# Loan calculator vs imel

The clearest difference is in-app purchases: imel at none against Loan calculator's 3. imel also leads on ads (none vs shown). On price, update cadence, device support and iOS requirement there is nothing between them.

Both are free to download. Loan calculator sells 3 in-app purchases, starting at $1.99 per month. imel asks for nothing beyond the download.

Loan calculator ships an update every 3 months, imel every 2 months. The most recent releases landed on October 22, 2026 and October 25, 2026 respectively.

## The numbers

| Metric | Loan calculator | imel |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.5 (828 ratings)](https://appshunter.io/ios/app/loan-calculator-installment/id1104763160/reviews)** | — |
| Number of ratings | **828** | — |
| Positive reviews | 44.8% of reviews | — |
| In-app purchases | Yes | **No** |
| Ads | Yes | **No** |
| Update frequency | Every 3 months | **Every 2 months** |
| Monetization | Free with in-app purchases | — |
| Size | 74 MB | 74 MB |
| Requires iOS | **16.4** | 17.2 |
| Devices | iPhone, iPad | iPhone, iPad |
| Age rating | 4+ | 17+ |
| Developer | [Anh Nguyen Thi Ngoc](https://appshunter.io/developer/1461438160) | [ASESORAMIENTO Y DESARROLLO DE SISTEMAS INFORMATICOS SL](https://appshunter.io/developer/1492056928) |

## What reviewers say

### Loan calculator

[App page](https://appshunter.io/ios/app/loan-calculator-installment/id1104763160)

Easily calculate monthly loan payments, interest rates, loan amounts, or repayment periods. Visualize your loan breakdown with pie charts and detailed amortization schedules.

**Highlights:** Calculate monthly/yearly payments, Determine interest rate, Calculate loan amount, Calculate loan term, Generate amortization schedules, Visualize with pie charts, Interactive graphs

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases (3)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Monthly | $1.99 | per month |
| Annual | $6.99 | per year |
| Lifetime Access | $19.99 | one-time |

**What reviewers like**

- 👍 Simple and effective
- 🚀 Straightforward and fast
- 💡 Useful for loan calculations
- 👍 Easy to use
- 👍 Neat little tool

**What reviewers complain about**

- 🐛 Freezes up and doesn't function well
- 🔍 Lacks some payment options (weekly, bi-weekly)
- 💸 Ads get in the way of use
- 🔒 Paid to remove ads but still have them
- 🐛 Doesn't save loan scenarios

**Reported bugs**

- Loan amount entry clears after entering interest and term
- Decimal places don't work in interest rate
- Can't scroll up to contact developer
- Calculates inaccurate repayments

**Requested features**

- Add ability to include extra payments in calculations
- Convert amortization table to PDF
- Add more payment options (weekly, bi-weekly)
- Allow adjusting payment amount to see impact


### imel

[App page](https://appshunter.io/ios/app/imel/id6475683501)

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases:** none


## Frequently asked questions

### Is Loan calculator free?

Loan calculator is free to download, with in-app purchases available.

### Is imel free?

imel is free to download, with no in-app purchases.

### Do Loan calculator or imel have ads?

Loan calculator shows ads; imel does not.

### Which is updated more often, Loan calculator or imel?

Loan calculator ships an update every 3 months, and imel every 2 months. Most recently, Loan calculator was updated on October 22, 2026 and imel on October 25, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*