Simple Loan Calculator

Simple Loan Calculator was created as an aid to those who either already have some sort of loan taken from the bank or who want more details about the commitments of loaning any sum from the same institution. Don't be fooled by all the numbers in the list. As far as the user is concerned, there isn't much information that is required by the app to calculate your interest and simulate a reimbursement plan.

Add the amount of your loan, the interest percentage, the number of payments, and the frequency, hit the Calculate button and the plan will immediately be visible on the right side of the screen. The summary will also offer some details on your loan plan's main points. You'll instantly understand how much money is to be reimbursed each month or week, the resulting bank interest, and the grand total after you've paid every last penny.

Simple Loan Calculator is an interesting application that might just be the reason you need to make up your mind regarding a long-term commitment with any banking institution. Taking a loan is not something to joke about. On the contrary, it's quite serious business, especially if the sum you're thinking about has lots of zeros.