# Loan Calculator + — user reviews > 110 indexed App Store user reviews of Loan Calculator + by MH Riley Ltd, rated 4.70/5 from 152 ratings. - Source: https://appshunter.io/ios/app/loan-calculator-plus/id443673909/reviews - App overview in markdown: https://appshunter.io/ios/app/loan-calculator-plus/id443673909.md - Rating breakdown: 5★ 124 · 4★ 22 · 3★ 2 · 2★ 1 · 1★ 3 ## 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 ## Newest reviews (20 of 110) ### 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 — Love this app *2022-11-01, version 1.10* This is a great app. I love projecting potential purchases and payoff benefits and how everything is laid out ### 5/5 — President *2022-09-16, version 1.10* Easy to use, Fast, Effective charts ### 5/5 — Very useful *2022-08-05, version 1.10* Easy to use ### 5/5 — Great app *2022-05-19, version 1.10* 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. ### 5/5 — Outstanding calculator with great options *2022-05-19, version 1.10* 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. ### 5/5 — Fantastic little loan calculator app! *2021-08-07, version 1.9* 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. ### 5/5 — Great for calculating loans *2021-05-05, version 1.9* Especially great when car shopping ### 5/5 — It does everything *2021-04-18, version 1.9* I like how the app helps me manage occasional extra payments in a running total ### 4/5 — Very helpful in figuring out repayment options *2021-03-29, version 1.9* 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. ### 5/5 — Great app! *2021-03-23, version 1.9* I really love this app for tracking loans. ### 5/5 — Great product *2020-09-16, version 1.9* Easy to use and great outcomes! ### 5/5 — Great for private loans *2020-08-01, version 1.9* I used this app for calculating interest on a loan from my family. Works just like a bank’s software!!!! ### 5/5 — Great easy to use what-if app *2020-06-17, version 1.9* I use this for lots of what-if scenarios, auto loans, home refi, HELOC, etc. ### 5/5 — Great! *2020-02-01, version 1.9* This is a very useful modeling, and tracking tool, it helps plan financial decisions by giving you a realistic prospective of what new debt will cost allowing you to weigh options. ### 5/5 — Excellent!!! *2020-01-07, version 1.9* Great app!!!! ### 5/5 — Simple, to the point and works well *2020-01-03, version 1.9* I mostly use Loan Mentor to run what if scenarios for new loans but it is also really useful to track existing loans and work out the best acceleration options. ### 5/5 — Awesome!! *2019-11-25, version 1.9* It has been very useful!! ### 4/5 — Useful app *2019-08-17, version 1.9* This is very useful when buying a car, take it to the dealer to calculate what you can afford. ### 4/5 — Love this app... but... *2019-08-11, version 1.9* It seems the calendar is off. My payments are biweekly, so in July of 2020 I should pay on the 3, 17 and 31 but it’s saying I only pay the 5 and 19, which is incorrect. How do I fix this? ## Most critical reviews (10 lowest-rated) ### 1/5 — M *2017-02-14, version 1.8* Dislike, not worth 15 cents ### 1/5 — Useless *2017-02-03, version 1.8* Totally useless. Don't waste your money. ### 1/5 — No good *2012-12-07, version 1.7* Doesn't do complicated interest rates. Would be easier to set time and monthly repayment amount, and have it confirm the interest rate type. Not worth the money. ### 1/5 — Vic *2011-10-08, version 1.3* Very useless program- waste of money ### 2/5 — Incomprehensible *2019-03-05, version 1.9* What should be a simple process is made impossible by this curious app. Enter loan details and it ask you for “rate” ... but this isn’t the interest rate, which is another field. So what is it? Even if you do enter all the loan data, it doesn’t tell you your monthly payments that I can find. Wait ... what? ### 2/5 — Not what I was hoping for... *2012-05-27, version 1.6.1* Theres a few things lacking that make this program redundant for me. I think I would like this better if I could add extra payments using the date not year 1 week 6. Also if I could manually enter my loan repayments not be told what I should be paying and have to adjust accordingly. ### 2/5 — It's ok *2012-04-08, version 1.5* Not really worth the $5.49 I paid for it but a reasonable application. Could do a LOT more ### 3/5 — Update: errors (was: So handy!) *2019-01-26, version 1.9* 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. ### 3/5 — Looks handy *2012-09-15, version 1.6.1* Looks handy ### 3/5 — ok *2012-05-13, version 1.6.1* it's ok ## Most praised reviews (10 highest-rated) ### 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! ### 5/5 — President *2023-03-30, version 1.10* Easy to use, Fast, Effective charts ### 5/5 — Simple *2022-12-22, version 1.10* I --- *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.*