API Layer vs Zyla API Hub: Finance & Payments API Comparison

Understanding the APIs

• Payment Planner API
• Financing Calculation API
• Loan Calculation API
• Repayment Calculator API
• Loan Amortization Calculator API
• Forex API
• Interests Calculator API
• Currency Calculation API

Payment Planner API

Payment Planner API is designed to empower developers to create applications that offer comprehensive loan payment schedules. This API is essential for financial planning tools, banking interfaces, and loan management systems.

Key Features and Capabilities

{
    "annual_interest": 5.0,
    "start_date": "2023-01-01",
    "installments": 12,
    "principal": 10000
}

[
    {"date":"2023-02-01","interest":41.67,"principal":856.07,"payment":897.74,"balance":9143.93},
    {"date":"2023-03-01","interest":38.93,"principal":858.81,"payment":897.74,"balance":8285.12}
]

Frequently Asked Questions

Q: What types of information are available through the Calculate Payments endpoint?

Q: How can users effectively utilize the returned data?

Payment Planner API? Try the API playground to experiment with requests.

Financing Calculation API

Financing Calculation API is engineered to assist developers in creating applications that furnish comprehensive loan amortization schedules. This API is particularly useful for financial planning tools and banking platforms.

Key Features and Capabilities

{
    "annual_interest": 4.5,
    "start_date": "2023-01-01",
    "installments": 24,
    "principal": 5000
}

[
    {"date":"2023-02-01","interest":18.75,"principal":215.62,"payment":234.37,"balance":4784.38},
    {"date":"2023-03-01","interest":17.92,"principal":216.25,"payment":234.17,"balance":4568.13}
]

Frequently Asked Questions

Q: What are typical use cases for this data?

Q: How can users customize their data requests?

Financing Calculation API? View the integration guide for step-by-step instructions.

Loan Calculation API

Loan Calculation API is designed to help developers create applications that offer comprehensive loan amortization schedules. This API is essential for financial planning applications and banking platforms.

Key Features and Capabilities

{
    "annual_interest": 6.0,
    "start_date": "2023-01-01",
    "installments": 36,
    "principal": 15000
}

[
    {"date":"2023-02-01","interest":75.00,"principal":450.00,"payment":525.00,"balance":14550.00},
    {"date":"2023-03-01","interest":72.19,"principal":452.81,"payment":525.00,"balance":14097.19}
]

Frequently Asked Questions

Q: How can users effectively utilize the returned data?

Q: What types of information are available through the endpoint?

Loan Calculation API? View the integration guide for step-by-step instructions.

Repayment Calculator API

Repayment Calculator API is designed to assist developers in creating applications that provide complete loan repayment schedules. This API is essential for financial planning tools and banking interfaces.

Key Features and Capabilities

{
    "annual_interest": 5.5,
    "start_date": "2023-01-01",
    "installments": 12,
    "principal": 20000
}

[
    {"date":"2023-02-01","interest":91.67,"principal":1,708.33,"payment":1,800.00,"balance":18,291.67},
    {"date":"2023-03-01","interest":76.25,"principal":1,723.75,"payment":1,800.00,"balance":16,567.92}
]

Frequently Asked Questions

Q: What types of information are available through the Calculate Payments endpoint?

Q: How can users effectively utilize the returned data?

Repayment Calculator API? View the integration guide for step-by-step instructions.

Loan Amortization Calculator API

Loan Amortization Calculator API is designed to calculate the repayment installments for any loan. This API is essential for applications that require detailed amortization schedules.

Key Features and Capabilities

{
    "principal": 10000,
    "annual_interest": 5.0,
    "loan_term": 12
}

[
    {"date":"2023-02-01","interest":41.67,"principal":856.07,"payment":897.74,"balance":9143.93},
    {"date":"2023-03-01","interest":38.93,"principal":858.81,"payment":897.74,"balance":8285.12}
]

Frequently Asked Questions

Q: What are typical use cases for this API?

Q: How can users effectively utilize the returned data?

Loan Amortization Calculator API integration? Read our technical guides for implementation tips.

Forex API

Forex API provides access to real-time exchange rates for over 190 currencies. This API is crucial for applications that require accurate currency conversions and financial transactions.

Key Features and Capabilities

{}

{
    "bs": "USD",
    "ts": 1692112793,
    "rt": {
        "EUR": 0.9147,
        "GBP": 0.7845,
        "JPY": 110.25
    }
}

Frequently Asked Questions

Q: How is data accuracy maintained?

Q: What types of information are available through each endpoint?

Forex API? Check out the API documentation to get started.

Interests Calculator API

Interests Calculator API allows developers to easily incorporate compound interest calculations into their applications. This API is essential for financial planning tools.

Key Features and Capabilities

{
    "initial_investment": 5000,
    "annual_contribution": 1000,
    "duration": 5,
    "interest_rate": 5.5
}

{
    "apy": "5.61%",
    "compound_interest": "€258.49",
    "investment_returns": "€4862.55"
}

Frequently Asked Questions

Q: How can users effectively utilize the returned data?

Interests Calculator API? Try the API playground to experiment with requests.

Currency Calculation API

Currency Calculation API facilitates seamless real-time currency conversion calculations. This API is crucial for applications requiring swift and precise exchange rate computations.

Key Features and Capabilities

{
    "from": "USD",
    "to": "EUR",
    "amount": 10
}

{
    "success": true,
    "result": {
        "from": "USD",
        "to": "EUR",
        "amountToConvert": 10,
        "convertedAmount": 9.52
    }
}

Frequently Asked Questions

Q: What parameters can be used with the conversion endpoint?

Q: How can users customize their data requests?

Currency Calculation API? View the integration guide for step-by-step instructions.

Conclusion