Loan Calculator IQ

Handy Apps

Contains ads

About this app

Loan Calculator IQ is useful for anyone who wishes to take up a mortgage from the bank, an auto loan to purchase a car or simply loan money to a friend.

Basic EMI Calculator for your Mortgage, Car Loan or Student Loan:
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Whether you are taking a student loan or a housing loan, the most common question you will have is how much do you have to pay every month and for how long.

All you need to do is to provide the loan amount, repayment period and interest rate, this Loan Calculator quickly computes the equated monthly instalment (EMI) you need to pay in order to service the loan.

Apart from the usual monthly payment calculation, this Loan Calculator app also enables you to calculate any one of the following attributes based on the inputs from the other 3:

a) Monthly or Yearly Payment for your Home Loan, Student Loan or Car Loan
b) Interest Rate charged by the bank
c) Loan Amount
d) Loan Term

How to use this Loan Calculator app:
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Select the variable that you wish to calculate, key in the input for the other 3 variables and the result will be generated for you.

You can also generate a pie chart that shows you your total interest & loan amount as a percentage of your total repayment

On top of that, interactive graphs and comprehensive loan amortization schedules are available in this free loan / mortgage calculator app.

Loan Calculator IQ is brought to you by Handy Apps and is completely free to use.

Download this Loan / Mortgage Calculator now!

Ratings and reviews

The app isn't too bad but the moving ads are way too distracting. Full screen ads too. Just irritating. Charts are also broken too, interest just flatlines at zero. I uninstalled and looked elsewhere.

Works fine but lately everytime I open up the app and plug in numbers for the first time, it erases and sets everything back to zero. Very annoying, please fix.

I like it works well, however I just want to pay the developer to get rid of the adds and have the option to have weekly and fortnightly payment.

What's new

v26
- Added Privacy Policy link

v25
- Updated libraries
- Some optimizations