價格：免費
更新日期：2015-08-30
檔案大小：4.3M
目前版本：1.0
版本需求：Android 2.2 以上版本
官方網站：http://www.inspirefoundry.com
Email：info@inspirefoundry.com
聯絡地址：Bangalore
Borrowing is not a bad word. However, there is a difference between borrowing for necessities and luxuries. Purchasing a Residential House is a necessity for the employed, whereas buying an office is a necessity for a professional. Sometimes, we borrow for comforts and little luxuries to fulfill our dreams and wishes like going for a better car for the family or that elusive foreign trip etc., We should be careful while borrowing for non-productive and depreciating assets.
One should not try to borrow as much as possible and then get in to the vicious debt-trap. One should to be careful about the reason for borrowing, amount borrowed and the outgo. Cost of loan is not what you borrow, but the amount you pay over the period of loan, which includes interest, upfront processing and other charges, early repayment / part repayment charges etc., Not all loans with lower interest rate are better loans, there may be hidden charges which make them costly. Hence compare loans taking all the factors into consideration before availing the best possible one.
Interest amount paid over the period, exceeds the principal amount by a wider margin as the term of the loan increases. In the situations where the interest rates are falling, loans become cheaper. In such cases, it is possible to reduce the interest burden by shifting the loan to another lender. Each loan offer should be analyzed for the cost reduction considering various factors that constitute the cost of borrowing.
Sometimes, we require additional funds for our business, unforeseen expenses or betterment of the assets purchased. Based on the current value of the asset and the purpose, lenders offer loans against the assets under our possession. It may be an additional loan topping up the existing loan or a loan against the property which is already in your possession without any encumbrance.
This calculator helps in taking an informed decision in availing right type of loan and for the right amount. We will be adding more features like Loan Schedule, email facility etc., in near future. Feel free to give honest your feedback by mailing to aasish.jwalapuram@gmail.com to enable us to improve this application further.