Loan Calc with amortization
com.rlancer.loanrs
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Description
Loan Repayment Calculator App calculates the loan repayment amount. User can choose the frequency of repayments and repayment type i.e. principal & interest and interest only.
Inputs needed are:
1. Loan Amount
2. Interest Rate.
3. Loan Period (Yrs).
4. Repayment Frequency ( Annually, Monthly, Fortnightly and Weekly).
5. Repayment Type ( Principal & Interest and Interest only).
Result will include:
1. Loan Repayment Amount as per repayment frequency chosen.
2. Total Loan Amount - Total amount paid including interest.
3. Interest Paid - Total interest on the given loan amount.
4. A chart displaying the total loan amount and principal paid.
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5. Mortgage table displaying principal paid, interested paid and balance amount per installment.
The calculations are checked thoroughly and are highly accurate.