Everyone

droidjunkie

Lollipop

Loan Repayment Calculator App calculates the loan repayment amount. User can choose the frequency of repayments and repayment type i.e. principal & interest and interest only.

Inputs needed are:

1. Loan Amount

2. Interest Rate.

3. Loan Period (Yrs).

4. Repayment Frequency ( Annually, Monthly, Fortnightly and Weekly).

5. Repayment Type ( Principal & Interest and Interest only).

Result will include:

1. Loan Repayment Amount as per repayment frequency chosen.

2. Total Loan Amount - Total amount paid including interest.

3. Interest Paid - Total interest on the given loan amount.

4. A chart displaying the total loan amount and principal paid.

5. Mortgage table displaying principal paid, interested paid and balance amount per installment.

The calculations are checked thoroughly and are highly accurate.

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