Loan Sense vs Simplus Wealth

Financial calculator focused on simple interest loans. A simple interest loan is one where an amount of interest is calculated monthly according to the outstanding balance and interest rate. That's the cost of borrowing money, and becomes part of the payment. Money in the payment above the amount of interest goes to lessening the principal. Since the principal goes down each month, so does the interest owed. The total payment doesn't change, this results in a larger amount going to pay off the principal each month. The loan is statisfied when the principal is completely paid off, no matter how many payments were promised. Lots of loans are structured this way - they're commonly used for houses, cars, personal loans and other borrowing all around the world. At the very start of a loan, it's easy to see totals compared to how much is being borrowed. After the loan starts, things get much harder to understand. Making extra payments to the outstandig balance can make a huge difference over time, but it's not easy to see what the savings will be or how much earlier the loan will be satisfied. This calculator shows users where their money is going with each payment. Plan extra payments to see the savings. When shopping for a loan, verify the loan terms are correct.

Simplus Financial is one-stop app for all your financial needs. You can use this state of the art app to stay on top of your Complete Financial Portfolio with all assets: - Mutual Funds - Equity Shares - Bonds - Fixed Deposits - PMS - Insurance Key Features: - Complete Portfolio report download including all assets. - View historical Performace of your Portfolio easily - Easy login via your Google email id. - Transaction statement of any period - 1 Click Statement of Account Download for any Asset Management Company in India - Advanced Capital Gain Reports - Invest Online in any Mutual fund scheme or New Fund Offer. Track all orders till the allotment of units to keep complete transparency - SIP Report to be informed of your Running and Upcoming SIPs, STPs. - Insurance list to keep track of premiums to be paid. - Folio details registered with each AMC. Calculators and Tools available: - Retirement Calculator - SIP Calculator - SIP Delay Calculator - SIP Step up Calculator - Marriage Calculator - EMI Calculator