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Loan Calculator +

Loan Calculator +

Saving You Money On Your Loans

142 ratings
109 reviews
#23 in paid Finance
💼 Business
💰 Finance
$1.99

Details

  • Released
  • Updated
  • June 23, 2011
  • January 19, 2022

Developer

MH Riley Ltd
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iphone
ipad
📉no. 23
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Reviews summary↘︎
⭐109
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📝1+ tags
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🔄6+ apps
Alternatives↘︎
❓5 answered
FAQ↘︎
📦w/o updates
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About

This app helps you save money on loans by visualizing costs and simulating 'what-if' scenarios. Easily compare loan deals, track extra payments, and understand the true cost of borrowing.

✓Visualize loan costs with interactive charts
✓Organize multiple loans
✓Simulate extra payment scenarios
✓Calculate true loan cost with taxes and insurance
✓Compare different loan deals
✓Email loan details as PDF or HTML
Show original description

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
See all reviews

What's New in Loan Calculator +

1.10

January 19, 2022

iOS 15 optimizations Face ID/Touch ID Support

Charts

Top Paid

📉 23-3

Finance

This app dropped -3 positions in Finance chart.

Last updated on July 20, 2026.

User reviews

Most RecentHighest RatedLowest Rated

Simple but Effective

I found the app very simple but effective one to plan your repayment. You can see everything in a nutshell.
Dip92Dip92

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 86Simpleton 86

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!
oclawdogoclawdog

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 AbulDhari Abul

Great for working out a plan

Good little app to help you work out how to save money on a loan.
Vladimir101Vladimir101

Response from developer

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

See 104 more reviews

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User experience

🐞

Reported Bugs

6 issues

Biweekly payment calendar generates incorrect payment dates

Bug

Extra cost additions incorrectly applied to first payment

Bug

Pie chart percentages calculated incorrectly

Bug

Interest saved value incorrect when extra payments applied

Bug

Confusing 'rate' field terminology separate from interest rate

Bug

Monthly payment not easily accessible from input screen

Bug
✨

Requested Features

10 requests

Display calculated payment on input screen without screen rotation

Feature

Ability to copy/duplicate loans instead of creating from scratch

Feature

Print functionality directly from app

Feature

Amortization schedule comparison feature for multiple loans

Feature

Ability to add extra payments using dates instead of year/week format

Feature

Manual loan repayment entry option

Feature

Show remaining balance on main report (not just original amount)

Feature

Reverse calculation (determine interest rate from payment amount)

Feature

Savings calculator with multiple extra payments

Feature

Delimited text or XML export options

Feature

FAQ

What does this loan calculator app do?

This app is designed to help you save money on your loans. It allows you to visualize loan costs through interactive charts, simulate 'what-if' scenarios with extra payments, and compare different loan deals to make informed financial decisions.

What are the key features of this loan calculator?

Key features include organizing multiple loans, visualizing costs with interactive charts, simulating the money-saving effect of extra payments, calculating the 'true cost' by including taxes and insurance, and the ability to email loan details.

Is this app free to use?

Yes, the application is available for free. There are no in-app purchases or advertisements mentioned, indicating a completely free experience for users.

What types of loans can I track with this app?

The app supports a wide range of loans, including mortgages, car loans, credit cards, and many more. It can also handle variable rates, fixed initial rates, and different repayment structures like 'Repayment' or 'Interest Only'.

How can this app help me save money on my loans?

By using the 'what-if' scenario feature, you can see how making extra payments, whether monthly, yearly, or as a one-off, can significantly reduce the total length and cost of your loan. The app visualizes these savings, helping you understand the impact of your financial choices.