The Loan & Interest Calculator app is the ultimate financial tool for Android mobile phones and tablets. With three calculators in one, it covers all your loan and interest calculation needs. The loan calculator helps you figure out your monthly repayment, interest rate, loan term, and loan amount. It even allows you to make pre-payments and calculate interest savings. The simple and compound interest calculator lets you calculate interest for various deposit and withdrawal frequencies and compounding periods. It also generates yearly and monthly reports, helping you visualize your investments.
1) Loan Calculator (Mortgage Calculator)
- Allows for reverse loan calculations
- Can make pre-payments and calculates interest savings and loan term reduction
- Input interest rate changes and see impact on monthly repayment and loan term
- Includes a loan offset account feature to save on interest payments
- Tracks various loan expenses such as fees, insurance, and maintenance charges
- Provides the option to save loan calculations
2) Simple Interest Calculator
- Calculates positive and negative amounts
- Can calculate compound interest for lump sum and regular deposits/withdrawals
- Offers various deposit/withdrawal frequencies
- Ability to increase or decrease regular deposits/withdrawals each year
- Can specify a particular term for regular deposits/withdrawals
- Provides different compounding frequencies
- Displays maturity amount, total amount deposited, and total interest earned
- Offers yearly and monthly reports in a tabular format
- Ability to visualize results through intuitive graphs and charts
3) Compound Interest Calculator
- Similar features as the Simple Interest Calculator but specifically focuses on compound interest calculations
1) Take advantage of the loan offset account feature to save on interest payments and pay off your loan faster.
2) Experiment with different interest rate changes to see how they affect your monthly repayment and loan term.
3) Use the various deposit/withdrawal frequencies and compounding frequencies to customize your calculations and see how they impact your investments.
4) Take advantage of the yearly and monthly reports to track the growth of your investments over time.
5) Utilize the intuitive graphs and charts to visualize your financial progress.
Loan & Interest Calculator provides a range of calculators for both Android mobile phones and tablets. With features such as reverse loan calculations, pre-payments, loan offset account, and various interest rate and deposit/withdrawal options, this app offers users the tools they need to make informed financial decisions. Additionally, the app's user-friendly interface, elegant design, and ability to generate reports and visualizations make it easy to use and understand. Whether you're an individual, financial planner, accountant, or student, Loan & Interest Calculator is a valuable tool that can save you time, effort, and money in your financial planning and decision-making process. Download this free app today and take control of your finances.
