How application works and what information will be provided
Simply you need to input following information.
1. Car price,
2. Down payment (it will be automatically calculated 20% of car price, which could be changed as per requirement.)
3.Interest Rate and
4. Loan period ( in Yrs, not Months)
then press calculate button
application will provide you the following information.
1. Monthly installment
2. How much interest you will be paying during full loan period.
3. how much interest you will pay monthly.
Application will also give you option to avoid full down payment or pay 10% if you have such provision to do, such as finance is provided by company or just for getting general idea of extra interest accumulated.
finally you have clear button to clear form.
2 new options has been added for raising quotation value by 10 or 20% in order to manage down payment value.
Loan period has been specified as years (Yrs) next to loan period. before it was not specified. So please make sure you are putting loan period ad Year.
this application has been redesigned by keeping small screen devices in mind, as small as 3.2". Now all the contents of the application will be clearly visible for small screen devices.
a new feature has been added in the form of button called Restore. It makes it possible to check all the possible options with one single set of data feed. Look and feel has also been improved for complete app.
please feel free to contact me or just comment for any suggestion or feedback.
Tags: loan calculator.
This application has got Best App Award! from bestappsmarket.com. following is the link for the same.