Using the Standalone Pawnbroker Interest Calculator & History
Simulate interest scenarios for walk-in customers, compare monthly percentage versus daily calculations, and review saved calculation history.
Step-by-Step Instructions
Launch Standalone Calculator
Open the Calculator tab from the bottom navigation or quick shortcuts.
Enter Principal Amount & Monthly Rate
Input the hypothetical loan principal (e.g. ₹50,000) and the monthly interest rate (e.g. 1.5% or 2.0% per month).
Select Tenure or Date Range
Specify the duration in months or pick start and end dates to compute exact calendar days elapsed.
Review Calculation Breakdown
Inspect the monthly interest, daily interest rate, total accumulated interest, and total redemption due.
Access Calculation History
Tap 'History' to view previously saved calculation simulations stored in the local `calc_history` database table.
Expected Outcome
Instant, error-free interest quotes for walk-in customers without creating an active loan transaction in your shop records.
Important Points & Common Pitfalls
- Assuming 30-day fixed months instead of calendar day accuracy when computing final day-exact settlements.