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Curo Calculator is your ultimate tool for calculating loan, lease, and hire purchase repayments and interest rates, ideal for both borrowers and finance professionals. The app is currently accessible as a PWA (Progressive Web App), and is available on Google Play Store.

Our aim is to enhance your understanding of the calculator’s many useful features and perhaps shed light on financial concepts you might not have explored before.

While Curo Calculator is equipped for advanced calculations, there are specific scenarios it does not support directly:

  • Multiple Interest Rate Calculations:

    • Current Limitation: Curo Calculator does not handle scenarios where interest rates change over time, like fixed-to-variable rate mortgages, in a single step.
    • Solution: You can perform these calculations by breaking them down into several steps. We’ve detailed how to do this in our guide to Multiple Interest Rate Calculations. Using this method, you can calculate different segments of the loan with different rates separately and then determine the overall implicit rates (NAR and APR) with a single calculation using the advanced features of the calculator.

  • Early Settlement Calculations:

    • Current Limitation: The calculator does not support direct calculation for early settlements.
    • Solution: For fully amortised loans, you can still use Curo Calculator effectively by:
      • Entering the payments made up to the current date.
      • Then, adding a final payment to represent the settlement amount you are solving for.
      • Important: Ensure that the Date Input display option setting is enabled for precise calculations.

Additionally, please note:

  • Taxes: The calculator does not account for taxes. Exclude VAT from your inputs where applicable, but include Sales Tax in the financing amount if relevant.

With these points clarified, why not:

  • Take a Quick Tour to familiarise yourself with app navigation and calculation tips.
  • Dive into our Settings for customization options.
  • Explore Templates to streamline your calculations.
  • Review our comprehensive Examples for practical applications.