Loan Calculator

Contains ads
4.3
2.27K reviews
1M+
Downloads
Content rating
Everyone
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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.
Updated on
Jul 13, 2022

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
No data shared with third parties
Learn more about how developers declare sharing
No data collected
Learn more about how developers declare collection
4.3
2.27K reviews
A Google user
June 15, 2019
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!
663 people found this review helpful
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shane miles
July 9, 2021
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.
60 people found this review helpful
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RK Apps
July 19, 2021
Hi Shane, Thank you for your feedback. I am glad to hear that you are finding the App very useful. I'll include an "additional field to enter the amount and time" within the Compound Interest calculator in future releases.
A Google user
November 27, 2018
Noticed that the app presumes that you are saving to the same file (overwriting) if you just change the numbers without using the reset button. I think this app would be improved if the results could be exported in a format other than html, so that the results could be easily used in conjunction with other applications, such as spreadsheets and databases.
82 people found this review helpful
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RK Apps
December 12, 2018
Hi Russel, Thank you for your feedback. I'll provide "Export to PDF" and "Export to Excel" format features in future releases. This will help you to import in other applications.

What's new

(1) Added dark mode feature

(2) Major user interface (UI) improvements to support both light mode and dark mode

(3) You can choose the mode from App's Settings. By default, the App will follow your Phone's mode

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

(5) By the way, this App has completed 8 years in July-2022. Thank you so much for your support!