Loan Comparison by Jostein Håvaldsrud (Universal)
Released: Apr 19, 2011
Version: 1.0
Size: 273 KB
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Ranking - Finance (iPhone)

Ranking - Finance (iPad)

Loan Comparison

Jostein Håvaldsrud
Refinancing? Considering a new loan? Comparing two offers of loans?

Welcome to an application tailored to compare your existing loan(s) with a new one and to simulate consolidation of your existing loans in one new loan.

The goal with this application is to provide you with insight in the difference in monthly pay, principal payments, total cost, effective interest, potential tax deduction and cash flow when comparing loan offers or considering consolidation of loans.

The conclusion is in written English to make it understandable for all regardless of knowledge about banking and financing. Intuitive graphs helps to make the comparison and refinance planing even easier.

The application easily sends E-mails including details of a loan and amortization schedule.

Calculates effective interest based on internal interest rate to show you the actual cost of the loan(s). Settings to handle rounding and display of decimals.

The application supports interest free months/years and tax reduction on interest in case this applies to your country.

use the app to empower yourself with more information to save money on your loans.

(No Adds or InApp-purchase)
Our verdict: Meh!
  • Loan Comparison is a poorly rated app (2-star).
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