Loan Calculator Pro

This has got be the most simple n best app Which I use daily to calculate my borrowing And absolutely free thanks guys for your hard work JJay

Live this app. Great for projecting mortgage costs and when you are likely to pay it off.

Got this as I've several loans on the go at the moment and want to keep a track of them. Its a great app. You can input all your figures etc and then you've got the option to recaluate if you were to pay extra each month and it tells you how much you'd save in interest too. Also shows you monthly statements v's interest paid etc on a scrolling roll until end of paying of loan. You can add loads of loans too. Great for the average person!

The app itself shows pence in the calculations but you cannot input this because there is no decimal point. Therefore, the information is misleading and deserving of an update to correct this. Come on team, sort this out please.

I've found this really good and have all my loans listed. What I'd find useful is a summary of all payments and accounts in the favourites folder showing your complete current situation and how much your total monthly payments are. Otherwise it's excellent.

This app is excellent. You can add one off payments anywhere and track the difference it makes to your mortgage!

No interest only, capital repayment etc. Shame as could be good if added these and other missing features.

Does more or less everything I wanted when looking for an app of this kind. Very intuitive interface and very quickly setup. One area I would like to see added at a future update would be to add specific start dates with payments striking off as the loan / mortgage progressed. Recommended!

Available for free currently so thought I'd download it as I was in the mkt for a good loan/mtge calculator. Does this help? To a degree but there are a number of issues, namely: 1) no option to enter additional payments in stages or at various points during the year, rather than 1 block payment or series of payments over the whole year 2) an option to allow an overpayment of X% rather than an amount, as a number of lenders allow a % of the loan to be repaid without charges 3) different types of loan/mtge, ie interest only, fixed rate, repayment etc... 4) option to miss payments, ie pay mth 1 - 5 then miss 1 or 2 months then continue paying, no option to then 1st input this option and 2nd no calculations of what the additional monthly's would be to get back on-track or if not then what will be the extra interest payable 5) an option to allow variable additional payments to be made rather than just 1 amount, also if the payment was done at the start of the year or at any other time during the yr this s/ware would NOT be able to calculate correctly as it only allows you to input 1 payment made during the year but does not specify the payment date! 6) no option to allow you to input the start date of mtge/loan and when the 1st payments will be made, in most cases a loan would be taken out at anytime during the mth and the 1st payment would be the 1st day of the following mth or 30 days later. can't handle this at all! Due to the huge number of omissions i have marked/rated it accordingly, once this has been updated or corrected in any future updates, i will revise my review! I am going to have a play with the s/ware to compare the accuracy of the data with a "proper" pc based mtge calculator, I will compare and come back to review further, unfortunately if the accuracy isn't there i can't rate this as a 0 star item!!! Just tested it from home and found that the loan calculations are spot-on! The previous reviewer mentioned you cannot rely upon the figures but that is not the case any longer, they were reviewing 1.6 and SVT must've taken his comments on-board as the calc'ns are correct now. I have no idea if they were right/wrong before however. But found a few more issues: 1) loan amount cannot be in pence even though on the screen it shows as £XX.XX - why have a pence section when you cannot place a decimal place? 2) cannot have fractions of a month as the payment period, on occasions loans are not for the full 12 yrs & 6 months they're for 12 yrs, 6 m

Does what it says. But would be nice to have option of other types of loans repayments, like capital repayment or interest only. Moreover, an option overpayment by a percentage of remaining loan is also essential.