Loan Calculator + 4+
Saving You Money On Your Loans
MH Riley Ltd
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- $1.99
Screenshots
Description
*** Featured by Apple as 'What's Hot' ***
Loan Calculator has one aim - To SAVE YOU MONEY on your loan!
If you're taking out a loan, looking to organise your loans, or want to pay off your loan early, then this is the perfect app for you.
Try out various 'What-If' scenarios and quickly see how extra payments can save you a whole lot of time and money. You can enter any number of Monthly, Yearly or One Off extra payments, at any period during the loan. Then watch the total length and cost go down. You may be surprised by just how much!
Easily visualise your cost savings in the simple and interactive charts. Just slide your finger along to see the costs for each year.
5-Stars - "...beautiful, simple graphs which make tricky decisions a whole lot easier."
5-Stars - "...really helped me to compare the different loan deals"
*** Features ***
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Visualise loan costs in simple, interactive charts:
√ Organise any number of loans
√ Support for mortgages, car loans, credit cards and many more
√ See money saving effect of regular or one off Extra Payments
√ Variable Rates support
√ Calculate the 'True Cost', by including Tax, Insurance etc
√ Email a PDF or HTML of the loan details
√ Takes into account PMI for mortgages
√ Monthly breakdown of costs (Amortization)
√ Full support for fixed 'Initial Rates' e.g. interest free for 6 months
√ Try out various 'What-If' scenarios
√ Charts allow easy visualisation of the costs
√ Make an informed choice by comparing loans
√ Extra payments can 'Reduce Term' or 'Reduce Payments'
√ Support for 'Repayment' or 'Interest Only'
√ Set of quick calculators for instant answers
√ Backup & Restore via Dropbox
√ Passcode protection
√ Elegant, simple and powerful user interface
What’s New
Version 1.10
iOS 15 optimizations
Face ID/Touch ID Support
Ratings and Reviews
Fantastic little loan calculator app!
I have been using this loan calculator for a few years now and it is great! It is not complicated and it easily allows me to add extra payments, including one-time payments, to see how that reduces the payoff date.
Developer Response ,
Thank you for your review. One of the key aims is simplicity and so we are pleased this is working well for you.
Fantastic App
I’ve used this app multiple times to run loan scenarios. It includes everything I need including an option to add extra payments at different times and intervals. It’s a keeper. I’d give it 5 stars if I could see a payment calculated on the input screen. Currently I need to finish input, rotate screen and then click the payment amortization schedule to see the payment.
Developer Response ,
Thank you for your feedback! We are pleased you regard the app as a keeper:) Please note, after adding a new loan the payment is shown directly on the My Loans tab, or after editing the details you can tap on the Pie Chart button on the top right which will also show you the payment amount. This should be a bit quicker than what you are currently doing. We really hope this helps!
Update: errors (was: So handy!)
Update: Had to knock this down 2 stars from my original 5—I still love this app, but it does have a couple of problems :-( When I add an extra cost to certain type of loan, it adds it as a payment into the first payment. It also calculates the percentage incorrectly on the pie chart overview of the loan. Please fix this!!
(Original review:). Love this app, thanks! Very handy!!! Only feature request—amortization schedule comparison when comparing loans.
App Privacy
The developer, MH Riley Ltd, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.
Data Not Linked to You
The following data may be collected but it is not linked to your identity:
- Identifiers
- Usage Data
- Diagnostics
Privacy practices may vary, for example, based on the features you use or your age. Learn More
Information
- Seller
- MH Riley Ltd
- Size
- 33.4 MB
- Category
- Finance
- Compatibility
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- iPhone
- Requires iOS 12.1 or later.
- iPad
- Requires iPadOS 12.1 or later.
- iPod touch
- Requires iOS 12.1 or later.
- Languages
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English, Spanish
- Age Rating
- 4+
- Copyright
- © MH Riley
- Price
- $1.99
Supports
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Family Sharing
Up to six family members can use this app with Family Sharing enabled.