Кредит: Платіж і Переплата

How much does a loan really cost? Enter the amount, term, and rate — the app will show you the monthly payment, overpayment, and total amount due. Then add the loans you are already paying and find out when you will close the last one.

Everything is calculated on your phone: without the Internet, without registration, and without a phone number.

WHAT YOU CAN CALCULATE

1. Loan payment. Amount, term, and rate — the result is the monthly payment, overpayment, and total amount. Suitable for a consumer loan, car loan, installment plan with interest, or any loan with equal payments.
2. What payment will I make? Based on your income and current payments, you can see what monthly payment still fits into the budget.
3. Comparison of two loans. Two sets of conditions side by side — by total cost, not just by payment.
4. Early repayment. How many months do you take out and how much interest do you save if you pay more each month.
5. Credit load. What percentage of your income goes to payments and how much is left.

REPAYMENT PLAN

Enter each loan you have now: the balance of the debt, the rate and the monthly payment. The application will create a plan:

• how long it will take you to be debt-free and how much interest is still ahead
• what will change if you add a certain amount each month
• two repayment orders — highest rate first or smallest balance first — and the cost of each
• your loans as numbered steps, with a closing date for each

Useful when deciding which loan to close first, or checking whether it is profitable to combine several debts into one.

The entered data is stored only on your phone. It is not sent anywhere.

EXAMPLE

$50,000 for 12 months at 40 percent APR: payment of about $5,120, total of about $61,480. Same amount for 24 months: payment decreases to about $3,060, but total of about $73,430. Longer term costs about $11,940 more.

Change any number and the result will update immediately.

ALSO IN THE APP

• Price per unit: compare two packages and see which one is more profitable
• Loan principal and interest schedules, payment schedule with and without surcharge

WHO MAY NEED IT

• You have been told the terms of the loan and you want to check the payment and total amount yourself
• You are paying several loans and are looking for a clear procedure for closing them
• ​​You are thinking of paying more and want to see savings
• You want to know how much of your income is already going into debt

WHAT THE APP DOES NOT DO

• Does not issue loans or transfer money to a card
• Does not accept applications and documents
• Does not display lists of banks or financial companies and does not connect with them
• ​​Does not check or change your credit history
• Does not provide financial or legal advice

IMPORTANT INFORMATION

This application is a calculator. It is not a bank or financial institution and is not affiliated with any lender, credit bureau or government agency.

All figures are estimates based on the information you enter. Interest is calculated on the outstanding balance, with the APR divided by twelve months. Fees, insurance and penalties are not included, so the actual APR in your contract will be higher. Always check your contract for the final cost.

The app is free and ad-free.