Агшамат

David John Ellis

About this app

Agshamat is an offline tool for people who already have a debt or credit obligation and want to calculate a repayment plan. The program helps you select a desired repayment date, compare the required monthly payment with the available budget, and view an estimated repayment plan.

With Agshamat, you can enter the current debt balance, fixed annual interest rate, regular monthly payment, payment start date, and the currency used for the calculation. You can then select a desired repayment date and enter the amount you can afford to pay each month. Agshamat calculates the required payment on the selected date and displays the difference between the regular payment, the required amount, and the available budget.

Agshamat displays the calculated interest, the total amount of payments, the number of payment periods, and the estimated result when using the available budget. If the selected budget is insufficient to pay the calculated interest or repay the debt, the program clearly displays the deficit instead of creating an unrealistic repayment date.

Each plan is related to one existing debt. You can save multiple loans on the device, but the amounts in different currencies are not combined. Changing the initial loan details does not change previously saved plans, so the saved plan can be viewed independently later.

Agshamat creates a detailed monthly payment plan. Each period shows the date, the initial balance, the accrued interest, the amount to be paid back to the principal, the payment and the final balance. The final payment is limited to the actual loan balance and the accrued interest. This plan is an estimate of the payment and does not guarantee that the money was actually transferred.

Agshamat allows you to save named plans, open them later, rename them, delete them or use the saved plan as the basis for a new calculation. Each saved plan stores the initial conditions of the loan, the desired payment completion date, the available budget, the calculation claims and the corresponding payment plan.

The calculations use a fixed annual percentage rate where interest is calculated monthly, and the payments made at the end of the calculation period. The program does not include commissions, penalties, variable interest or other conditions of the lender that are not entered by the user. All results are approximate and may differ from the actual conditions of the agreement with the lender.

Agshamat works completely offline. Credit data and saved programs are stored only on the device. There is no need to register, connect a bank account, send financial information to the server or perform network operations.

Agshamat does not provide loans or credit, does not accept credit applications, does not make approval decisions, does not connect users with lenders and does not provide financial or investment advice. It is a personal tool for calculating and planning the payment of existing debts and credit obligations.