iLoan - Personal Loans 2.7

Have you ever lent money to someone or needed to keep track of partial payments on a personal loan? Perhaps you've experienced difficulties in maintaining accurate payment records and tracking loan balances, or you're engaged in micro-lending. If any of these scenarios resonate with you, iLoan is the ideal application.

iLoan distinguishes itself as more than a typical financial calculator or amortization schedule. It serves as a specialized tool for managing your loaned funds, enabling you to monitor loans to others, your own loans, or even bank loans efficiently. Its functionality includes recording multiple loans, tracking payments, and calculating the current payoff balance for each loan. The embedded amortization calculator simplifies loan configuration.

• Enter new loans with origination balance, interest rate, and origination date.
• View individual loan status displaying the current balance and payment history.
• Input new payments promptly.
• Edit existing payments conveniently.
• Facilitate borrower communication by sending loan statements and payment receipts.
• Utilize the amortization calculator to compute amortized payments and view the amortization table.
• Discover the impact of additional principal payments on loan cost using the "What If" calculator.
• Safeguard your data through regular iTunes backups and export iLoan data for extra security.
• Collaborate by inviting others to record payments and send receipts on their devices.

Please note: iLoan is intended for personal use only and cannot support loan or credit applications with financial institutions.