In short
Loan & Interest Calculator Pro is an Android retirement planning app developed by RK Apps.
Highlights
It has great graphs and an ACI component
Clean retirement planning tool
Financial calculator to illustrate future investment performance
Finally I have found a calculator that has the monthly payment option
If you want a compound interest calculator this is a good one
Could I refund the second purchase of your app
Description
This is the paid version of "Loan & Interest Calculator"App. The only change from the free version is that the Ads have been removed.
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:
* 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
* Heaps of features at very less price
* No Ads or In-app purchases
DISCLAIMER:
Kindly consider this calculator as a guidance only. Investors are required to make their own assessment before investing.
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