Loan & Interest Calculator brings loan repayment calculations and simple and compound interest calculations together for exploring financial scenarios. Its loan tools let users calculate a loan amount, interest rate, loan term, or monthly repayment from the other values, and examine how changes to a loan may affect repayments and interest.

Loan calculations and repayment scenarios

Users can calculate the effect of making pre-payments, including potential interest savings and changes to the loan term. The calculator also handles changes in interest rates and their impact on monthly repayments, loan offset accounts, and repayment holiday periods. A loan expense tracking feature covers costs such as fees, insurance, and maintenance charges, and users can save loan calculations.

Simple and compound interest planning

The interest calculator handles positive and negative amounts, with options for deposit or withdrawal frequency and compounding frequency. Users can change the amount of regular deposits or withdrawals and specify how long those regular transactions continue. The calculations can cover profit or loss scenarios as well as simple interest. Results include the maturity amount, total deposited, and total interest earned.

Yearly and monthly reports present results in tables, while graphs and charts provide another way to view them. The app also includes an email reports feature.

Modes and device support

The app offers basic and advanced calculation modes in an interface organized with tabs. It is described as working on phones and tablets and as not requiring an internet connection. These interface and device details support access to its loan and interest tools, while the calculations themselves focus on user-specified loan, rate, deposit, and withdrawal scenarios.