Loan Calculator 1.1.0.0
Those who want to have all the computations ready at hand to help them analyze the payment and interest related details for loans can try out one of the many specialized tools that could come in handy.
For Windows Phone users, a utility like Loan Calculator could take care of all the necessary calculations on the spot and show the projected payment schedule, the interest and principal payment chart and more.
Dull and practical interface
This app comes with a fairly decent interface that features a simple background and some graphics that match its lack of complexity and focus mostly on practicality.
The structuring of the content inside the various sections of the utility is done pretty well, with all the functions and commands in plain sight and easy to reach.
The navigation among the several modules of Loan Calculator is are smooth and without glitches, but there is a quite irritating letdown related to the ad banners that appear inside the application and keep on changing in the upper side of the screen.
Fill in the required fields and get the calculations
This utility is ready to carry out payment and loan amount computations with a couple of taps, so as soon as you finish adding the necessary data you can tap the "Calculate" button to see the results.
The data you have to provide consists of the total loan amount, the interest rate and the term, expressed in years and months. You can also choose the payment type, which can be either fixed or differentiated.
Loan summary, amortization and chart at a glance
After tapping the button that prompts the app to carry out the calculations you will be taken to another module of the app where you can see the full summary of the computations concerning the respective loan.
The application displays the mortgage payments you have to make for the chosen period of time on a monthly basis. On the downside, there are no options to export or save the data and the results cannot be copied or shared in any way.
The "Chart" section of Loan Calculator offers a graphical representation of the payments, so you can check out how much of the interest and the principal you have to pay at regular time intervals.
A neat thing about the app is that it adapts to landscape screen orientation instantly, so the chart can be viewed in a more convenient manner.
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0/5
Hits & Misses
hits
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misses
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Bottom Line
Design / UI5
The front-end is lacking visual appeal and only the practical aspects save it some points, because the ad banners that appear in every corner of the app. |
Function7
The calculations this app is able to carry out are most welcomed, but the feature set is rather limited and users cannot save or share the results. |
Security7
There are many secure areas of the system in which this application needs to look into and they are not related to the actual functionality. |
Battery3
Loan Calculator needs a whole lot of energy to function properly and its massive power consumption depletes the battery very quickly. |
Price9
The basic function that this utility provides is free of any costs, but users will have to put up with the ad banners that require a purchase to remove. |
Compatibility10
The vast majority of users will be able to have this tool up and running onto their devices, as long as these are powered by Windows Phone 7.5 or above. |
Specifications
- price:
- Free with ads
- current version:
- 1.1.0.0
- reviewed version:
- 1.1.0.0
- developer:
- Viacheslav Smitiukh
- category:
- FINANCE
- os version req.:
- 7.5, 8, 8.1
- age rating:
- N/A
- in-app purchases:
- Yes. remove ads
- hits:
- 420