Introduction
What we have here is a great iPhone and iPad app for those of you who are either thinking of taking out a loan or are currently paying off an existing one, with loads of information and handy tools to help you make the most of your situation and improve your finances on an ongoing basis.
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I really like the idea behind this app and would definitely recommend it to any of you who are looking for a way of working on your financial situation. Using ‘what if?’ scenarios is a great concept that should definitely help you think outside of the box where necessary.
The app has also been laid-out very simple by the developer who seems to have put a lot of effort into providing a basic yet professional interface that people of all levels of experience should have no problem finding their way around.
Easily Compare Loans
Loan Calculator - What If? The best calculator for any loan payment (car, student, mortgage, credit card, bank, etc.) to reduce debt, save money, and improve finance. has basically been put together with the intention of helping you see how much money and time you can save with extra monthly and/or yearly payments on your loans.
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Any loans you are currently paying off can be inputted into the app and saved so that you can come back to them in the future for easy reference and comparison. This also works well for loans you’re considering so that you can compare all of the applicable rates to see which works out to be the best deal.
Loan Calculator screenshot 1
Enjoy Automatic Loan Calculations
The information of your repayments is largely presented in the format of a spreadsheet, and every time you update a field the app will automatically perform the relevant calculations to keep the data as accurate as possible.
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All in all I think you’ll find this to be a very useful utility for crunching some numbers and conjuring up an intelligent approach to your finances.
Loan Calculator screenshot 2
Pros and Cons
Pros
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See how much money and time you can save with extra monthly and/or yearly payments
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Save all of your loans for quick and easy future reference and comparison
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Enjoy a super simple layout with handy calculators for every aspect of your loans
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Calculations are made automatically each time a field is updated with new information
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Share your loan information with others online via email
Cons
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There is nothing negative to say about this app
Loan Calculator screenshot 3
Final Words
Loan Calculator - What If? The best calculator for any loan payment (car, student, mortgage, credit card, bank, etc.) to reduce debt, save money, and improve finance. for iPhone and iPad is cheap and effective, so check it out!