Tuesday, June 12, 2007

"Loan Calc"

Consumer: Financial software buyers

The purpose of Loan Calc is to help consumers determine what the payments will be for repaying loans and what interest is going to cost.

Pros: Have you ever applied for a loan or a mortgage and sat there with baited breath while the loan officer punched numbers in and mysteriously determined what your monthly payments will be? We’ve all been there. It will be much a much less stressful situation for you if you apply for a loan or mortgage already knowing what the monthly payment total will be and that you really can afford it.

The Loan Calc can do just that for you. According to the designers of Loan Calc, “Loan Calc is an easy-to-use tool intended to calculate loans and mortgages repayments in a very simple way. Loan Calc calculates repayments amount, monthly and total interest, total repayments and generates a full repayment list from a start date Furthermore Loan Calc allows you to save the repayment list to a text file or an Excel sheet.”

Cons: The information provided by Loan Calc actually can be found free on the Internet. But the software does make determining loan payments and interest costs easier.

Guarantee: There is a 30-day warranty that reads in part, “MAX Programming warrants for a period of thirty (30) days from your date of purchase. Any implied warranties on the Software are limited to 30 days. Some countries do not allow limitations on duration of an implied warranty, so the above limitation may not apply to you.” Additionally on the download page you can find this statement, “All Maxprog products are downloadable from this web site and are not only "try before buy" but also carry an unconditional money back guarantee if not satisfied within 30 days!

Value for money: The Loan Calc is a good value and does deliver what it says it will deliver.


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