iPhone / iPod touch: | iPad / iPad mini: |

Application **iCreditRate** represents a mobile loan calculator for **iPhone/iPod touch/iPad** which can estimate an effective annual percentage rate (EAR) of the loan, total payment value and plot a debts chart. The effective rate is estimated for loans with fixed-size payments (mortgage loans, auto loans, retail loans and so on).

**New versions of iCreditRate will support only iOS7 or higher.**

Currently the following types of the loans are supported:

- Generic loans with fixed-size payments
- 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 payments

Also the Loan Advisor mode is available.

The current version supports **APR** mode for the effective rate calculations. You may turn this mode on in the global settings of your i-Device.

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 in 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?

The application is available in the AppStore: **iCreditRate**

Here is the review of the application:

**“Estimate The Cost Of Loans And Credits With iCreditRate” by Jerry Harris**

You may find an additional contact information at the bottom of the web page.

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