Loan Calculator - Mortgage, Car Loan, Student Loan description

A handy and useful Loan Calculator for anyone who is planning to take up a loan.

Use this loan calculator to determine your monthly payments for your home loan, car loan, student loan, or simple money loan to a friend.

Input your loan amount, interest rate, and repayment period, this Loan Calculator quickly computes the equated monthly installment (EMI) you need to pay to service the loan.

Beside the usual monthly payment calculation, the Loan Calculator can also reverse calculate any of the other 3 variables - loan amount, interest rate and repayment period.

How to use this Loan Calculator app:
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Key in
(a) Loan amount
(b) Interest rate
(c) Years
The result (d) Monthly Payment will be generated for you.

You can activate reverse calculation from the menu and select any one the 4 variables that you wish to calculate.

This app generates a comprehensive loan amortization schedules that you can email to a friend as a PDF file.

This app allows you to send a text message to a friend with a brief information of your loan using your favorite messaging apps.

And of course, this app generates a pie chart that shows you your total interest and loan amount as a percentage of your total repayment.

For comparison of loans with different variables, you can save multiple loans to the app's History where you can compare and analyze them. You can recall loan information from the app's History for later use (such as sending an email or message to a friend).

Loan Calculator is brought to you by ajMobileApps and is completely free to use.

Download this Loan / Mortgage Calculator now!