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Loan Calculator

June 24, 2024

More About Loan Calculator

This App offers the following calculators for both Android Mobile Phones & Tablets.
(1) Loan Calculator (Mortgage Calculator)

(2) Advanced Loan Calculator (Advanced Mortgage Calculator)

(3) Compound Interest Calculator (Future Value Calculator)

(4) Simple Interest Calculator

LOAN CALCULATOR - FEATURES:

* Reverse Loan calculations (find out one of Loan amount, Interest rate, Loan term or Monthly repayment given the other 3 values)

* Make Pre-payments (Extra Repayments) and find out interest savings, loan term reduction

* Input Interest rate (%) changes and find out impact on monthly repayment, loan term

* Loan Offset Account saves the interest you pay. Helps to pay off loan faster

* Repayment Holiday (interest only) period calculations

* Track various Loan expenses such as Fees, Insurance, Tax, Maintenance charges, etc

* Save loan calculations

COMPOUND INTEREST CALCULATOR - FEATURES:

* Calculates positive & negative amounts

* Calculates simple and compound interest for lump sum deposit/withdraw, regular deposit/withdraw & both

* Various deposit/withdraw frequencies - Daily, Weekly, Fortnightly, Monthly, Bi-Monthly, Quarterly, Thrice-Yearly, Half-Yearly & Yearly

* Ability to increase or decrease the regular Deposit/Withdraw amount every year by a certain amount or percentage

* Ability to specify a particular Term (duration) for regular Deposit/Withdraw irrespective of the Total Term

* Various Compounding frequencies - Daily, Weekly, Fortnightly, Monthly, Bi-Monthly, Quarterly, Thrice-Yearly, Half-Yearly & Yearly

* Positive(+) or negative(-) Interest Rate (%) helps in calculating Profit or Loss scenarios

* Displays Maturity Amount, Total Amount Deposited & Total Interest Earned

* Yearly and Monthly reports in a tabular format show how your investments are growing

* You can E-mail both yearly and monthly reports

* You can visualise results through intuitive Graph & Chart

* Contains in-built User Guide

* Handles very large numbers

USER INTERFACE FEATURES:

* Elegant Material Design Theme

* Easy to use interface with Tabs

* App works on Phones & Tablets

* Basic & Advanced calculations modes

* Calculates in no time

* Light weight & loads quickly

BENEFITS TO USERS:

* FREE App (100% full features)

* App is generic and it is suitable for people of all Countries

* No prior finance knowledge required

* Helps you take informed decisions about your finance

* Saves you a lot of time, effort & money

* Used for investments, financial planning, budgeting, accounting, studies, research & more

* Suitable for individuals, financial planners, accountants, brokers, students, research analysts, etc

DISCLAIMER:
Kindly consider this calculator as guidance only. Investors are required to make their own assessment before investing.

Latest Version

Version
7.0
Update
June 24, 2024
Developer
RK Apps
Apps
Finance
Platforms
Android
Downloads
1,206,114
License
Free
Package Name
com.rkayapps.compoundinterestcalculator
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User Reviews

A Google user

6 years ago

Great app for figuring out repayment options on loans. I use it all the time to figure out which debts to pay back most aggressively.

YunoVega

4 years ago

This app is totally amazing it has a very friendly interface, ads doesn't flood in, simple yet cool to use. This totally deserve a five star rate. Thank you Devs more power.

Dianne Smith

4 years ago

I have been using this app for a few years now and I like it a lot. Before I go and purchase something it helps with the payment plus I can figure out how fast I can pay a loan off. Great app and very easy to use.👍

vignesh varma

3 years ago

Iam already write review why don't build app in particular standard.what iam trying to say you need to develop every bank interest after pandamic and build the option providing Comparison through best interest providing bank .One of the thing i found interface was really awwful you need to develop with logos . change interface like Paytm with simple and understandble

A Google user

5 years ago

Where is the saved loan files. Good but still short in some areas. Ok found, can u make like deposits ends at x yr or mth, then cont on without deposit in the compound interest. Tks good app. Wonder why i didnt see the tab save in the beginning. Haha.

