Calculate My Loan

Not everyone earns enough for a balanced living, thing which can force you to rely on loans from a bank. Numbers can add up pretty quickly, and it’s best to know all details right from the start so you don’t end up with too much debt on your plate. This is exactly the purpose of Calculate My Loan, with various info fields to show.

Once setup is done, you’re offered to have the application launched to see what it’s all about. The interface is pretty intuitive, and includes quite the variety of detail field, as well as different operation modes, such as payment, loan, period, or rates. On the bright side, there’s even a quick access button to Windows Calculator.

Depending on what you’re interested in, different fields get highlighted, and those are automatically calculated based on the others you fill in. As such, you might need to provide the loan amount, frequency, period, and rates, with values provided for PMT, total paid, interest paid, and the exact total paid.

Just to make things more accurate, the application includes an insurance and taxes component you can either discard or include in calculus. Don’t be fooled by the default currency symbol, because it doesn’t have any impact on calculated values whatsoever.

You can expand the window for a larger overview of the situation. This calculates a periodical chart, with options to set loan and interest rates incrementation. Values can be printed out on a sheet of paper, but can’t be copied or saved to file.

All things considered, we can state that Calculate My Loan is the type of application to use before attempting to grab a loan from a bank. It’s lightweight, and provides a whole variety of methods to calculate almost all details of interest.