Useful app
App is simple and user friendly.
Free
About
Easily calculate your next credit or annuity loan. Get a clear overview of your credit rate, total interest paid, and annual percentage rate. Understand loan amortization with detailed explanations.
✓Credit rate calculation
✓Total interest paid overview
✓Annual percentage rate (APR) display
✓Annuity loan explanation
✓Mortgage loan examples
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What's New in LoanRate (Free Version)
2.1
December 15, 2014
This app has been updated by Apple to display the Apple Watch app icon. The loan term can be expressed in years and months. iPad version with larger interface elements for better usability.
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FAQ
What types of loans can LoanRate calculate?
LoanRate is designed to calculate annuity loans, which are common for mortgages. It provides a clear overview of the credit rate, total interest paid, and the annual percentage rate for these loan types.
How does LoanRate explain annuity loans?
The app explains that annuity loans have constant installments, with each payment containing both interest and principal. As the principal is paid down, the interest portion of subsequent payments decreases.
Is LoanRate free to use?
Yes, LoanRate is available as a free app. There is also an ad-free paid version for users who prefer to avoid advertisements.
Does LoanRate have ads?
The free version of LoanRate contains advertisements. Users who wish to have an ad-free experience can opt for the paid version of the app.
What devices does LoanRate support?
LoanRate is compatible with Apple devices, including iPhone, iPad, and iPod. It is designed for iOS operating systems.
What is the age rating for LoanRate?
LoanRate has an age rating of 4+, making it suitable for a wide range of users. This indicates it contains no mature content.
How often is LoanRate updated?
The latest version of LoanRate is 2.1, which was last updated on December 15, 2014. It was initially released on December 29, 2013.
What do users like about LoanRate?
Users appreciate the app's ability to provide a quick and easy-to-read overview of loan details. The clarity of information regarding credit rates, interest, and APR is a key benefit.