Christopher Foskett

5 years ago

Awesome app. Great for figuring out loans and prepayments. Only thing to add would be option of bi-weekly and weekly payment schedule calculations.

mukesh garg

4 years ago

App is best. But there is my querry about compound interest calculation.below i have explain my issue for your reference and understand. Let Lum sump amount 100 then every year i invest 100 with the CI 10 % yearly.after one year amount will be (100 ls+10 interest+100 regular deposit) 210.but in ur formula it gives 220 which is wrong . Kindly explain and reply.

J. Reyes

3 years ago

It's a great app! Honestly I liked the older version a little better because I preferred the older interface & it had fewer ads. However it's still great!

Yusuf Dedat

5 years ago

Calculations are very versitile. A good feature is the ability to email results however, the emailed results are in html format. A more user friendly format such as excel or csv would be very useful.

Md Ismaeel Shaikh

4 years ago

The app is simple, fast and uncluttered and does what's needed beautifully ... The best part is that ads aren't showed up your face every now and then ... I hope developers doesn't change the app unnecessarily and don't irritate users with ads the future

Patrick J Shields

3 years ago

Super app. Does exactly what I need. If I were in college studying advanced math, I'd need a BA 10 type for it's advanced functions. But this Loan Calculator is simple and works flawlessly. Thank you!

Marilize Lombaard

4 years ago

This is a great app, with fantastic functionality. 4 stars because the free version doesn't work on my Samsung S20FE, due to the ads. The Pro version of the app gives no problems at all.

A Google user

6 years ago

Is there a feature to find difference between 2 dates including days of month, and calculate interest automatically, which can be used to calculate gold loan for example. If not can you please add it. Apart, this app is too good. Thank you.

A Google user

6 years ago

Best app to calculate your home loan, add variable interests, pre or extra payments and save it to a profile. Light weighted app, smooth and ewsy to use. One suggestion is to add features to export the yearly and montly reports to pdf or excel rather than just supporting html would.be much helpful. Thank you!

A Google user

6 years ago

Simple. Does what you expect it to and rather intuitive. Only question I had was the definition of the 'regular deposit term' field right after the 'regular deposit' field. But went ahead and the results were great. Displays in summary, chart, and graph formats

A Google user

6 years ago

4/5 This app is very good at what it does. It could do with a little refinement/polish but the bones are good. I've found it very handy when roughing out ideas for panning my retirement, I will use spreadsheets and a formal financial plan for the next steps. And it fits in your pocket! :-) The one and two star ratings say more about the "user" than the app; there is no patch, code, or mod' for human stupidity. Reading some of the reviews, frankly, leaves me worried for the future of humankind.

Henry Lee

1 year ago

This App is quite good, and has a great potential to be great. • I will surely give 5★ rating and will definitely purchase this App if (as requests) ➠ 1. there's a Loan Categorization ➺ Cash Loan, Mortgage, Automotive Loan, and Home Loan, 2. has "Daily" & "Weekly" range tenure to accommodate (very) short-term loans, 3. has "Down Payment" feature for Car/Home Loans, 4. has more varied and more specific additional payments such as: Loan Insurance, Admin Fee, Tax, Discount, etc. • Thank You!

YyY

5 years ago

Hi there..good improvements but however now the printscreen scroll doesnt work now. This is when your search criteria is i.e 30 years and the results will take on more than one page and we have to scrool further down to see the entire results. We cannot printscreen it into one single screenshot anymore unlike the precious version. Hope that you can fix this too. Many thanks.

shane miles

4 years ago

Fantastic and simple. One thing I'd like to see included is adding an additional savings metric with the compound interest. For instance, I'll save a certain amount every month but also, I'll deposit my tax return every year as well. So an additional field to enter an amount and a time, similar to additional payments on your mortgage. Thank you.

A Google user

6 years ago

I've tried multiple loan and interest calculators and this one is by far the best. I was looking for extra options like, "how many months will I save by contribution an X amount more?" or, "what's the yearly breakdown of interest vs. principal paid?", etc. this calculator had a lot of thought put into it. I have no doubts the developers or the team has financial systems background, due to the level of details and the things you would think, "i wonder if this will calculate (that)?" and it does!

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