True iLoan 1.0


Category: Finance
Price: $1.99 (iTunes)

Description:

How can you find the best loan? The only way is to compare the true rate. The true rate take into account all the costs; the initial cost, the term cost and the interest. The rate - the nominal interest rate - given by the lending institutions tells only part of the story. In order to compare – all the cost of the loans lifespan should be included.

You can effectively bargain with the lending institutions. The true rate will tell which loan that is the best. Calculate on the fly whilst discussion with your lending contact person either on telephone or during your visit in the bank.

It can calculate both serial and amortizing(level payment) loans. Hence, loans for car and mortgage loan can be calculated, as well all other loans.

Communicate the loan details and the down payment schedule by type in email and push send – for example to another bank for getting a better offer - or to your self for your records.

The functionality includes:

- Very easy to use
- Available in English and Norwegian
- Calculation of true rate
- Loan details and payment schedule can be communicated by using email
- Gives overview of the monthly costs
- Gives overview of total cost, total interest and the payment schedule for the whole lifespan of the loan
- Very easy to simulate different lending scenarios, by changing rate, cost and down payment period
- Calculation done in every currency (independent)
- Can select different loan types; serial and amortizing (level payment)
- Save's the last used loan automatically
True iLoan



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