Loan Calculator Pro

4.70

Information

Category:

Finance

Price:

$ 1.99

Rank:

9

Rating:

4.70

Overview

Loan Calculator Pro is a comprehensive financial application designed for both Android phones and tablets that helps users manage their loans and investments effectively The app offers multiple calculators including Loan Calculator Advanced Loan Calculator Compound Interest Calculator and Simple Interest Calculator making it an essential tool for financial planning One of the standout features is the reverse loan calculation which allows users to determine any one of the loan variables given the other three Additionally users can calculate the impact of prepayments and interest rate changes on their loans The compound interest calculator provides detailed reports and visualizations helping users understand their investment growth patterns With its elegant Material Design interface and support for various calculation modes Loan Calculator Pro caters to individuals financial planners and students alike Overall this app is an invaluable resource for anyone looking to make informed financial decisions

Features

Loan Calculator Pro stands out with its extensive set of features Here are five notable ones 1 Reverse Loan Calculations - Users can find out one of the loan variables such as loan amount interest rate loan term or monthly repayment by providing the other three values 2 Compound Interest Calculator - This feature calculates both simple and compound interest for lump sum deposits withdrawals and regular transactions It also supports various frequencies and provides yearly and monthly reports in tabular format 3 Prepayment Analysis - The app allows users to input extra repayments and analyze the resulting interest savings and loan term reduction 4 Elegant User Interface - Featuring a modern Material Design theme the interface is intuitive and easy to navigate with distinct tabs for different calculation types 5 Comprehensive Reports - Users can generate detailed reports visualize data through graphs and charts and even email their financial reports for recordkeeping

Pros & Cons

Loan Calculator Pro offers numerous advantages for users managing finances Its key benefits include accurate loan calculations detailed investment reports and an intuitive user interface allowing for efficient financial planning However the app may have some drawbacks such as a potentially steep learning curve for beginners due to the wide array of features Additionally while the app handles large numbers effectively some users might find the absence of ads makes the interface less cluttered but also removes potential guidance prompts Overall Loan Calculator Pro is a powerful tool for anyone needing detailed financial analysis and planning