Loan Calculator

RK Apps

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About this app

This App offers the following calculators for both Android Mobile Phones & Tablets.


(1) Loan Calculator (Mortgage Calculator)

(2) Advanced Loan Calculator (Advanced Mortgage Calculator)

(3) Compound Interest Calculator (Future Value Calculator)

(4) Simple Interest Calculator


LOAN CALCULATOR - FEATURES:

* Reverse Loan calculations (find out one of Loan amount, Interest rate, Loan term or Monthly repayment given the other 3 values)

* Make Pre-payments (Extra Repayments) and find out interest savings, loan term reduction

* Input Interest rate (%) changes and find out impact on monthly repayment, loan term

* Loan Offset Account saves the interest you pay. Helps to pay off loan faster

* Repayment Holiday (interest only) period calculations

* Track various Loan expenses such as Fees, Insurance, Tax, Maintenance charges, etc

* Save loan calculations


COMPOUND INTEREST CALCULATOR - FEATURES:

* Calculates positive & negative amounts

* Calculates simple and compound interest for lump sum deposit/withdraw, regular deposit/withdraw & both

* Various deposit/withdraw frequencies - Daily, Weekly, Fortnightly, Monthly, Bi-Monthly, Quarterly, Thrice-Yearly, Half-Yearly & Yearly

* Ability to increase or decrease the regular Deposit/Withdraw amount every year by a certain amount or percentage

* Ability to specify a particular Term (duration) for regular Deposit/Withdraw irrespective of the Total Term

* Various Compounding frequencies - Daily, Weekly, Fortnightly, Monthly, Bi-Monthly, Quarterly, Thrice-Yearly, Half-Yearly & Yearly

* Positive(+) or negative(-) Interest Rate (%) helps in calculating Profit or Loss scenarios

* Displays Maturity Amount, Total Amount Deposited & Total Interest Earned

* Yearly and Monthly reports in a tabular format show how your investments are growing

* You can E-mail both yearly and monthly reports

* You can visualise results through intuitive Graph & Chart

* Contains in-built User Guide

* Handles very large numbers


USER INTERFACE FEATURES:

* Elegant Material Design Theme

* Easy to use interface with Tabs

* App works on Phones & Tablets

* Basic & Advanced calculations modes

* Calculates in no time

* Light weight & loads quickly


BENEFITS TO USERS:

* FREE App (100% full features)

* App is generic and it is suitable for people of all Countries

* No prior finance knowledge required

* Helps you take informed decisions about your finance

* Saves you a lot of time, effort & money

* Used for investments, financial planning, budgeting, accounting, studies, research & more

* Suitable for individuals, financial planners, accountants, brokers, students, research analysts, etc


DISCLAIMER:
Kindly consider this calculator as guidance only. Investors are required to make their own assessment before investing.

Ratings and reviews

I've tried multiple loan and interest calculators and this one is by far the best. I was looking for extra options like, "how many months will I save by contribution an X amount more?" or, "what's the yearly breakdown of interest vs. principal paid?", etc. this calculator had a lot of thought put into it. I have no doubts the developers or the team has financial systems background, due to the level of details and the things you would think, "i wonder if this will calculate (that)?" and it does!

Fantastic and simple. One thing I'd like to see included is adding an additional savings metric with the compound interest. For instance, I'll save a certain amount every month but also, I'll deposit my tax return every year as well. So an additional field to enter an amount and a time, similar to additional payments on your mortgage. Thank you.

App is great but kindly add % of all time interest rate to be paid in report. Like I take loan for 1 year of 100,000 on emi 6% interest rate And I have to pay total 3279 interest overall which is equal to 3.2% interest overall. This must be show in below of report or on front. It will help people alot.

What's new

(1) Upgraded Android OS and other related system components to their latest versions

(2) Minor improvements

(3) Fixed minor issues

(4) This App has completed 10 years in July-2024. Thank you so much for your support!