Home Loan Calculator App for Australia

Generally, people find the math of loans or mortgages complicated and avoid calculating the facts prior to applying for a home loan. However, buying a house is a big expense and making a payment is an important thing that you have to commit for many years to come. Therefore, calculation of your current income, expenditure, and find the details about monthly repayments matter a lot before applying for a loan.

The calculation process has become easier with the introduction of free mobile apps based on Home Loan Calculator that can be downloaded on Android as well as iOS based Smartphones. A home loan calculator is an important tool that helps the users to determine the monthly repayment of loan by simply entering the total loan amount, repayment period on monthly, quarterly or yearly basis and the rate of interest. One such app is “Loans Calculator for Australia” that is available free cost on Google Play Store and iTunes, with features like Personal Loan Calculator, Car Loan Calculator, Home Loan Calculator and Stamp Duty Calculator.

Things you can do with this app -

• For calculation of home loan, a user needs to enter Loan Amount, Term (Years), and Interest rate.
• It will automatically calculate the repayment amount on fortnightly, weekly, monthly and yearly basis.
• Moreover, the information about the rate of interest paid and Principal paid also displayed on the screen of the app.
• This app provides the complete information about the repayment amount on weekly, monthly, quarterly and yearly basis.
• Apart from calculations, the app features stamp duty, fees and charges specific to Sydney, Canberra, Melbourne, Brisbane, and Perth.
• It offers state wise comparison of stamp duty along with the contact details of state revenue offices.
• The app also has an option to send an email to share the calculation report.

The app is developed by Loans Direct, a group of financial experts in Australia serving from last 8 years in the matters related to loans and mortgages.

Financial Calculations Made Easy with 'Loans Calculator for Australia'

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.