calculated via the following formula:**
$$
EMI=(P×r×(1+r) ^n
)/((1+r) ^n
−1)
$$
Where:
* **EMI** = Equated Monthly Installment
* **P** = Down payment amount
* **r** = Default Interest Rate
* **n** = Default Month Period
### **Default Interest Rate**
This setting allows you to define the default interest rate used in the loan calculations. The interest rate is expressed as a percentage and will be applied to all loan calculations unless modified by the user.
### **Default Loan Term**
Here, you can specify the default loan term in months. This determines the duration over which the loan will be paid.
### **Default Down Payment Method**
This setting allows you to choose the default method for calculating the down payment:
* **Static -** Users will enter a fixed amount for the down payment.
* **Percent -** The down payment will be calculated as a percentage of the vehicle's total price.
### **Down Payment Amount**
If you’ve selected the [**Static**](#default-down-payment-method) method, this field allows you to set the default down payment amount.
### **Down Payment Percent**
If you’ve selected the [**Percent**](#default-down-payment-method) method for the down payment, you can enter the percentage to be paid upfront.
## STM Single Car Calculator
To display the calculator on the **Dealer One/Two and Aircraft's** layouts first enable the **Show Calculator** option on the **Single Listing > Main** section. Then add the **STM Single Car Calculator** element to the page template.
On the **Classified One/Two/Three/Four, Boats and Magazine** layouts there **is no** **Show Calculator** option. Just include the **STM Single Car Calculator** element o the page template as above or include the **STM Single Car Calculator widget** to the single listing sidebar under the **Appearance > Widgets** section to display the loan calculator.
On the **Motorcycles** and **Equipment** layouts, it is enough to enable the **Show Calculator** option on the **Single Listing > Main** section. The loan calculator button will be added automatically and **displayed as a pop-up modal**, there is no need to add any widget to display it.
{% hint style="info" %}
The STM Single Car Calculator automatically takes the listing price, counts all the loan payments, and displays them in the calculator area.
{% endhint %}
{% tabs %}
{% tab title="STM Single Car Calculator View" %}
{% endtab %}
{% tab title="Loan Calculator on Motorcycles/Equipment" %}
.gif?alt=media\&token=f7d91f2b-36cc-45ee-ac7f-73cdc1bb17a9)
{% endtab %}
{% endtabs %}
## STM Auto Loan Calculator
Also, there is an **STM Auto Loan Calculator element. This is a simple** calculator that calculates auto loans. You can write the required price of the product and calculate the loan conditions.
---
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