Show the repayment
before they apply.

An auto-financing site lets visitors work out what a loan would cost them each week, month or year, on the page, before anyone picks up the phone.

See the plugins See how it works

Guild financing Estimate

WeeklyMonthlyYearly

$498per month

Loan amount$24,000

Interest rate8.95%

Term5 years

Change the payment frequency and the repayment formula follows.

Illustrative experience

Four loan parameters, one formula
Weekly, monthly or yearly
Simple or amortized interest

The finished experience

The question everyone asks, answered on the page.

Visitors find out what the repayment would be without calling, and the ones who do call are asking about a figure they have already seen.

A good fit for
Lenders, brokers and dealerships whose first question is what it costs a month.

1

One calculated field, one formula

Collect the loan amount, interest rate, term and payment frequency as ordinary fields. Add an interest-type choice if visitors can switch between simple and amortized loans; the calculated Number field reads those inputs.

GP Advanced Calculations
2

Let the frequency do the dividing

Weekly, monthly and yearly are choices worth 52, 12 and 1, so the same formula covers all three instead of you building three calculators.

GP Advanced Calculations
3

Handle both kinds of interest

An if/else in the formula editor switches between simple and amortized interest, and round() keeps the result to a figure a visitor can read.

GP Advanced Calculations

Inspired by a real build

Spotlight: Building a Loan Calculator with GP Advanced Calculations June 2022 A behind-the-scenes look at the auto loan calculator James Roberts built for a financing site using Gravity Forms Advanced Calculations. Read the spotlight

What you’ll need.

Start with Gravity Forms. Add the capabilities this solution needs, then make the experience your own.

GP Advanced Calculations

Holds the repayment formula, with the functions, comparisons and if/else that Gravity Forms calculations alone do not have.

Explore GP Advanced Calculations

Taking it further

Add these optional plugins when your project calls for more.

Optional

GP Populate Anything

Optionally fills the interest rate from maintained Gravity Forms entries or other supported records. An external rate service needs its relevant Connection as well.

Explore GP Populate Anything

Before you start

The repayment formula, written once in the formula editor.
Numeric choice values on the term and frequency drop-downs, so the formula can read them.
Populate Anything only if the rate comes from your records; an API or Google Sheets rate source needs its own Connection.

Get this built.

A plan covers how many of our plugins you run at once, and on how many sites. Here is what this one needs.

Required

GP Advanced CalculationsPerks

Optional

GP Populate AnythingPerks

Gravity Perks Basic $59 /year

Covers this on one site. More sites need Advanced or Pro.

Gravity Perks Advanced $169 /year Taking the optional perk too makes it 2 in all, which needs Advanced.

See plans for this solution

Every plan renews at the same price, and you can upgrade any time for the difference.

Make it fit
your project.

Is the figure an offer?

No, and it should not read like one. Label it an estimate; the rate a customer is actually given still comes out of your application process.

Our rates change. Can the form fill the rate in?

Yes. Populate Anything can pull the current rate into the rate field from the records you maintain. If the rate lives in an API or a Google Sheet, that source needs its own Connection.

Do we have to work out the formula ourselves?

The customer started with a formula our support team wrote and the developer adjusted. Our loan calculator guide includes a conditional formula for simple and amortized interest; configure it for your terms and test the estimate against known examples.