BankProfit 💶 is a joint project by Dr. Christian Sievi (financial modeling and business management requirements)
https://www.dr-sievi.de/uebersicht/bankprofit/
and Volker Erich Sachs
https://www.sachs-box.de/bank-profit.html
(app development, Java programming) for smartphones and tablets using the Android mobile operating system.
▪️New from BankProfit 💶 2.0:
The download of interest rates 📈📉 from the Deutsche Bundesbank (call money, 1-month, 3-month, 6-month, 1- to 20-year terms) and the calculation after changing the input data for loans are now automatic, without the need to manually initiate a button 😎👍🏻
With the help of the BankProfit 💶 app, the user is able to determine and compare the bank's returns 🏦💰 for a loan offer (interest, repayment, remaining balance, margin in € and % p.a., costs, and profit before and after costs) using the present value market interest rate method, incorporating the current interest rate structure 📈📉 of the Deutsche Bundesbank as a neutral benchmark. 🔎🗒️
BankProfit 💶 is a comparison program for customers! It is based on uniformly set assumptions and uniformly assumed flat-rate cost structures. It is not suitable for use in banks' calculations.
🌟Highlights of the BankProfit app 💶 with the following features:
▪️Comparison program for the customer 😉
▪️Calculation basis: Interest rate structure 📈📉 of the Deutsche Bundesbank for Pfandbriefe (automatically downloaded during input) according to the bank's offer date (coverable portion) and premium for the uncovered portion
▪️Calculation of the margin present value and percentage margin after costs 🧮 and other important loan data such as remaining balance, effective interest rate, etc.
▪️Tips for improving the offer 📝
▪️Day-accurate 📅 repayment plan 📊 with detailed proof of profit calculation 💰💸
▪️Calculation of the subsequent installment after the end of the fixed interest period, assuming the subsequent interest rate
▪️Save 💾, Download 📂 to the archive🗄️ and share 📤 the loan calculations or in HTML and CSV format for printing or as proof to your bank as a basis for negotiating more favorable loan terms.
▪️ No annoying ads or video overlays 🙂
▪️ Look forward to future developments 💡 with new features ⚙️🔧...
⚠️ No liability is assumed for the mathematical accuracy of the calculations and results obtained using the BankProfit 💶 app.
BankProfit 💶 runs equally well on smartphones and tablets📱 running Android 7.0 (= Nougat = Android API 24) or higher with a recommended display resolution of 1920*1080 pixels (full HD).
Have fun with BankProfit 💶