I\'ve made a small calculator in javascript where users enter the interest rate and amount the they want to borrow, and it calculates how much of an incentive they might get
Note that you should use the correct DOM id to refer via getElementById. You can use the .replace() method for that:
var loan_amt = document.getElementById('loan_amt');
loan_amt.value = loan_amt.value.replace(/[^0-9]/g, '');
But that will remove float point delimiter too. This is an answer to your question, but not a solution for your problem. To parse the user input as a number, you can use parseFloat() - I think that it will be more appropriate.