Loan Reckoner

The loan can be a mortgage, car loan, or any other simple interest amortization over a fixed time with fixed monthly payments.

Enter the values and this calculator will figure the payment.

Keep in mind, your monthly payment should be within a comfortable range of your monthly income.

Also if you want to know how much can you afford, simply go for the affordable loan interface and enter the monthly payment, interest and number of years, the result will be the total affordable loan amount.



++ Manage Multiple Loans
++ Check your with Loans EMI with your budget

++ Payment Calculation : The user friendly interface allows you to enter the Loan Amount, interest rate, the term of the loan desired (years and months) and generates following calculations.

++ Total Interest Paid
++ Total Amount paid
++ Monthly payment
++ Extra Payment Option : You can simulate as well as Tracking , how an additional monthly payment will help you pay off your loan early and save money in interest.
++ Amortization Schedule : Shows you complete payment schedule break downs into the principal, interest and the remaining balance .
++ Multiple Currency Suport
++ Anytime change EMI and Interest Rate
++ You can see money saving effect of regular or one off Extra Payments.
++ Loan Calculator Pro will let you track all of your extra payments in variable amounts throughout the life of the loan.
++ Loan Calculator Pro is designed to be fast. Calculations are done instantly after you enter each amount field.
++ Amortization Table gives you glimpse of complete payment schedule allows you to view the amount, interest, principal, and remaining balance for each and every payment of the loan.
++ Special attention was given to the user interface to ensure that it is clean, intuitive, and easy to use.
++ Organize any number of loans.
++ Support for mortgages, car loans, credit cards and many more.
++ See money saving effect of regular or one off Extra Payments.
++ Variable Rates support.
++ Charts allow easy visualization of the costs.
++ Extra payments can 'Reduce Term' or 'Reduce Payments'
++ Set of quick calculators for instant answers.
++ Elegant, simple and powerful user interface.