Tuesday, June 28, 2011

New android app: True Loan Rate Calculator

Have just uploaded a new application to the Android Market: https://market.android.com/details?id=com.andtek.wetnose.ecp - True Loan Rate(formerly, True Borrowing Cost). TLR helps you to compare real costs of loans (mortgage, mainly) in different banks: it is a relative measure. It calculates loan annuity and differential payments.

TLR takes into account a lot of different parameters that banksIt mainly reflects Russian mortgage system, but math is same across the world and many if not most loan calculations are same also, so you can apply them locally. Please, feel free to ask any questions.