Free Payment Calculators has created a free APR calculator that takes into account all available factors to create an accurate impression of a loan’s APR rate.

New York, NY -- (SBWIRE) -- 12/02/2013 -- APR, or Annual Percentage Rate, is a way of determining the amount of interest on a loan, mortgage or other form of financial aid as it is charged per year. This is a helpful figure as individuals can determine how much of the total loan per year is simply paying the interest rather than the original amount, and can affect consumer decision making. It is the truest form of comparing one loan to another. As APR gets harder to determine, Free Payment Calculators has created software that will reveal the APR based on a number of other factors so consumers can make informed decisions based on the APR rate and avoid predatory lending.

The APR Calculator is free to download and use can be used an unlimited number of times, with no features requiring additional payment. It takes just moments to download and install and has an intuitive user interface designed to make it easier than ever to calculate APR.

The software makes its APR calculations by asking for the loan amount together with any additional cost, the interest rate and the number of months the repayment scheme has been set for. The program then runs equations to determine the APR, monthly payment, total payment and total interest to give users the most accurate portrait of the loan.

A spokesperson for Free Payment Calculator explained, "APR is getting harder and harder to discover as more and more payday loan companies and other predatory lenders disguise the figure or hide it away in the small print so as to trap customers who would not otherwise commit to such a loan. We have created this calculator so individuals can reveal the APR through the information that is given by companies and make their decisions based on that information."

About Free Payment Calculators
Free Payment Calculators have been creating financial calculators for some considerable time in order to help individuals get a handle on what exactly they are committing to when taking our loans, mortgages and other financial aid. All the software they design is easy to use and free to download, with no adware or spyware. The calculators are highly regarded by users and critics alike, and can be found on the website or on CNET and Softpedia. For more information, please visit: http://freepaymentcalculators.com/free-apr-calculator.html

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Free Payment Calculators has released their latest creation, an interest calculator designed to help put abstract financial figures into real monetary terms for those thinking of committing to a loan.

New York, NY -- (SBWIRE) -- 12/02/2013 -- Usury, or the charging of interest on loans, was once considered illegal, but its success in making people rich has seen the law change and the idea to become standard practice. Now, every loan comes with interest, but there are so many different rates it can be difficult to get a handle on what exactly that means in concrete terms. To help with this, Free Payment Calculators has created an Interest Calculator that takes into account the many details of different loans to come up with an accurate depiction of interest in real terms.

The software is free to download and use and comes with an unlimited license, so individuals can enter the parameters of a hundred different potential loans and compare them to see who offers the best rate using the software. It is streamlined software that takes just seconds to install and open and is free of adware and spyware.

For those wondering how to calculate interest accurately, the software asks for every necessary parameter one by one and takes care of all the calculation on their behalf, demonstrating the results in a visual graph.

A spokesperson for Free Payment Calculators explained, "Interest rates are designed to be obtuse because if people were able to see the full amount on paper it would make them think twice and encourage them to make suppliers compete against each other. Our interest calculator can calculate accurately the level of interest individuals are paying on their loans across the lifetime of the loan and show how the interest payments vary when the lifetime is shorter or longer. This allows them to make the best decisions about their repayment plan before they are committed."

About Free Payment Calculators
Free Payment Calculators are a leading software developer in the financial field and have specialized in user friendly financial calculators. Operating for years in order to help individuals get a handle on what exactly they are committing to when taking out loans or mortgages. Intuitive interfacing and fast results are the priority and this has led to positive user reviews. All software is free from spyware and adware. For more information, please visit: http://freepaymentcalculators.com/free-interest-calculator.html

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Well known payment calculator software company releases new free application designed to demystify lending arrangements.

New York, NY -- (SBWIRE) -- 07/22/2013 -- Taking out a loan can be a nerve wracking financial arrangement. No one likes to be in debt, but sometimes it's necessary. Much worse than being in debt, however, is being in debt that is unaffordable. That's why it's vital to carefully consider any loan, and to fully understand all of the financial responsibilities that will be taken on as a result of the arrangement.

One piece of software that is helping people make sense of loans is Free Loan Payment Calculator, a new software application designed to crunch the numbers related to a loan. It's already getting a reputation as a vital software tool for anyone considering borrowing money.

The loan calculator is designed to help calculate repayments for a fixed term loan. The user simply enters the amount the loan is for, the length of the loan term, the interest rate, and any down payment or deposit that may be involved. The software then tells the user exactly how much their monthly repayment will be, as well as useful extra information like how much money they will have to pay in total, and how much of that will be interest and how much will be repaying the principal. Users can even opt to print out a payment schedule.

