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Version
1.1
Size
475.88 Kb
Updated
9 years ago
Released
22 Apr 2010
Screenshots
Description
iLOANcalc
The Loan Repayments Calculator is intended to provide a general overview of what your monthly repayments may be depending on the repayment frequency requested, which is dependent on the term and interest rate.
Calculator Assumptions
Length of Month – Months are of equal length. However given some months are longer than others interest charged will vary depending upon the month.
Number of Weeks in a Year – One year is assumed to contain exactly 52 weeks. Thus each year has 364 days.
Rounding of Repayment Amounts – The calculator uses the unrounded repayment to derive the amount of interest payable over the full term of the loan, however, institutions round repayments to the nearest pence.
Interest Rate – The interest rate input in the loan section of the calculator is a nominal interest rate per annum.
Timing of Interest Conversion – The calculator assumes that interest is charged to the loan account at the same frequency as the repayments are made. In practice, there may be differences between the timing of the loan repayments and the timing of the interest charges being added to the loan balance.
Interest Rates – The calculator assumes that interest rates will remain the same.
Disclaimer:
This calculator is for informational use only and does not constitute tax or financial advice. Please consult a professional advisor for your unique situation.
Estimates
Availability
Devices
iPhoneFirstGen
iPodTouchFirstGen
iPodTouchSecondGen
iPhone3G
iPhone3GS
iPadWifi
iPad3G
iPhone4
iPodTouchThirdGen
iPodTouchFourthGen
iPad2Wifi
iPad23G
iPhone4S
iPadThirdGen
iPadThirdGen4G
iPhone5
iPodTouchFifthGen
iPadFourthGen
iPadFourthGen4G
iPadMini
iPadMini4G
iPhone5c
iPhone5s
iPadAir
iPadAirCellular
iPadMiniRetina
iPadMiniRetinaCellular
iPhone6
iPhone6Plus
iPadAir2
iPadAir2Cellular
iPadMini3
iPadMini3Cellular
iPodTouchSixthGen
iPhone6s
iPhone6sPlus
iPadMini4
iPadMini4Cellular
iPadPro
iPadProCellular
iPadPro97
iPadPro97Cellular
iPhoneSE
iPhone7
iPhone7Plus
iPad611
iPad612
iPad71
iPad72
iPad73
iPad74
iPhone8
iPhone8Plus
iPhoneX
Pricing by country
| Country | Price |
|---|---|
| Canada | free |
| China | free |
| France | free |
| Germany | free |
| Italy | free |
| Netherlands | free |
| Portugal | free |
| Spain | free |
| Poland | free |
| UK | free |
| India | free |
| Japan | free |
| Poland | free |
| Russia | free |
| Turkey | free |
| USA | free |
| Korea, Republic Of | free |
| Ukraine | free |
