Loan Calculator IQ 1.3.8

Handy Apps – Freeware – Android
out of 5090 votes

Loan Calculator IQ is a valuable tool for individuals seeking to obtain a mortgage from a bank, finance a car through an auto loan, or lend money to a friend.

Basic EMI Calculator for Mortgage, Car Loan, or Student Loan:

Whether you are pursuing a student loan or a housing loan, a common question arises: How much do you need to pay each month and for how long?
To determine the Equated Monthly Instalment (EMI) required to service the loan, simply provide the loan amount, repayment period, and interest rate in Loan Calculator IQ.
In addition to typical monthly payment calculations, this app also allows you to compute any one of the following attributes based on the other three inputs:

Monthly or yearly payment for home loans, student loans, or car loans
Bank's interest rate
Loan amount
Loan term

How to use Loan Calculator IQ:

Select the variable you wish to calculate, enter the values for the other three variables, and the result will be generated for you.
An interactive pie chart displaying your total interest and loan amount as a percentage of your total repayment is also available.
This free loan/mortgage calculator app offers comprehensive loan amortization schedules and interactive graphs.

Loan Calculator IQ is brought to you by Handy Apps and is completely free to use.

Download this Loan/Mortgage Calculator now!

Overview

Loan Calculator IQ is a Freeware software in the category Business developed by Handy Apps.

The latest version of Loan Calculator IQ is 1.3.8, released on 11/25/2023. It was initially added to our database on 11/25/2023.

Loan Calculator IQ runs on the following operating systems: Android.

Users of Loan Calculator IQ gave it a rating of 4 out of 5 stars.

Pros

User-friendly interface makes it easy for anyone to use.
Offers various loan types including personal, auto, and home loans.
Includes options for fixed and variable interest rates.
Ability to customize loan terms and see different amortization schedules.
Provides detailed calculations to help users understand the impact of different scenarios on repayments.
Includes helpful features such as a monthly payment calculator and a total payment calculator.

Cons

Limited advanced features compared to some dedicated financial software.
Basic version may not include all functionalities unless upgraded to a premium version.
Some users may find the app's layout to be less intuitive than preferred.
Lack of integration with banks or financial institutions for direct loan management.
Occasional bugs reported by users may affect calculation accuracy in rare cases.

Screenshots (Click to view larger)

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