Please help MSE test new tool: What's the APR Calculator?

swingofthings

Also it looks better if you say "it will be paid off in month 13" rather than "it will be paid off in the 13 month" - it should be 13th month obviously but then you would have to cater for 1st / 2nd / 3rd as well as the nth month ... so make it simpler for yourself and change the text to "it will be paid off in month n"

swingofthings

Also ... if you enter your own card details in and have a promo balance of 0% and add a standard APR of 0% After 0% ends (contradicatory really but even so ...) there is a refusal to even calculate a figure ... you hit calculate and nothing happens ...

(I deal with negative test scenarios all the time at work so can come up with loads for you ... are you sure you really want me to carry on ...)

paulq

1. I'd prefer it to say - "Balance On Card" instead of "how much are you borrowing"
2. Also in the standard section how come you cannot input your own APR rate?
3. I also agree with the advertising of the cards, it will inevitably lead to more ppl going for them cards. Maybe it could be 2 or 3 generic rates to compare if your making it easier for ppl to use?
5. Don't like the answers you get when you calculate. Would perfer the amount with minimum repayment and with the users own input of amount they shall be paying.

The one on stoozing is perfect i use it all the time. Really easy to use self explanatory

angelicmary85

I like it!!

bexster1975

Great tool! Many thanks.

dtaylor84

There's something weird going on.

Borrow £5000
monthly repayment £1000
time taken to repay blank

advanced options
Life of Balance
0%

paid off in the 10th month - correct.
equivalent to a Infinity% APR - not quite right!

similarly, remove the monthly payment and set time taken to repay to 10 months - claims it will take 5 months to repay??? (and still at Infinity%)

Or, even more bizarrely, set time taken to repay to 60 months. It claims it will require a monthly payment of £83.33 (only adds up to £4999.80, out of £10k!) and the APR is -1190.7%??

(Firefox 3.6 on Linux)