Loan Plan for iPhone - Free download and software reviews - CNET Download.com

Loan Plan for iPhone

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CNET Editors' review

Loan Plan for iPhone is a budgeting app that lets you crunch the numbers on a proposed loan to see if it is good or not. Loan Plan for iPhone installs easily and costs $3.99 through the App Store.

Loan Plan for iPhone lets you enter basic loan information (term, principal, interest rate) and displays your loan payments and amortization schedule. It also shows you the credit capacity you have, based on your income and expenses, letting you know if you can really afford the loan. You can save the results in a file so you can compare loan offers from multiple sources. You can also send the results through e-mail or text, or export them in a PDF document.

The purpose of Loan Plan for iPhone is simple and it does the job it was designed for. The ability to save results is nice, but even better would have been a side-by-side comparison of the results. Still, limited screen space on the iPhone limits what you can see. While there are other apps that accomplish the same purpose, some for free, Loan Plan for iPhone is a nice app that does what it was designed for and is easy to use.

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All User Reviews

Results 1-1 of 1

  • 5.0 stars

    "Well designed with exclusive features"

    September 29, 2009  |   By kamsB92

    Version: Loan Plan for iPhone 2.0

    Pros

    - Complete loan calculator (interest, insurance, credit cost)
    - Easy navigation into the amortization table
    - Amortization sheets can be exported to PDF and sent by email
    - Loan projects can be saved and sorted
    - Credit capacity info

    Cons

    - Needs internet connectivity to get the nice 2D/3D charts

    Summary

    I just discovered this app after having tested many free and paid loan calculators.
    I really enjoyed the design and the exclusive features such as the 3D charts and the amortization table export.
    Giving much more than just the monthly payment, Loan Plan definitely deserves to be owned.

    Reply to this review

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