Personal Loan: Kira Ansuran

Loan calculator and debt repayment plan in one app. Enter the loan amount, term and interest rate to see the monthly installments, total interest and total repayment. Then add the loans you are currently paying to see when you will be debt-free.

All calculations are done on your phone: without internet, without an account and without a phone number.

FIVE CALCULATORS

1. Loan calculator. Enter the amount, term and interest rate, and see the monthly installments, total interest and total payment. Can be used as a personal loan calculator, for personal loans, car loans or any loans with fixed installment payments.
2. How much installment can I afford. Enter your current income and commitments, and see the monthly installment that still fits into your budget.
3. Compare two loans. Put two options side by side and see which is cheaper in total, not just in installments.
4. Early payment. See how many months can be shortened and how much interest can be saved if you pay more each month.
5. Debt burden. What percentage of your income goes to installments and how much is left.

REFUND PLAN

Add each loan you have: outstanding balance, interest rate and monthly installments. The app will show:

• when you are debt-free and how much interest you still have to pay
• what changes if you increase your monthly payments
• two payment orders: highest interest rate first or smallest balance first, with the cost of each
• your loans as numbered steps, with the time to complete each

Use it to review your debt consolidation plan before making a decision, or to see the impact of paying off one loan early.

The loans you enter are stored on your phone only. Nothing is uploaded.

EXAMPLE

RM20,000 loan for 36 months at 9.5% per annum: installments around RM641 and total payments around RM23,064. Same loan for 84 months: installments down to around RM327, but total payments up to around RM27,458. A longer term costs about RM4,394 more.

Change any number and the results change instantly.

ORDERS PROVIDED

• Unit price: compare two package sizes and see which one is more worthwhile
• Principal and interest charts, as well as payment schedules with and without additional fees

FOR WHOM

• You already have a loan quote and want to check the installments and amounts yourself
• You are paying several loans and want a clear arrangement to settle them
• ​​You plan to pay more and want to know how much you have saved
• You want to know how much of your income is tied up in debt

WHAT THIS APPLICATION DOES NOT DO

• Does not provide loans and does not deposit money into your account
• Does not accept applications or documents
• Does not display a list of lenders and does not connect you to any parties
• Does not check or change your credit record
• Does not provide financial or legal advice

IMPORTANT INFORMATION

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

All figures are estimates based on the data you enter. Interest is calculated on the reducing balance, with the annual rate divided by twelve months. Many personal loans use a flat rate, so your actual instalments may vary. Calculations do not include fees, stamp duty or insurance. Always check the final cost in your own loan agreement.

This app is free and contains ads.