# Simple Loan

> Loan payment calculator for various loan types. (iPhone/iPad app by Jim Corbo.)

- Source: https://appshunter.io/ios/app/simple-loan/id987299504 (this page in markdown: same URL + `.md`)
- Developer: [Jim Corbo](https://appshunter.io/developer/987299503)
- Category: Finance, Productivity
- Price: Free
- Rating: 5.00/5 from 1 App Store ratings · 1 written reviews indexed
- Age rating: 4+
- Requires: iOS 8.2 · 9 MB
- Languages: American English
- Released: 2015-05-03
- Data updated: 2026-06-11
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/simple-loan/id987299504/reviews.md

## What is Simple Loan?

A simple calculator to determine the monthly payment for a loan.  Just enter the loan amount, the term, and the interest rate and calculate a car loan, mortgage, or any other loan. Optimized for the iPhone 5, 5s, & 6.

## Key features

- Loan payment calculation
- Input loan amount
- Input loan term
- Input interest rate
- Supports car loans
- Supports mortgages

## Recent user reviews (1 of 1)

All indexed reviews: https://appshunter.io/ios/app/simple-loan/id987299504/reviews.md

### 5/5 — Accurate, I use it daily

*2016-11-01*

Is simple and accurate. Great app

## Frequently asked questions about Simple Loan

### How does Simple Loan calculate monthly payments?

Simple Loan calculates monthly payments by taking your loan amount, the loan term in years, and the annual interest rate as inputs. It then uses a standard loan amortization formula to determine the fixed monthly payment required.

### What types of loans can I calculate with Simple Loan?

You can use Simple Loan to calculate monthly payments for a variety of loan types, including car loans, mortgages, personal loans, and any other loan where you need to determine a fixed repayment amount.

### Is Simple Loan optimized for specific devices?

Yes, Simple Loan is optimized for iPhone 5, 5s, and 6. It is also available for iPad and iPod devices.

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

Simple Loan has an age rating of 4+, making it suitable for users of all ages.

### How often is Simple Loan updated?

The latest version of Simple Loan is 1.0.1, which was last updated on May 15, 2015. The initial release date was May 3, 2015.

### Does Simple Loan have ads?

No, Simple Loan does not contain advertisements. It is a completely ad-free application.

### What is the user rating for Simple Loan?

Simple Loan has a perfect rating of 5.0 stars, based on one user review.

### Can Simple Loan help with refinancing calculations?

While Simple Loan is designed to calculate monthly payments for new loans, you can input the details of a refinanced loan amount, term, and interest rate to estimate new monthly payments.

## Version history (last 2 releases)

### 1.0.1 — 2015-05-15

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

Bug fixes. Added Amortization Table. Added Total Loan Cost

### 1.0 — 2015-04-29

No release notes.

## Apps similar to Simple Loan

| App | Rating | Price | Category |
| --- | --- | --- | --- |
| [Loan Interest Guide](https://appshunter.io/ios/app/loan-interest-guide/id6451242354) | 4.1 (20) | Free | Finance |
| [Sail Loans](https://appshunter.io/ios/app/sail-loans/id1578869732) | 5.0 (3) | Free | Finance |
| [Fidoo Expense Management](https://appshunter.io/ios/app/fidoo-expense-management/id1481245050) | 3.5 (2) | Free | Finance |
| [LoanQuantum](https://appshunter.io/ios/app/loanquantum/id6618150402) | — | Free | Finance |
| [QuickCredit SG](https://appshunter.io/ios/app/quickcredit-sg/id6458265177) | 3.8 (5) | Free | Finance |
| [My Personal Loan](https://appshunter.io/ios/app/my-personal-loan/id1622506037) | — | Free | Finance |

## More apps by Jim Corbo

- [Dive Nitrox](https://appshunter.io/ios/app/dive-nitrox/id992140216)

All apps by Jim Corbo: https://appshunter.io/developer/987299503

## Related topics

[simple loan](https://appshunter.io/ios/topics/simple-loan) · [fido loan](https://appshunter.io/ios/topics/fido-loan)

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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 2026-06-11.*