Loan & Interest Calculator

Loan & Interest Calculator Free App

Rated 4.50/5 (828) —  Free Android application by RK Apps

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About Loan & Interest Calculator

This App offers the following calculators for both Android Mobile Phones & Tablets.


1) Loan Calculator (Mortgage Calculator)
2) Simple Interest Calculator
3) Compound 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


SIMPLE & COMPOUND INTEREST CALCULATOR - FEATURES:
* Calculates positive & negative amounts
* Calculates 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
* Calculates "Simple Interest" as well (You don't need another App)
* 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
* Runs from Android version 2.3 (Gingerbread)
* No Internet connection is required


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 a guidance only. Investors are required to make their own assessment before investing.

How to Download / Install

Download and install Loan & Interest Calculator version 3.0 on your Android device!
Downloaded 100,000+ times, content rating: Everyone
Android package: com.rkayapps.compoundinterestcalculator, download Loan & Interest Calculator.apk

All Application Badges

Free
downl.
Android
2.3+
Bug
buster
For everyone
Android app

App History & Updates

What's Changed
Updated Compound Interest Calculator with the following features.
(1) You can calculate compound interest for the given number of "days". For example, calculate compound interest for 100 days.
(2) The regular deposit term now supports "days". For example, you can deposit 10 bucks daily for 50 days
Version update Loan & Interest Calculator was updated to version 3.0
More downloads  Loan & Interest Calculator reached 100 000 - 500 000 downloads
More downloads  Loan & Interest Calculator reached 50 000 - 100 000 downloads
Name changed  Name changed! Compound Interest Calculator now is known as Loan & Interest Calculator.

What are users saying about Loan & Interest Calculator

S70%
by S####:

A simple and straightforward app to determine the loan payments, interest paid, and impact of additional payments. Highly recommended.

S70%
by S####:

thanks for this app it is very useful ..and jeep up the good gob ..

S70%
by S####:

Excellent simple to use savings/loan calculator!

S70%
by S####:

Overall a great app and easy to use but, is missing 'bi-weekly' contributions or payment option.

N70%
by N####:

Please annual interest rate stand for what please and I do I register I mean apply

T70%
by T####:

Can dis grant one a loan? Or its just a calculator

P70%
by P####:

Splendid! I have it downloaded on a couple of phones and it is my go to app for a plethora of financial requirements. Thank you.

S70%
by S####:

Visual perspective over how much things really cost you

D70%
by D####:

Hi, Great app. My feedback, for every 3 digits please add a comma especially in our input fields.

S70%
by S####:

Dear admin/team it's very nice app, but Pls keep calendar for days calculation on interest and compound

N70%
by N####:

Quite been better than other app. It will more better if you add To find mark sheet percentage.

J70%
by J####:

Best one out there... graphs, reports, easy to use. I tried them all; this is the best compound interest calculator

D70%
by D####:

Not bad. Would be better if you could inflation to the calculation

S70%
by S####:

Thanks alot,but since i applied my loan,they exptexpfor 3000 but,ever sent it to me.what is the problem please?

S70%
by S####:

A Compound Interest Calculator like this, Never seen before. Easy to understand and count. Thanking to owner of this app And wishing all success to him. Homiyar Vaid Vapi, Gujarat State, INDIA.

Q70%
by Q####:

I don't know how to apply so I can get loan I don't know if somebody from Nigeria can apply

T70%
by T####:

Thank you for your good caculater it also work accurate bu the problem is tomuch advertizement.

H70%
by H####:

It's empowering. You can see how your financial situation is moving and plan to make sure it's better

T70%
by T####:

Its an amusing calculator. Really very much helpful.

D70%
by D####:

Is there a way that i can add irregular payments?

S70%
by S####:

M weak in math so its gonna b easy for me. Also gonna help me find out my balance in bank...

S70%
by S####:

This is the app which i was looking for, very good app, which will give monthly part payment option, this type of app, throughout playstore you won't get. Only one more option should be made, that is after part payment, there will not statistics for how much interest and how much principal amount is deducting in given emi, so made that one option.

S70%
by S####:

Lovely little app to work with and super simple interface. One suggestion: please add the ability to choose when the first payment of a loan will be due? Therefor, if I start the loan on the 15th of the month, please make it possible to make a payment on the 1st of the next month.

S70%
by S####:

Amazing app with advanced features that allows user to set multiple emi at different time duration and many other good features

S70%
by S####:

I appreciate your innovation very useful in my bussiness assesments and help me to decide where shall I Going to loan in a low interest bank. It give me awareness before meeting a loan officer and compare the interest rates and total payments. Thank you.

F70%
by F####:

Amazing app, chart is fantastic and monthly mortgage breakdown Is very very handy! I use this app everyday. Full credit to the creators. Couldn't be happier.

F70%
by F####:

App is good, it would have been better if feature of calculating interest rate from investment and maturity amount is added. It is required for both regular and single investment.

D70%
by D####:

The app seems to be working fine however, for interest calculation the term should have the option to add days as well. For eg: some banks offer interest rates for 12 months 11 days of 16 months 15 days or say just 500 days so the app should have the option to calculate interest for those extra days as well which is missing right now. Overall the app is convenient to use and saves valuable time and provides the right info. And the best part is the app doesn't ask us to give permission to our contacts, sms, storage and so on and thats the reason i would like to give it a 5 *

Y70%
by Y####:

Dont think this is very accurate. If I make 2 seperate calculations for compound interest, one with monthly deposits of 50 and another of 100, the sum total of both calculations after 30 years is less than when I calculate using a single deposit of 150 a month.

X70%
by X####:

Love this app, easy to use. Nice to know in advance what payments and interest will be.

S70%
by S####:

To develop my financial credit also I will be good agent for promoting the loan & interest calculator

C70%
by C####:

This is a very useful app which helps almost everybody in day to day life to ascertain ones position.

D70%
by D####:

Excellent app for interest calculation

S70%
by S####:

Simple to use with quick answers.

S70%
by S####:

User friendly

S70%
by S####:

Nice

W70%
by W####:

Really good app. Could be better if it includes a way to calculate PITI (principal, interest, taxes, insurance). Include escrow calculators and a way to submit existing mortgage but a "what if" calculator to see what would happen if principal only payments and/or amortization schedule calculators. Further development could be great. Also, app could potentially make money (search "big data") if it allowed people to sign in/link mortgage accounts.

S70%
by S####:

It is my most useful app. It's very user friendly and the ads are not annoying. I would recommend it to anyone who wants to plan their finances. The only thing I would add to it is budget or long term finance planning (when loans or bonds will end, etc). Great work! Well done

X70%
by X####:

Not often an update actually improves an app! Long time user and I happily use this with customers and for personal use with zero issues. Thanks for a great app!

V70%
by V####:

Thanks for this it really helped me a lot.... Im wondering if you could also add a simple calculator as well just to multipy, divide, add, and subtract. It just makes me swap to another calc app for those calculation before entering it here... will then be a complete app!!! When you add it to your pro version done let me know and I will buy it definitely!!!!


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Rating Distribution

RATING
4.55
828 users

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