LoanRate is your credit calculator for the easy calculation of your next credit / annuity loan .
The credit calculator provides a quick and easy to read overview of
• the amount of the credit rate,
• the amount of interest paid and
• the annual percentage rate.
Please note that this app is available as a free app and also as an ad-free paid app.
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Annuity loans are amortizing loans, which have constant installments. These installments contain an amount of interest and an amount principal. Since the redemption lowers the remaining loan debt, the amount of interest per payment decreases and the amount of paid principal rices.
Mortgage loans are typically annuity loans.