Works Great
Helps me calculate and estamate my loan on my morgage.
Archived App (Last seen on 30 Jan 2025)
This is an archived listing of the app previously available on the App Store.Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.
About
This tool helps you calculate monthly loan payments, total interest, and the total amount paid over the loan's term. It's designed for mortgages, auto loans, and other bank loans, using the same formulas banks employ for accurate calculations.
✓Calculates monthly loan payments
✓Calculates total interest paid
✓Calculates total amount paid
✓Uses principal amount for calculations
✓Uses loan term (years/months) for calculations
✓Uses loan rate for accurate payments
✓Easy-to-read graphical interface
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What's New in Loan Calculator
1.0.2
March 15, 2017
This app has been updated by Apple to display the Apple Watch app icon. Bug fixes
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FAQ
What is Loan Calculator's primary function?
Loan Calculator calculates monthly payments, total interest, and total amount paid for various loans like mortgages and auto loans. It uses standard banking formulas for accuracy.
Does Loan Calculator have ads?
No, Loan Calculator does not contain advertisements. It is a free application without any ads.
What types of loans can Loan Calculator be used for?
This calculator is best suited for mortgages, auto loans, and any other type of bank loan. It provides detailed payment breakdowns for each.
What information is needed to use Loan Calculator?
To use Loan Calculator, you will need the loan amount (principal), the loan rate (interest rate), and the loan term in years and months.
What is the user interface like for Loan Calculator?
Loan Calculator features an easy-to-read graphical interface designed to clearly display all loan details, including monthly payments and other financial breakdowns.
What devices support Loan Calculator?
Loan Calculator is supported on iPhone and iPod devices. It is designed for iOS users.
How often is Loan Calculator updated?
The latest version of Loan Calculator is 1.0.2, which was last updated on March 15, 2017. The app was initially released on January 23, 2017.
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. It is a straightforward utility application.
