# Loan Financing Program for Multiple Borrowers with user-input

interest rate

def collect_user_data():
print("\nEnter personal information:")
name = input("Full Name: ")
national_id = input("National ID: ")
sector = input("Employment Sector: ")
monthly_salary = float(input("Monthly Salary: "))

return {
"name": name,
"national_id": national_id,
"sector": sector,
"monthly_salary": monthly_salary
}

def get_loan_details():
print("\nLoan Details:")
loan_amount = float(input("Desired Loan Amount: "))

print("Choose Loan Duration (months): 12, 24, 36, 48, 60")

while True:
duration = int(input("Loan Duration (months): "))
if duration in [12, 24, 36, 48, 60]:
break
else:
print("Invalid duration. Please choose 12, 24, 36, 48, or 60
months.")

return loan_amount, duration

def calculate_simple_interest(loan_amount, duration,

annual_interest_rate):
total_interest = loan_amount * (annual_interest_rate / 100) *
(duration / 12)
 total_amount = loan_amount + total_interest
monthly_payment = total_amount / duration

return monthly_payment, total_interest

def calculate_compound_interest(loan_amount, duration,

annual_interest_rate):
monthly_rate = annual_interest_rate / 12 / 100
total_amount = loan_amount * ((1 + monthly_rate)^duration)
total_interest = total_amount - loan_amount
monthly_payment = total_amount / duration
return monthly_payment, total_interest

def main():
borrowers = []

num_borrowers = int(input("Enter the number of borrowers: "))

annual_interest_rate = float(input("Enter the annual interest rate
(%): "))

print("Choose interest type:")

print("1. Simple Interest")
print("2. Compound Interest")
while True:
interest_choice = input("Enter 1 or 2: ")
if interest_choice in ['1', '2']:
break
else:
print("Invalid choice. Please enter 1 or 2.")

for i in range(num_borrowers):
print(f"\n--- Borrower {i + 1} ---")
user_data = collect_user_data()
loan_amount, duration = get_loan_details()

if interest_choice == '1':
monthly_payment, total_interest =
calculate_simple_interest(loan_amount, duration, annual_interest_rate)
 interest_type = "Simple"
else:
monthly_payment, total_interest =
calculate_compound_interest(loan_amount, duration,
annual_interest_rate)
interest_type = "Compound"

borrower_info = {
"user_data": user_data,
"loan_amount": loan_amount,
"duration": duration,
"monthly_payment": monthly_payment,
"total_interest": total_interest,
"annual_interest_rate": annual_interest_rate,
"interest_type": interest_type
}

borrowers.append(borrower_info)

print("\n*** Loan Summaries for All Borrowers ***")

for idx, borrower in enumerate(borrowers, 1):
print(f"\n--- Borrower {idx} ---")
print(f"Name: {borrower['user_data']['name']}")
print(f"National ID: {borrower['user_data']['national_id']}")
print(f"Sector: {borrower['user_data']['sector']}")
print(f"Monthly Salary: {borrower['user_data']
['monthly_salary']:.2f}")
print(f"Loan Amount: {borrower['loan_amount']:.2f}")
print(f"Loan Duration: {borrower['duration']} months")
print(f"Annual Interest Rate: {borrower['annual_interest_rate']}
%")
print(f"Interest Type: {borrower['interest_type']}")
print(f"Total Interest: {borrower['total_interest']:.2f}")
print(f"Monthly Installment (including interest):
{borrower['monthly_payment']:.2f}")

if __name__ == "__main__":
main()
Explanation of Python program :

 Function: collect_user_data():

def collect_user_data():

// Defines a function to collect user (borrower) personal

information.

 print("\nEnter personal information:")

// This to displays a prompt to inform the user to enter their

personal data.

 name = input("Full Name: ")

national_id = input("National ID: ")
sector = input("Employment Sector: ")
monthly_salary = float(input("Monthly Salary: "))

// Takes input for name, national ID, employment sector, and

Monthly Salary.

 monthly_salary = float(input("Monthly Salary: "))

// Takes the monthly salary and converts it to a float (decimal

number).

 return {
"name": name,
"national_id": national_id,
"sector": sector,
"monthly_salary": monthly_salary
}

// Returns a dictionary containing all the collected user data.

