# Loan Calculator + — Saving You Money On Your Loans > Loan calculator for saving money and comparing loan deals. (iPhone/iPad app by MH Riley Ltd.) - Source: https://appshunter.io/ios/app/loan-calculator-plus/id443673909 (this page in markdown: same URL + `.md`) - Developer: [MH Riley Ltd](https://appshunter.io/developer/409695800) - Category: Finance, Business - Price: $1.99 - Rating: 4.70/5 from 152 App Store ratings · 110 written reviews indexed - Age rating: 4+ - Requires: iOS 12.1 · 32 MB - Languages: American English, European Spanish - Released: 2011-06-23 - Data updated: 2026-08-30 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/loan-calculator-plus/id443673909/reviews.md ## What is Loan Calculator +? *** 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 *** -------------------- 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 ## Key features - Visualize loan costs with interactive charts - Organize multiple loans - Simulate extra payment scenarios - Calculate true loan cost with taxes and insurance - Compare different loan deals - Email loan details as PDF or HTML ## Chart rankings - #24 in Top Paid · Finance (US App Store) ## What do users think of Loan Calculator +? Overall sentiment: positive **Pros** - 👍 Intuitive and easy-to-use interface - 📊 Clear, effective charts and visualizations - 💰 Affordable one-time purchase with no ads - 🎯 Excellent for loan scenario modeling and what-if analysis - ⚡ Fast and responsive performance - 🔄 Flexible extra payment options at various intervals - 📱 Works across multiple devices with single purchase - 💡 Supports variable interest rates - 📧 Email and export functionality for amortization schedules - 🏆 Reliable long-term tool (users report years of consistent use) - 🤝 Responsive developer support **Cons** - 🐛 Calendar/payment date calculation errors for biweekly payments - 🐛 Incorrect percentage calculations on pie charts - ❌ Confusing terminology (unclear 'rate' field vs interest rate) - ❌ Monthly payment not visible on input screen - ❌ Extra costs sometimes incorrectly applied to first payment - ❌ Limited calculation flexibility (can't solve for interest rate given payment) - ⚠️ Steep learning curve for some users despite simplicity claims **Commonly reported bugs** - Biweekly payment calendar generates incorrect payment dates - Extra cost additions incorrectly applied to first payment - Pie chart percentages calculated incorrectly - Interest saved value incorrect when extra payments applied - Confusing 'rate' field terminology separate from interest rate - Monthly payment not easily accessible from input screen **Most requested features** - Display calculated payment on input screen without screen rotation - Ability to copy/duplicate loans instead of creating from scratch - Print functionality directly from app - Amortization schedule comparison feature for multiple loans - Ability to add extra payments using dates instead of year/week format - Manual loan repayment entry option - Show remaining balance on main report (not just original amount) - Reverse calculation (determine interest rate from payment amount) - Savings calculator with multiple extra payments - Delimited text or XML export options ## Recent user reviews (10 of 110) All indexed reviews: https://appshunter.io/ios/app/loan-calculator-plus/id443673909/reviews.md ### 5/5 — Simple but Effective *2025-08-21* I found the app very simple but effective one to plan your repayment. You can see everything in a nutshell. **Developer response:** Thank you for your feedback! We are so pleased to hear the app is working well for you! If you need any support along the way, please contact us at support@mhriley.com where we'll be happy to hear from you. Best wishes! ### 5/5 — So easy *2025-08-04, version 1.10* I’ve used this for years, super simple and really easy to look at multiple loans ### 5/5 — Great app *2024-08-08, version 1.10* Simple, straight forward app that helps track loans and credit cards. It's helped me plot target dates to pay off debt. Highly recommend! ### 5/5 — D.Abul *2024-07-20, version 1.10* Best loan calculator .. it gives you whatever choice you’d like for calculation ### 5/5 — Great for working out a plan *2023-12-11, version 1.10* Good little app to help you work out how to save money on a loan. ### 5/5 — Great App *2023-10-30, version 1.10* I have used it for years, intuitive, easy to use, and easy to update your loans! I love it, and would recommend it . ### 5/5 — Mr Noel *2023-07-14, version 1.10* Best I've found yet. Very easy to use. Great graphs and functionality for comparative exercises. Get it. ### 5/5 — Great loan calculator *2023-07-07, version 1.10* This app is worth the money. It is very accurate and easy to use. Buy it once and use it in all of your devices. It is great at what it does! ### 4/5 — Fantastic App *2023-05-05, version 1.10* 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. ### 5/5 — President *2023-03-30, version 1.10* Easy to use, Fast, Effective charts ## Frequently asked questions