Interest Payments

Financial Assistant: Loan Calculator Key functions: • Calculation of interest on loans • Calculation of penalties • Calculation of installment payments • Automatic formation of the accrual / payment schedule • Storing data on all loans issued Available for free: Interest calculation You need to specify: ? the date of receipt, the date of repayment, the amount and percentage of the loan The app counts: > How many days are between the dates (from the beginning of the day to the beginning of the day), > list of years, the rate for this year (in a leap year, the rate for 1 day is slightly less) > list of months, how many days the loan was in this month, the amount for the month > total, how many days of the loan and the total amount of payments The days are calculated based on the day of issue and the day of return, so there is always 1 day less between the dates than the total days. Calculation of penalties You need to specify: ? the term of payment by the contract, the settlement date, the amount and percentage of penalties. The percentage of penalties can be specified both per day and per year. The app counts: > how many days are overdue (from the beginning of the day to the beginning of the day) > amount of penalties Additionally, it displays a formula on how penalties are calculated at this moment. Calculation of debt/ installment payments You need to specify: ? the date of receipt, the amount received, the installment period, and the final amount. The app will display: > The repayment date > monthly payment (equal every month rounded up to 100) > balance, final payment Paid features: Creating and storing a loan list In each loan, you can specify: the date of receipt, the date of repayment, the amount and percentage of the loan. If a loan does not need to be included in the general list, then it can be marked as hidden, it will be calculated separately. For each loan and for the entire list, a payment schedule is formed, by year and by month, indicating the amount of payment. The user-friendly interface allows you to quickly enter data on new loans and track the status of existing ones. The application automatically calculates the amount of monthly payments, including interest, and generates a clear repayment schedule. Manage your loans efficiently with our app!