Should you take that loan? Calculate how soon will that decision pay off. AceMoney PromoRate Loan Calculator lets you make that decision quickly. Not all loans and interest rates are created equal. Some loans have better rate, others lower upfront fees, and some can have very punishing penalties with long term financial consequences.
AceMoney PromoRate Loan Calculator takes into account all aspects of money borrowing, from origination fees to changing interest rates, and calculates the most important information: Effective Loan Cost over Time (ELCoT) is calculated and displayed in the form of a simple chart tracking the cost of the loan over its life.
The cost of the loan is displayed as total cost value as well as an effective rate over time.
Please make sure you read in-app help to get familiar with all of the loan calculator features.