Find answers to common questions about our financial tools
BankBoosta is a free financial tools portal that provides calculators and planners for loans, savings, budgeting, and investment comparison. Our mission is to make financial planning accessible to everyone.
Yes! All our financial tools are completely free to use. We don't charge any fees, require subscriptions, or have premium tiers. We believe financial tools should be accessible to everyone.
No, you don't need to create an account or register to use our tools. You can start using them immediately without any sign-up process.
Our calculations use standard financial formulas and are highly accurate. However, they are estimates and may vary slightly from actual bank calculations due to different compounding frequencies and fee structures.
Absolutely! Our tools are fully responsive and work perfectly on desktop, tablet, and mobile devices. The interface adapts to your screen size for the best user experience.
We offer five main financial tools:
The Loan Calculator uses the standard EMI formula: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1), where P is the principal amount, r is the monthly interest rate, and n is the total number of months. It calculates your monthly payment, total interest, and provides a payment breakdown.
The EMI Breakdown tool shows you exactly how much of each payment goes toward principal and interest. Initially, more of your payment goes to interest, but over time, more goes to principal. This helps you understand the true cost of borrowing.
The Savings Planner uses compound interest calculations to show how your money grows over time. You can set an initial amount, monthly contributions, interest rate, and time period to see your projected savings and interest earned.
The Budget Manager helps you track your income and expenses across different categories. It provides analysis of your spending patterns, compares ratios to recommended guidelines, and offers personalized recommendations for better financial management.
The Interest Comparator allows you to compare up to 5 different investment options side by side. Enter the same principal amount and time period for each option, and see which one offers the best returns. It shows future value, interest earned, and total return percentage.
Our tools work on all modern browsers including Chrome, Firefox, Safari, and Edge. We recommend using the latest version of your browser for the best experience.
Yes, JavaScript is required for the interactive features of our tools. Most modern browsers have JavaScript enabled by default.
Currently, we don't save your calculations on our servers. However, you can take screenshots or print the results for your records. We're working on adding save functionality in future updates.
We regularly update our tools with new features, improvements, and bug fixes based on user feedback. We also ensure our calculations remain accurate and up-to-date with current financial standards.
If you encounter any bugs or errors, please contact us through our contact form. Include details about what you were trying to do and what went wrong, and we'll investigate and fix it as soon as possible.
No, we don't collect or store any of your personal financial information. All calculations are performed locally in your browser, and we don't track your usage or store your data.
Yes, your financial data is secure because we don't collect it in the first place. All calculations happen in your browser, and no sensitive information is transmitted to our servers.
We may use basic cookies for website functionality and analytics, but we don't use cookies to track your financial information or personal data.
No, we don't share any user data with third parties. Since we don't collect personal financial information, there's nothing to share.
If you have any privacy concerns, please contact us at support@bankboosta.com. We take privacy seriously and will respond to your concerns promptly.
If you couldn't find the answer you're looking for, don't hesitate to reach out to us.
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