Latest Version
1.3.8 Safe to install
1.3.8 Safe to install
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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