This app is free and does not send you a single ad! It doesn't store your IP address or any other information about you whatsoever.
This calculator shows you how long it will take to repay a loan. Enter the initial loan amount, the annual interest rate (APR), and the amount to be repaid each month.
It will also tell you if your proposed monthly repayment will never repay the loan amount (because the interest charged exceeds the repayment).
One difference between this calculator and most others is that it updates immediately a field is changed, ie. you don't need to fill in all fields and then press a 'calculate' button.
The first time you run the app you will be asked to select your preferred currency symbol - currently US dollar, UK pound and European euro are supported.
From v1.2 it also tells you how much interest you will pay on your loan.
From v1.4 the app can be moved to the external SD card to conserve internal memory space.
NB: This app runs on top of the Adobe Android AIR runtime. If not already installed on your device, you will be prompted to install it when you first run this app. Adobe AIR is the standalone version of Adobe Flash Player that serves you rich multimedia content every time you browse the web.
