iCreditRate 1.1.1
Device: iOS Universal
Category: Finance
Price: $.99 -> Free, Version: 1.1.1 (iTunes)
Description:*** We have a great holiday on August 23d, so the app will be FREE for a limited time **** Now supports iPad mini & iPad with Retina *Would you like to get a loan or already have one? Would you like to get a new one? Are there any additional payments, commissions and fees?Now with iCreditRate you can estimate a real cost of the loan - its effective rate. All calculations are made for loans with fixed-size payments.Currently the following types of the loans are supported:* Generic loans with fixed-size payments (also can be used for mortgage loans, auto loans and so on: you must correctly set loan size and other parameters)* Microloans with fixed-size weekly payments or with the payment at the end of the term* Retail loans with fixed-size payments* Mortgage loans with fixed-size paymentsBoth compound rate and APR modes are supported.Here is an example:The bank have sent you an offer: very advantageous loan, the rate is 18.16% per year, the total amount is 100 000 USD, loan's term is 2 years, the monthly payment is only 5 000 USD. The one-time fee is 5 000 USD and the monthly commission is 1 000 USD. Fill all application fields and press "Next". You can see that a real loan rate is 53.49% per year. Maybe it is better to look for a more friendly loan?
What's New
Minor interface improvements.Reinstall the application if there will be any problems after the update.
iCreditRate