February 23, 2011 in Finance (E)
[prMac.com] Pavia, Italy - MarzaPower today is pleased to announce the release of My Own Loan 2.5 a simple new iOS app. This app gives the user the possibility of understanding how much a loan (or a mortgage) will cost, by modifying some simple details. The user selects the duration of the loan, the rate and the capital requested, and the app will give back a detailed list of every single installment. For each month the user can see what is the amount of the capital being repaid and the amount of the interest paid to the bank.
For those who live in Europe, My Own Loan 2.5 incorporates a system that lets the final user select a reference rate for the mortgage that is referred to some conventional inter-bank exchange rates. For example a fixed rate mortgage/loan one can choose to use as a reference rate one in the category of the EurIRS rates.
At the same time for a variable rate mortgage/loan one can choose to use as a reference rate one in the category of the Euribor rates, or the ECB rate. The user will always have these reference rates up to date, since the app has an internal mechanism of updating that can be set as manual or automatic.
This app has had great success in Italy, the first store in which the app was released. The developer behind it decided to localize it in 4 different languages (Italian, French, German and English). The application itself is frequently updated, so that the developer has released 7 different revisions of the app in just two months.
* iPhone, iPod touch and iPad
* Requires iOS 3.1.2 or later
* 1.5 MB
Pricing and Availability:
My Own Load 2.5 is $1.99 USD (or equivalent amount in other currencies) and available worldwide exclusively through the App Store in the Finance category. Redeem codes are available upon request for qualified journalists and magazines for reviewing purposes.
Italy based MarzaPower is the company behind the development of "My own loan". The developer that founded it mainly works on Java projects, Ruby/Ruby on Rails projects, iOS projects and is constantly on the move looking for new exciting ways of reaching people and final users all around the world with simple, but effective solutions. Copyright (C) 2011 MarzaPower. All Rights Reserved. Apple, the Apple logo, iPhone, iPod and iPad are registered trademarks of Apple Inc. in the U.S. and/or other countries.