 Function: get_loan_details():
 def get_loan_details():

// Defines a function to collect loan details from the user.

 print("\nLoan Details:")

// Displays a header for the loan details section.

 loan_amount = float(input("Desired Loan Amount: "))

// Takes the desired loan amount and converts it to a float.

 print("Choose Loan Duration (months): 12, 24, 36, 48, 60")

// Shows the allowed loan durations.

 while True:
duration = int(input("Loan Duration (months): "))
if duration in [12, 24, 36, 48, 60]:
break
else:
print("Invalid duration. Please choose 12, 24, 36, 48, or 60
months.")

// Continuously prompts the user until they enter a valid loan

duration.

 return loan_amount, duration

// Returns the loan amount and duration.

 Function: calculate_simple_interest()

def calculate_simple_interest(loan_amount, duration,

annual_interest_rate):

// Defines a function to calculate simple interest.

 total_interest = loan_amount * (annual_interest_rate / 100) *
(duration / 12)

// Calculates the total interest using the simple interest formula.

 total_amount = loan_amount + total_interest

 monthly_payment = total_amount / duration

// Calculates the total amount to repay and the monthly

installment.

 return monthly_payment, total_interest

// Returns the monthly payment and total interest.

 Function: calculate_compound_interest()

def calculate_compound_interest(loan_amount, duration,

annual_interest_rate):

// Defines a function to calculate compound interest.

 monthly_rate = annual_interest_rate / 12 / 100

// Converts annual interest rate to monthly decimal rate.

 total_amount = loan_amount * ((1 + monthly_rate)^duration)

// Applies the compound interest formula.

 total_interest = total_amount - loan_amount

monthly_payment = total_amount / duration

// Calculates total interest and monthly payment.

 return monthly_payment, total_interest

// Returns the monthly payment and total interest.

 Function: main()
 def main():
// Defines the main function to execute the overall program logic.
 borrowers = []
// Initializes an empty list to store data for all borrowers.

 num_borrowers = int(input("Enter the number of borrowers: "))

 annual_interest_rate = float(input("Enter the annual interest rate
(%): "))

// Collects the number of borrowers and the annual interest rate.

 print("Choose interest type:")

print("1. Simple Interest")
print("2. Compound Interest")

// Prompts user to choose between interest types.

 while True:
interest_choice = input("Enter 1 or 2: ")
if interest_choice in ['1', '2']:
break
else:
print("Invalid choice. Please enter 1 or 2.")

// Validates the interest type input.

 for i in range(num_borrowers):

// Loops through each borrower.

 print(f"\n--- Borrower {i+1} ---")

user_data = collect_user_data()
loan_amount, duration = get_loan_details()

// Displays borrower index, collects personal and loan details.

 if interest_choice == '1':
monthly_payment, total_interest =
calculate_simple_interest(loan_amount, duration, annual_interest_rate)
 interest_type = "Simple"
else:
monthly_payment, total_interest =
calculate_compound_interest(loan_amount, duration,
annual_interest_rate)
interest_type = "Compound"

// Calculates interest based on chosen method.

 borrower_info = {
"user_data": user_data,
"loan_amount": loan_amount,
"duration": duration,
"monthly_payment": monthly_payment,
"total_interest": total_interest,
"annual_interest_rate": annual_interest_rate,
"interest_type": interest_type
}

// Organizes all the borrower's data in a dictionary.

 borrowers.append(borrower_info)

// Adds this borrower's data to the list.

 Print Loan Summaries

print("\n*** Loan Summaries for All Borrowers ***")

// Displays header for loan summary section.

 for idx, borrower in enumerate(borrowers, 1):

// Loops through each borrower for summary display.

print(f"\n--- Borrower {idx} ---")

print(f"Name: {borrower['user_data']['name']}")
print(f"National ID: {borrower['user_data']['national_id']}")
 print(f"Sector: {borrower['user_data']['sector']}")
print(f"Monthly Salary: {borrower['user_data']
['monthly_salary']:.2f}")
print(f"Loan Amount: {borrower['loan_amount']:.2f}")
print(f"Loan Duration: {borrower['duration']} months")
print(f"Annual Interest Rate: {borrower['annual_interest_rate']}
%")
print(f"Interest Type: {borrower['interest_type']}")
print(f"Total Interest: {borrower['total_interest']:.2f}")
print(f"Monthly Installment (including interest):
{borrower['monthly_payment']:.2f}")

// All above to Prints formatted loan and personal info for each
borrower.

 Execution Entry Point

if __name__ == "__main__":

main()

// Ensures the main() function runs only when the script is executed
directly, not when imported as a module.