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posted by Jason Kottke  ·  gift link

Loan Shark iPhone app

A big thank you to kottke.org’s first RSS feed sponsor, FoggyNoggin Software, makers of the Loan Shark iPhone App (check it out in the iTunes Store). Loan Shark is a tricked out loan calculator for your iPhone or iPod Touch. Here are a few capabilities from the web site:

One-tap Extra Payment
Making an extra payment on your loan each year can dramatically reduce the cost of your loan. With Loan Shark, you can easily see what that extra payment will save you over time.

Compare Loans
Want to compare loans to see which is best? Loan Shark lets you compare up to 9 loans side-by-side.

Nearby Banks
Using the iPhone or iPod Touch’s built-in location sensor, Loan Shark can retrieve a list of nearby banks, making shopping for a loan that much easier.

Loan Shark also helps you calculate how long it will take to pay off credit cards…almost a necessity in today’s slumping economy. Loan Shark is $4.99 at the App Store, an amount that would no doubt be offset by how much it saves you in future interest payments.