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If You Want To Purchase A Car On Loan, Use This App For Easy Calculation - Autos - Nairaland

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If You Want To Purchase A Car On Loan, Use This App For Easy Calculation by Charpell(m): 2:20am On Nov 22, 2016
Hello Auto forum, 3 months ago I developed IQSolar app for both solar and non-solar users.
https://www.nairaland.com/3229993/solar-app-been-launched-google

Today I added a feature to my app collection which allows for loan payments.
Financial institutions here in Nigeria are now offering car loans to individuals and businesses.

The feature was originally intended for people who want to purchase solar energy but can’t afford the initial cost, to manage expectation. The same principle also applies to other huge acquiring assets like house, cars, land etc

Example:
Let’s say you want to buy a car valued at N1,000,000 at 15% and repay it over 1 year, with no down payment.

To calculate:
Enter “1,000,000” as the Total Price, “15” as the Rate, and “12” as the Term in months, “0” as Down Payment.


From the screenshot, it requires you to pay N90,258 monthly and it would cost you approximately N83,099 to use the Loan Plan

Click here to download IQSolar app
https://play.google.com/store/apps/details?id=appinventor.ai_chappelle09.Solarapp&hl=en
Size: 2mb

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Re: If You Want To Purchase A Car On Loan, Use This App For Easy Calculation by Charpell(m): 5:45pm On Nov 22, 2016
Re: If You Want To Purchase A Car On Loan, Use This App For Easy Calculation by Charpell(m): 2:03am On Jan 02, 2017
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