Loan Calculator + app for iPhone and iPad

4.8 ( 6608 ratings )

Business Finance
Developer: MH Riley Ltd

1.99 USD

Current version: 1.9, last update: 5 years ago
First release : 23 Jun 2011
App size: 30.09 Mb

*** Featured by Apple as Whats Hot ***

Loan Calculator has one aim - To SAVE YOU MONEY on your loan!

If youre taking out a loan, looking to organise your loans, or want to pay off your loan early, then this is the perfect app for you.

Try out various What-If scenarios and quickly see how extra payments can save you a whole lot of time and money. You can enter any number of Monthly, Yearly or One Off extra payments, at any period during the loan. Then watch the total length and cost go down. You may be surprised by just how much!

Easily visualise your cost savings in the simple and interactive charts. Just slide your finger along to see the costs for each year.

5-Stars - "...beautiful, simple graphs which make tricky decisions a whole lot easier."

5-Stars - "...really helped me to compare the different loan deals"

*** Features ***
--------------------
Visualise loan costs in simple, interactive charts:

√ Organise any number of loans
√ Support for mortgages, car loans, credit cards and many more
√ See money saving effect of regular or one off Extra Payments
√ Variable Rates support
√ Calculate the True Cost, by including Tax, Insurance etc
√ Email a PDF or HTML of the loan details
√ Takes into account PMI for mortgages
√ Monthly breakdown of costs (Amortization)
√ Full support for fixed Initial Rates e.g. interest free for 6 months
√ Try out various What-If scenarios
√ Charts allow easy visualisation of the costs
√ Make an informed choice by comparing loans
√ Extra payments can Reduce Term or Reduce Payments
√ Support for Repayment or Interest Only
√ Set of quick calculators for instant answers
√ Backup & Restore via Dropbox
√ Passcode protection
√ Elegant, simple and powerful user interface

Pros and cons of Loan Calculator + app for iPhone and iPad

Loan Calculator + app good for

This is a great app to determine if you are able to carry a debt load and flexible enough to readjust any variables in case your situation should change in the future.

I love to organize my debts and this app is the best one so far! Love the options on extra payments and its easy to use

The only app that motivates me to make extra payments on my loan...

Works as described. Like the email functionality but would love to be able to print from the app.

Some bad moments

Dont buy it. You lost a money. App crashes 10 times in 10 minutes. it is true. When I tap any button app crashes at any time

I had a couple of issues where extra payments would cause the "interest saved" value to be wrong. I contacted the developer and he was very prompt with his response to my concerns. Turns out this was a known bug and had already been fixed for the next update. I just installed that update (1.4) and all is good! The developer was also very interested in suggestions for changes to the app. A couple of which were also incorporated into the latest release (again 1.4). Im not the CEO of a major bank but this app covers what Im trying to do. Not all apps can be all things to all people. Overall, Im happy with the app, the support and the purchase price.

The app does what it says. Also found the down payment option. Kind of wish the ui matched the really great logo icon.

I bought 3 similar apps and deleted the other 2... I am a Realtor and my clients love the way it shows them all the different scenarios. Fun and informative.

Great for figuring out any possible payment scenario with as many extra payments as youd like!! Great tool for anyone looking to purchase anything that requires a bank loan

Great app. I have had other calculators, and this one does more than the rest. The extra payment function is great to play around with. Great job!

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