The loan calculator block allows users to calculate loan parameters. Given the interest rate, repayment frequency and two of three other parameters (amount of loan, repayment amount and loan term), the block calculates the third parameter.

Sounds cool, right?

• The block had been part of standard Moodle distribution since 2005, originally as blocks/student_loan_calc.
• It was removed from core in 2010 (MDL-18011) and Moodle 2.0 was released without it, leading to strong emotions in the community.
• In 2013, Arnaud Trouvé updated it to work with Moodle 2.x.
• On 1st April 2016, David Mudrák published a fresh new version compatible with Moodle 3.0, using the cutting edge Moodle development technology (AMD, Mustache) and this new version was available at moodle.org's English community page.