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Free loan software?

Posted: Sat Dec 23, 2006 6:20 am
by PB
Can anyone recommend a good loan program that will let me enter the initial
loan amount, interest rate, payment frequency, etc, but will also let me add in
additional payments and change of interest rates; such that it will recalculate
on the fly and show when the loan will be paid off? It should also show which
days payments are due and so on, as a list with dates. (I'll probably have to
write one, though). :)

Edit: Also, the interest is added to the current amount owing at the end of
every calendar month.

Posted: Sat Dec 23, 2006 12:05 pm
by Derek
http://www.pine-grove.com/Loan%20Calcul ... /index.htm

Haven't tried it but it looks like it might suit your needs.

Posted: Sat Dec 23, 2006 12:45 pm
by mskuma
Maybe this code from netmaestro is a starting point
http://www.purebasic.fr/english/viewtopic.php?t=21391

Posted: Sat Dec 23, 2006 12:55 pm
by PB
I did see netmaestro's code but I can't understand financial stuff, which is why
I was hoping to get a good app instead so I wouldn't have to think. :) The app
that Derek pointed out looks okay, I'll have to see if it suits my needs.

As an example of my problem, I have a loan where the balance jumped from
$11894.31 by $101.70 to $11996.01, and the interest rate is 9.95%, so I was
wondering how the $101.70 got calculated to get that new balance?