A full version program for iPhone, by OxbowSoft LLC.
The Debt Payoff Planner and Loan Calculator app is a free tool to help you pay off your loans faster. You will need to provide your loan balance, the annual percentage rate (APR), and the minimum payment amount. The app will then calculate the best repayment plan and how long it will take until you will be debt free.
We recommend the Debt Snowball strategy because we believe that paying off individual accounts faster will help you stay focused on your financial goal of debt elimination. A payoff plan is only useful if you stick with it!
We allow the user to enter a payment amount and date to pay the loan off. The app will track the amount paid and how long it has taken to pay off the loan.
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