About
This app helps you calculate loan EMIs and explore prepayment strategies to save money. It offers flexible options for varying interest rates and extra payments, providing detailed amortization schedules and savings reports.
What's New in Loan Calculator
11.5
April 23, 2019
Include tax, insurance & maintenance amount with an option to include annual increments. See these dues along with loan EMI amount for each month. User can have a favorite loan and app will get launched with the favorite loan values each time. User can add downpayment to Loan Info and can calculate installment amount in a refreshed UI slider. Minor UI Enhancements.
MoreIn-App Purchases
$1.99
All Advanced features & AdFree
App with all advanced features without any ad
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FAQ
What is the primary function of Loan Calculator?
Loan Calculator helps users calculate Equated Monthly Installments (EMI) for various loans. It also allows for detailed analysis of prepayment strategies and their impact on savings and loan tenure.
Does Loan Calculator support different types of loans?
Yes, the app is designed to be flexible and can accommodate real-world loan scenarios, including provisions for annual dues like property tax or insurance for home loans, and road tax or fuel maintenance for auto loans.
Can I compare different loan options with Loan Calculator?
Absolutely. The app allows you to compare up to three different loan interest scenarios side-by-side, showing their respective EMIs, total interest paid, and total loan amounts repaid.
How does Loan Calculator help users save money?
It provides statistics on money saved and tenure reduction through prepayment options, presented in both tabular and pie chart graph reports. This helps users visualize the financial benefits of their repayment strategies.
What kind of prepayment options are available in Loan Calculator?
Loan Calculator offers flexible prepayment options, allowing users to input extra payments on a monthly, yearly, or ad-hoc basis. You can also set fixed EMI amounts at any point during the loan tenure.
Is Loan Calculator available on multiple devices?
Based on the provided data, Loan Calculator is supported on iPhone, iPad, and iPod devices, indicating compatibility with Apple's iOS ecosystem.
How often is Loan Calculator updated?
The app was last updated on April 23, 2019, to version 11.5. While this indicates a past update, users may wish to check the app store for more recent release information.
Does Loan Calculator have ads?
No, the application does not contain advertisements, as indicated by the 'hasAds' flag being false in the provided data.
