Loan Calculator + User Reviews

Name: Loan Calculator +
Rating: 4.7 (142 reviews)

Loan Calculator +

MH Riley Ltd

💼 Business

💰 Finance

What users say

Summarized from real user reviews of Loan Calculator +. Based on 142 reviews and a 4.7/5 average, it highlights the 11 positives and 7 negatives reviewers mention most about this Finance app.

Positive things

👍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

Negative things

🐛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

Top reviews

Most Recent Highest Rated Lowest Rated

Simple but Effective

I found the app very simple but effective one to plan your repayment. You can see everything in a nutshell.

Dip92

a year ago

Response from developer

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!

So easy

I’ve used this for years, super simple and really easy to look at multiple loans

Simpleton 86

a year ago

Response from developer

Thank you for your feedback - we really appreciate it and are 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!

Great app

Simple, straight forward app that helps track loans and credit cards. It's helped me plot target dates to pay off debt. Highly recommend!

oclawdog

2 years ago

Response from developer

Thank you so much for your lovely feedback - we are so pleased you are finding the app helpful. Best wishes!

D.Abul

Best loan calculator .. it gives you whatever choice you’d like for calculation

Dhari Abul

2 years ago

Great for working out a plan

Good little app to help you work out how to save money on a loan.

Vladimir101

3 years ago

Response from developer

We are so pleased you are finding the app helpful! Best wishes:)

Great App

I have used it for years, intuitive, easy to use, and easy to update your loans! I love it, and would recommend it .

Dentistdon

3 years ago

Response from developer

Thank you so much for your feedback! We are so pleased to hear that you like the app:)

Mr Noel

Best I've found yet. Very easy to use. Great graphs and functionality for comparative exercises. Get it.

Smithy West

3 years ago

Response from developer

What a lovely review to read - thank you!

Great loan calculator

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!

J. Garza

3 years ago

Response from developer

Thank you so much for your feedback - we really appreciate it!

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.

Bordwell

3 years ago

Response from developer

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!

President

Easy to use, Fast, Effective charts

Solomon21315

3 years ago

Simple

Dreds929

4 years ago

Love this app

This is a great app. I love projecting potential purchases and payoff benefits and how everything is laid out

Azcz

4 years ago

President

Easy to use, Fast, Effective charts

Solomon21315

4 years ago

Very useful

Easy to use

DackV

4 years ago

Great app

Working as a Mortgage Broker, it's important for me to be able to calculate various P&I repayments on the go. I've found this app to be the best one, and I’ve been using it for years.

Rebecca Phillips

4 years ago

Response from developer

Thank you so much for your review - we really appreciate it!

Outstanding calculator with great options

Great loan calculator with various charts and capabilities to illustrate how quickly you can accelerate loan payoff and limit interest. This is my go to calculator for all loans.

djc3232

4 years ago

Response from developer

Thank you so much for your review. We are really pleased to hear that the app is meeting your needs! Best wishes!

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.

GreenTiger1

5 years ago

Response from developer

Thank you for your review. One of the key aims is simplicity and so we are pleased this is working well for you.

Great for calculating loans

Especially great when car shopping

Gamesxs

5 years ago

It does everything

I like how the app helps me manage occasional extra payments in a running total

cdrgcjg

5 years ago

Very helpful in figuring out repayment options

I used loan mentor to figure out where to target increased principle payments on different loans to maximize interest savings and ultimate pay off dates. I have eliminated one loan now, and am using it to set targets for my remaining loan.

Petuniapp