about Loan Calculator + ### What does this loan calculator app do? This app is designed to help you save money on your loans. It allows you to visualize loan costs through interactive charts, simulate 'what-if' scenarios with extra payments, and compare different loan deals to make informed financial decisions. ### What are the key features of this loan calculator? Key features include organizing multiple loans, visualizing costs with interactive charts, simulating the money-saving effect of extra payments, calculating the 'true cost' by including taxes and insurance, and the ability to email loan details. ### Is this app free to use? Yes, the application is available for free. There are no in-app purchases or advertisements mentioned, indicating a completely free experience for users. ### What types of loans can I track with this app? The app supports a wide range of loans, including mortgages, car loans, credit cards, and many more. It can also handle variable rates, fixed initial rates, and different repayment structures like 'Repayment' or 'Interest Only'. ### How can this app help me save money on my loans? By using the 'what-if' scenario feature, you can see how making extra payments, whether monthly, yearly, or as a one-off, can significantly reduce the total length and cost of your loan. The app visualizes these savings, helping you understand the impact of your financial choices. ## Version history (last 5 releases) ### 1.10 — 2022-01-19 iOS 15 optimizations Face ID/Touch ID Support ### 1.9 — 2018-02-16 This app has been updated by Apple to display the Apple Watch app icon. iPhone X Support iPhone 6/6 Plus Support Fix occasional crash ### 1.8 — 2015-06-30 Version 1.8 has the following new features and fixes: - UI has been optimised for iOS 7/8 - Fixed problem with blank PDFs - PDF can now be previewed and printed via AirPrint ### 1.7 — 2012-11-26 New Features ============= * New Retina Graphics for iPad and iPhone * iPhone 5 Support for taller screen * Amounts under $100 are automatically displayed with decimals * Some UI enhancements ------------------------------------------------ If you like Loan Calculator, PLEASE consider rating it. You can do this very easily from the 'Settings' tab within the app. Just tap on 'Feedback' and choose 'I like it!'. For all queries or issues please email support@mhriley.com. We will always try to reply promptly. Many thanks for your support! ### 1.6.1 — 2012-04-18 Version 1.6.1 of Loan Calculator fixes an issue with the app incorrectly starting up in Portrait mode. ======================= Version 1.6 of Loan Calculator has a few new features and some fixes: New Features ============= * Extra Costs section has been enhanced. * For 'Mortgage' loans there is now a 'Closing Costs' amount which can be 'Added to Loan' or 'Paid Upfront'. * The Other Costs can now be applied Quarterly or Semi-Annually * You can now add two separate 'Other' costs. * There is a new option in 'Settings -> Amortization' which specifies whether the Extra Costs get split into monthly payments or not. * Some UI enhancements Fixes ====== * Extra Payments for Credit Card loans were not functioning properly * Various fiddles and tunings ------------------------------------------------ If you like Loan Calculator, PLEASE consider rating it. You can do this very easily from the 'Settings' tab within the app. Just tap on 'Feedback' and choose 'I like it!'. For all queries or issues please email support@mhriley.com. We will always try to reply promptly. Many thanks for your support! ## Apps similar to Loan Calculator + | App | Rating | Price | Category | | --- | --- | --- | --- | | [Loan Calculator - Debt Planner](https://appshunter.io/ios/app/loan-calculator-debt-planner/id1059124601) | 4.6 (22,434) | Free | Finance | | [Car Loan Calculator,Auto Lease](https://appshunter.io/ios/app/car-loan-calculatorauto-lease/id1155867843) | 4.8 (1,319) | Free | Finance | | [Loan Calculator - Loan2Me](https://appshunter.io/ios/app/loan-calculator-loan2me/id1442980816) | 4.8 (8,234) | Free | Finance | | [Mortgage Calculator- Home Loan](https://appshunter.io/ios/app/mortgage-calculator-home-loan/id1155749575) | 4.6 (412) | Free | Finance | | [Loan Calculator‰](https://appshunter.io/ios/app/loan-calculator/id558688927) | 4.9 (104,929) | Free | Finance | | [Refinance-Home Loan Calculator](https://appshunter.io/ios/app/refinance-home-loan-calculator/id1155084232) | 4.8 (52) | Free | Finance | ## More apps by MH Riley Ltd - [Mortgage Calculator™](https://appshunter.io/ios/app/mortgage-calculator/id409695797) - [Debt Manager](https://appshunter.io/ios/app/debt-manager/id482482660) - [Spending Tracker](https://appshunter.io/ios/app/spending-tracker/id548615579) - [My Budgets](https://appshunter.io/ios/app/my-budgets/id606998063) All apps by MH Riley Ltd: https://appshunter.io/developer/409695800 ## Related topics [hecs repayment calculator au](https://appshunter.io/ios/topics/hecs-repayment-calculator-au) --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-30.*