Particularly in the case of mortgage loans or other long-term loans, the borrower rarely has an overview of the future rate or the future development of the residual debts without an amortization plan.
With this app you get an overview:
• You receive a detailed interest and redemption plan and obtain complete transparency.
• The interest and redemption plan is displayed in tabular form, but also graphically.
What inputs are required? Only the loan amount, the target interest rate and the repayment or alternatively the desired credit run time must be indicated. Finished! The rest is borrowed from the app.
For further flexibility,
• take account of special repayments,
• change the repayment during the term,
• adjust the number of payments (e.g., 3-monthly payment for KfW loans), or
• adjust the interest calculation method.
Further functions are successively developed and made available via updates.