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Now in the App Store

LoanRate
for iPhone

LoanRate is an super-easy-to-use app which calculates your next loan (annuity loan) with a snap.

The App provides a quick and easy readable overview of

  • the installment,
  • the sum of paid interest and
  • the effective rate of interest.

There are no unnecessary buttons or switches. All you need to do is tap in the data, close the keyboard and the results are already there.

All number formats and currencies are localized according to the region that is set up in your device.

 

Screenshots

LoanRate_1 LoanRate_2 LoanRate_3 LoanRate_4

 

Annuity loans

Annuity loans are amortizing loans, which have constant installments. These installments contain an amount of interest and an amount principal.

Since the redemption lowers the remaining loan debt, the amount of interest per payment decreases and the amount of paid principal rices.

Mortgage loans are typically annuity loans.

Disclaimer

The calculated loan rate and total expenses may vary from offering of your bank. We do not guarantee the accuracy of the calculated result.

Graphic-Design: Stefan Trebbin, LSCP UG (haftungsbeschränkt)

image: calculation of a budget © parazit - Fotolia.com