Loan Calculator v8
Aplity
About this app
The Loan Calculator app solves the problem of helping users understand and manage their loan payments by providing a simple and powerful tool with an amortization table. This app benefits individuals who are considering taking out a loan or are already paying off a loan, such as homeowners or students. Compared to alternatives in the Finance category, Loan Calculator stands out due to its focus on loan calculation and amortization, but it falls short in terms of user reviews and ratings, which are currently unavailable. The app's lack of permissions requests is a notable advantage, suggesting a secure and private user experience.
Pros
- The Loan Calculator app has a moderate number of downloads, over 100,000, which indicates a level of social proof and trust among users.
- The app's free with ads monetization model makes it accessible to a wide range of users, although the presence of ads may be a drawback for some.
- The developer, Aplity, has a dedicated website and email address, suggesting a level of professionalism and commitment to user support.
- The app's small size and lack of permissions requests make it a lightweight and secure option for users.
- The app's offline capability is likely, given its simple functionality, which makes it a useful tool for users without constant internet access.
Cons
- The lack of user ratings and reviews makes it difficult to assess the app's overall quality and user satisfaction.
- The presence of ads may be intrusive or annoying for some users, potentially detracting from the app's usability.
- The app's limited functionality, focused solely on loan calculation and amortization, may not be sufficient for users who require more comprehensive financial management tools.
- The developer's reputation, while seemingly professional, is not extensively proven, which may raise concerns about long-term support and updates.
Best for: The ideal user for the Loan Calculator app is an individual who is considering taking out a loan or is already paying off a loan, such as a homeowner or student, and requires a simple and straightforward tool to understand and manage their loan payments, with a moderate level of technical skill and a focus on personal finance management.
Developer Description
Loan calculator with amortization table, a simple and powerful tool.
The application is been created to provide you an amortization table of your loan automatically, with the amortization amount and the interests on the debt per month. The result is presented in tabular. You can also do simulations with different amounts for estimate what amount you should ask as loan.
This loan calculator app would help you decided in three simple steps: firstly, you have to introduce the loan amount. Secondly, introduce the annual interest rate charged by the bank. You can check different figures and percentages. And last but not least, you have to introduce the years and months in which you will return the credit. Done that, it would be easy to have an idea of the commitment that you will be able to have in the next years.
You can use the loan calculator to answer usual questions such as: what will be your loan payments given the property cost, interest rate and term of amortization. The value that you will obtain as a result can change if you change any of the principal parameters. Also is interesting to change the years for knowing how long you will take to pay off your loan depending on the money that you will pay monthly.
This calculator should be used just for general calculations purposes and not for making any financial decisions because there are other costs in addition to the loan payments that you have to have in count. Besides we recommend you to pay attention to the rules and regulations about loans of your Country.
Privacy
Given the app's lack of permissions requests, it appears to be a secure and private option for users. However, users should still be cautious when using any financial app, and it's recommended to review the app's terms and conditions to understand what data may be collected. Additionally, users should ensure they are downloading the app from a trusted source to avoid any potential security risks.
Tips
To get the most out of the Loan Calculator app, users should start by inputting their loan details and exploring the amortization table to understand their payment schedule. Users can also experiment with different loan scenarios to compare and contrast different options. Additionally, users can consider using the app in conjunction with other financial management tools to gain a more comprehensive understanding of their financial situation.
What's New
Version Information
- Version
- 8
- Downloads
- 100K+
- Updated on
- Jul 2, 2025
- Released
- Mar 25, 2016
- Requires
- Android 9
Statistics
Google Play Rating History
Rating Distribution
Downloads Over Time
Loan Calculator has been downloaded times. Over the past 30 days, it averaged downloads per day.
Shaded area shows 30-day prediction based on historical trends
Historical data collection started recently. More data points will be available over time.
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