When
you want to apply for a loan from a bank or lending institution based
in Australia, it is imperative that you must be aware financial
aspects like the rate of interest you need to pay during the
repayment process. It will help you to make an informed decision on
the amount of loan that you want to apply.
A
loan calculator is an effective tool that will automatically
calculate the amount of interest you will be charged during the
repayment process by considering the period and other important
factors. Loans Calculators can be used to compute the government or
private loans, Personal Loans, mortgage payment and car loan
payments.
Now
you can even get the complete information about the repayment process
on weekly, monthly, quarterly and yearly basis with the help of
“Loans Calculator for Australia” which is a Smartphone app
available on Play Store as well as on iTunes. You can download it
free on any Android or iOS based Smartphone.
The
main features of this app are:
- A user can calculate loan repayments and borrowing limits.
- The app represents the Graphical summary of a loan to pay off.
- With the help of this app, a user can calculate the extra payment frequency to payoff sooner.
- The app also consists of lump sum calculator to save the rate of interest and other extra charges that may incur on your loan.
- On this app, the state wise comparison of stamp duty is given.
- It also features grants and concessions.
- The app has an option to send or share the calculation report via email by pressing the email button.
Therefore,
we can conclude that this single app contains the Personal Loan
Calculator, Home Loan Calculator, Car Loan Calculator and Stamp Duty
Calculator and all these are vital to do financial calculations prior
to apply for a loan.
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