Simple Way to Determine Suitable Loan Payment Frequency Revealed

aCalculator.com introduces a financial calculator to help borrowers determine the best loan payment frequency according to their specific needs and requirements.

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(PRWEB) January 29, 2014

Online financial help website aCalculator.com has recently introduced an alternative payment frequencies calculator. The calculator is a part of a new lineup of financial tools and resources added to the website. The new content, according to the spokesperson, was added after an overwhelming response received by the website users. The website experts have carefully selected the tools after proper analysis of current financial climate and the requirements of the users.

Sharing some information regarding the newly added payment frequency calculator, the spokesperson revealed that the decision was based on website experts’ analysis of the problems faced by borrowers. Further elaborating his point, he said, “Borrowers seem to have realized that they must pay off their loan before the next economic recession strikes. They are more cautious regarding regular payment and that is why they are looking for ways through which they are able to pay it off despite their financial condition. In this regard, a suitable loan payment schedule can be very helpful.”

The spokesperson further stated that the website experts behind aCalculator.com are professional financial consultants and are well aware of the problems faced by borrowers. Based on their experience, they have categorized the borrowers into two types. The first one, he explained, are those who want to pay off their loan as soon as possible. The other ones are borrowers who are unable to pay their dues every month and therefore prefer a quarterly or semi-annual payment schedule.

In any case, the payment frequency calculator can help the users determine their principle balances, total number of payments required and also the amount of interest paid. “While suitability of schedule is the major concern here, the calculator will also help users compare various options to find one that is most cost effective,” the spokesperson added.

aCalculator.com also offers other calculators to help users manage their loans in an effective manner. These tools are not limited to the US market. The website currently offers resources for Canadian and Australian borrowers as well. The spokesperson also hinted on plans to expand the website’s outreach in the future. “The decision might take a little time because we want to enter the global market only after proper analysis, research, and observation. That is why we want to take it one step at a time,” the spokesperson revealed.

All the tools and resources on the website are completely free of cost. For more information regarding their usage, please visit http://www.acalculator.com.

About aCalculator.com
aCalculator.com is a leading financial help website that offers budgeting and financial calculation tools for free. The website currently features 300 different calculators ranging from mortgage calculators to long term care calculators. The website caters to users from USA, Canada, and Australia by providing them essential tools to help them plan their financial future. To contact them, please use the following details:

Contact Details 
Web: http://www.acalculator.com
Contact Number: (800) 333-0888