2.2 Safe to install
Simple and Effective Loan Calculator for Planning Your Finances
Loan Calculator: Installment by Anh Nguyen Thi Ngoc provides a user-friendly interface to accurately calculate loan installments and manage payments with ease.
Whether you are considering a student loan or a housing loan, one of the most common questions that arise is how much you'll need to pay on a monthly basis and for how long. If you're seeking a solution to this query, we have the perfect tool for you: the Loan Calculator app.
This app simplifies the process by allowing you to input the loan amount, repayment period, and interest rate, after which it quickly computes your equated monthly installment (EMI) – the payment required to service the loan.
In addition to the standard monthly payment calculation, this Loan Calculator app offers several other helpful features. It allows you to calculate any one of the following variables by inputting data for the remaining three:
- Monthly or yearly payment for your home loan, student loan, or car loan
- Interest rate charged by the bank
- Loan amount
- Loan term
The Loan Calculator is user-friendly – simply select the variable you wish to calculate, enter the necessary information for the other three variables, and the result will be generated for you. Additionally, it provides a pie chart that displays your total interest and loan amount as a percentage of your total repayment.
As an added benefit, this free loan/mortgage calculator app offers interactive graphs and comprehensive loan amortization schedules.
We greatly appreciate your input, so please do not hesitate to send us any comments, suggestions, or errors you may encounter via email: [email protected]
Overview
Loan calculator: Installment is a Freeware software in the category Business developed by Anh Nguyen Thi Ngoc.
The latest version of Loan calculator: Installment is 2.2, released on 10/22/2023. It was initially added to our database on 10/22/2023.
Loan calculator: Installment runs on the following operating systems: iOS.
Users of Loan calculator: Installment gave it a rating of 5 out of 5 stars.
FAQ
What is a loan calculator used for?
A loan calculator is a tool that helps you estimate your monthly payments, total interest paid, and the overall cost of a loan based on the loan amount, interest rate, and loan term.
How do I use the loan calculator?
To use the calculator, input the loan amount, the annual interest rate, and the loan term (in months or years), then click 'Calculate' to see your estimated monthly payments.
Is the loan calculator free to use?
Yes, the loan calculator is free to use.
Can the loan calculator help with any type of loan?
Yes, it can be used for various types of loans including personal loans, auto loans, and mortgages.
What information do I need to get accurate results?
You need the total loan amount, annual interest rate, and the term of loan in months or years.
Does the calculator show how much interest I will pay over the life of the loan?
Yes, it calculates both your total interest paid and your total payment amount over the life of the loan.
Can I adjust my inputs after I've calculated my payments?
Yes, you can adjust any input values and recalculate to see how changes affect your monthly payment and total costs.
Is there a mobile version of the loan calculator available?
Yes, it is typically optimized for both desktop and mobile devices.
Can I save my calculations for later reference?
The ability to save calculations depends on the specific implementation of the calculator; some may allow saving or exporting results.
Who created this loan calculator?
The loan calculator was created by Anh Nguyen Thi Ngoc.
Boris Weber
I am an editor at UpdateStar. I started as a support engineer, and am now specialized in writing about general software topics from a usability and performance angle among others. I telecommute from UpdateStar’s Berlin office, when I am not working remote as a digital nomad for UpdateStar. When I'm not analyzing the latest software updates, you can find me exploring new cities, immersing myself in local cultures, and discovering innovative tech trends across the globe.
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