A spokesperson for the company said: "A loan is a big financial responsibility, and many people have found themselves in serious financial trouble by taking out loans that they can't afford. People generally enter into these arrangements because they don't fully understand the implications. They are uncertain about exactly how much they will have to pay every month, or for how long. Our loan payment calculator is designed to help people avoid this type of situation. The user just needs to enter information about the loan they are considering taking out, and the software will let them know all of the pertinent details. This is incredibly useful for anyone who is considering borrowing money, and best of all we've made it available absolutely free."

About Free Payment Calculators
Free Payment Calculators is a software house that creates payment calculators that demystify the world of finance for consumers. They help people fully understand the financial arrangements that they enter into, whether it's a loan, a mortgage, or a car loan.

For more information please visit: http://Download.Cnet.com/Free-Loan-Payment-Calculator/3000-2057_4-75937893.html

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Financial calculations software house releases Free Mortgage Calculator, an application designed to help people fully understand the implications of any mortgage arrangement.

New York, NY -- (SBWIRE) -- 07/22/2013 -- For the majority of people, a mortgage will be the biggest responsibility that they ever take on. After all, a house is likely to be the most expensive thing they ever buy. It's important to not enter into a mortgage lightly and without a full understanding of the responsibilities necessary. However, few people have the financial literacy to make that decision without careful calculation and analysis.

One piece of mortgage related software that is getting a lot of attention at the moment is Free Mortgage Calculator, an innovative new software application that helps people comprehend the financial implications of a mortgage. This intuitive piece of software quickly calculates mortgage repayments based on user inputted parameters. Since release it has helped thousands of people fully understand their potential mortgage arrangements.

Mortgages are complicated, but Free Mortgage Calculator is an incredibly simple piece of software, at least from the user's perspective. All the user has to do is enter the details of the mortgage arrangement they wish to analyze, and the software will instantly do a series of calculations and then present the user with information about the arrangement.

It tells users exactly how much they will repay, the size of their monthly payment, the total amount of interest paid, the final pay off date of the mortgage and many other pieces of vital and informative information. It also presents the user with a useful comparison of bi-weekly vs. monthly repayment, helping them quickly decide which is the best option for them.

A spokesperson for the software said: "For most people, mortgages are a confusing arrangement. Unless you're an accountant or a mortgage broker yourself, you're unlikely to have the depth of understanding required to get yourself the best possible deal. Our mortgage payment calculator puts that power into the hands of everyone. It does a series of complicated calculations to present the user with a comprehensive amount of information about any mortgage arrangement they plan to enter into. It gives the user a vital advantage in any mortgage negotiations, and ultimately will help them avoid any unfavorable arrangements."

About Free Payment Calculators
Free Payment Calculators is a software house that creates payment calculators that demystify the world of finance for consumers. They help people fully understand the financial arrangements that they enter into, whether it's a loan, a mortgage, or a car loan.

For more information please visit: http://Download.Cnet.com/Mortgage-Payment-Calculator/3000-20417_4-75937147.html

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Payment calculator software maker launches “Free Car Payment Calculator”, a new piece of software designed to make it easier for consumers to work out what type of car they can afford to buy

New York, NY -- (SBWIRE) -- 07/17/2013 -- A reliable and stylish vehicle is usually an extremely expensive thing to purchase, and for most people their car will be one of the most expensive things that they own. Good quality used cars can cost thousands of dollars, and brand new cars are even more expensive. For this reason few people will actually buy a car outright. Most people take out a car loan from a financial institution and pay for their car in monthly installments.

While the one off price of a car is easy for anyone to understand, calculating the repayments on a car loan can be a little bit more difficult even for the most financially literate consumer. An innovative software company has recently launched a piece of software designed to make this job easier. Free Car Payment Calculator has quickly built up a reputation as the easiest way to work out the financials surrounding a car loan and repayments.

This car loan calculator software operates in a simple and intuitive way. The user inputs information about the size of the loan and the amount of time they propose to pay it back over. Optionally they can also include other variables, such as trade in price, the car loan interest rate, and any taxes, fees or down payments that may be necessary for the transaction. They can then press the calculate button and they will be given a complete breakdown of the amount of money they will need to pay every month if they go through with the deal.

A spokesperson for the company said: "In today's economy, a car loan is practically essential. Few people can part with the huge amount of cash required to buy a reliable car outright. Almost everyone pays up his or her car in monthly installments using some kind of car loan. However it can be difficult for people to calculate exactly what their monthly expenditure will be on car loan repayments. Our software makes it easy to work out what exactly is affordable for a car payment. This vital information can ensure consumers don't fall in love with a vehicle that is too expensive or alternatively allow them to set a target price to aim for."

About "Free Car Payment Calculator"
"Free Car Payment Calculator" is a simple and easy to use software application designed to calculate repayments on a car loan. The software is produced by Free Payment Calculators who offer a range of simple and intuitive financial calculators that are free to download and use. For more information visit http://download.cnet.com/Free-Car-Payment-Calculator/3000-20417_4-75937149.html

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