Loan Calculator -
OS :
Version :11.5
Size :14.69Mb
Updated :Apr 23,2019
Developer :Swetha MB
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Based on online discussions about the Loan Calculator app, here are three topics and corresponding questions: 1. "How accurate are the calculations in Loan Calculator?" 2. "Is the app easy to use for first-time users?" 3. "Can I customize the calculations to suit my personal financial goals?" Each question is limited to 20 words in English.
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Pros and Cons from users' feedback
After analyzing the reviews, here are three pros and three cons of the app: **Pros:** 1. "Accurate calculations and easy to use, perfect for checking loan affordability." 2. "Simple and intuitive interface makes it easy to understand loan details." 3. "Excellent tool for budgeting, helps me plan my finances effectively." **Cons:** 1. "Limited features, does not provide detailed loan analysis or comparisons." 2. "Some users have experienced glitches and app crashes during use." 3. "Not suitable for complex loan scenarios, may not cover all loan types."
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Description
******App is with awesome useful features. Download & Explore****** ******Download App and find out how you can save your money by prepaying the loan principal at different times monthly, adhoc, yearly, varying interest rates, fixing the EMI amounts.****** ***** First Time in Loan Calculation...App is so Flexi. Meets real world loan scenarios. Look at screenshots, videos, descriptions & try yourself ***** ***** App has 2 types of loan modes where you can enter annual extra dues, for example for home loan - it has provision to input property tax, insurance and HOA dues. For Auto loan - annual road tax, insurance & fuel maintenance. So app will calculate effective monthly outgo for each loan. App calculates the EMI(equated monthly instalment) for the given loan amount. App shows the amortisation schedule showing date, interest, principal & balance outstanding for each month. App is very flexible and meets real world scenarios with the following features. *User can enter multiple floating interest data in loan tenure. *User can add prepayment information in multiple ways like monthly, yearly and adhoc types. *User can set fixed EMI at any given time in loan tenure. *3 different loan loan interest can be compared with their EMI, total interest paid and total loan amount repaid. *App provides statistics money saved and tenure reduction in tabular and pie chart graph reports Note: Please do verify the results with your bank's way of calculating interest rates before making any financial decisions. Interest rates & calculation vary from bank to bank. If you have any feedback please contact us.
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