# Loan Calculator%- Simple Loan Calculator

> Calculate loan payments, interest, total cost, and amortization schedules. (iPhone/iPad app by usman hamid.)

- Source: https://appshunter.io/ios/app/loan-calculator-simple-loan-calculator/id1201676835 (this page in markdown: same URL + `.md`)
- Developer: [usman hamid](https://appshunter.io/developer/1168352618)
- Category: Finance
- Price: Free
- Rating: 1.00/5 from 1 App Store ratings · 3 written reviews indexed
- Age rating: 4+
- Requires: iOS 8.0 · 20 MB
- Languages: American English
- Released: 2017-02-03
- Data updated: 2026-06-01
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/loan-calculator-simple-loan-calculator/id1201676835/reviews.md

## What is Loan Calculator%?

The Simple calculator for affordable, differentiated and fixed payments. This application is perfect to calculate a loan or mortgage. 
Calculation: the monthly payment, the amount of interest paid, the total cost of credit, amortization schedule and a comparison of all these indices between different loans.

## Key features

- Calculate monthly payments
- Determine interest paid
- Calculate total credit cost
- Generate amortization schedules
- Compare loan indices

## Recent user reviews (3 of 3)

All indexed reviews: https://appshunter.io/ios/app/loan-calculator-simple-loan-calculator/id1201676835/reviews.md

### 1/5 — Incorrect data

*2020-01-27*

It would appear that your calculations are not correct. The value given is half the actual amount. Check your math please.

### 1/5 — Amortization is Totally Wrong

*2017-12-02, version 1.0*

Data input:
Amount borrowed: $1,000,000
Annual Interest Rate: 3.50%
Number of years: 30

Results returned:
Monthly Payment: 2,825.31
Total interest: $17,111.00
Total payment: $117,111.00

Definitely wrong.
how can total interest is only $17,111 when $1 Mil is amortized over 30 years with annual interest rate is at 3.50%??

### 1/5 — Rubbish !

*2017-10-18, version 1.0*

Monthly installment amount & affordable loan totally wrong !

## Frequently asked questions about Loan Calculator%

### What types of loan calculations does Loan Calculator offer?

Loan Calculator can determine your monthly payment, the total interest paid over the loan's life, the overall cost of credit, and generate a detailed amortization schedule. It also allows for comparisons between different loan options.

### Is Loan Calculator suitable for mortgages?

Yes, the application is designed to be perfect for calculating mortgages, providing all the necessary financial breakdowns to understand mortgage terms.

### Does Loan Calculator have ads?

No, Loan Calculator does not contain advertisements.

### What devices is Loan Calculator available on?

Loan Calculator is available for iPhone, iPad, and iPod devices.

### How often is Loan Calculator updated?

Loan Calculator was last updated on February 3, 2017, with version 1.0. There have been no updates since its release.

### What is the age rating for Loan Calculator?

Loan Calculator has an age rating of 4+, making it suitable for a wide range of users.

### What is the user sentiment for Loan Calculator?

Based on the available data, Loan Calculator has received 1 rating with an average of 1.0 stars, indicating a very low user satisfaction.

### Can I compare different loan offers with Loan Calculator?

Yes, the app allows for a comparison of monthly payments, interest paid, total credit cost, and other indices between different loan scenarios.

## Version history (last 1 release)

### 1.0 — 2017-02-03

This app has been updated by Apple to display the Apple Watch app icon.

## Apps similar to Loan Calculator%

| App | Rating | Price | Category |
| --- | --- | --- | --- |
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| [EMI Calculator : Calculate GST](https://appshunter.io/ios/app/emi-calculator-calculate-gst/id1589575612) | — | Free | Finance |
| [Loan Calculator: Payoff Debt](https://appshunter.io/ios/app/loan-calculator-payoff-debt/id1475059603) | — | Free | Finance |
| [Loan Calculator and Manager](https://appshunter.io/ios/app/loan-calculator-and-manager/id1482290627) | 4.0 (2) | Free | Finance |
| [Loan Calculator Pro Edition](https://appshunter.io/ios/app/loan-calculator-pro-edition/id1539129209) | 5.0 (3) | Free | Finance |

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All apps by usman hamid: https://appshunter.io/developer/1168352618

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*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 2026-06-01.*