Terms of Service

LoanoraTools provides free, browser-based financial calculators. The calculators take figures you supply and apply standard actuarial and amortisation mathematics to show you the consequences of those figures: what a monthly payment is made of, how a balance amortises over time, what a refinance genuinely costs, how long a debt takes to clear, and how different loan terms compare.

The Service is provided free of charge and for general educational and informational purposes. It is not a financial product, and it is not a service that manages money, arranges credit, or holds assets on your behalf. There is no account to open, nothing to subscribe to and nothing to buy.

The Site is offered on an “as is” and “as available” basis. We do not promise that the Site will be uninterrupted, that any particular calculator will always be present, or that we will add features on any timetable. We may add, change, suspend or withdraw any calculator or feature at any time, and we may change the design or structure of the Site.

A note on how the calculators work, because it matters for everything else on this page: they fetch no live market data. Every interest rate, balance, term and fee you see in a calculator is one you typed in. The output is a function of your inputs and the published formula, nothing else. If you enter a stale rate, you will get an answer based on that stale rate.

LoanoraTools is not a regulated financial adviser, broker, portfolio manager, credit reference agency or financial promotions firm. Nothing on this Site should be read as a personal recommendation, and using the Site does not create any adviser, client, fiduciary or agency relationship between you and us. We do not know your circumstances, your objectives, your tax position, your risk tolerance or your time horizon, and we cannot know them.

The calculators show you arithmetic. That is genuinely useful, and it is also limited: they cannot tell you whether borrowing is a good idea for you, which of two mortgages is better, whether you can afford the risk, or what will happen to rates, prices or your income. Two households with identical numbers can rationally reach opposite conclusions, and nothing on this Site resolves that.

Results also rest on simplifying assumptions that a regulated adviser would correct for you. Day-count conventions, whether a rate is nominal or effective, tax treatment, insurance, escrow, arrangement fees, early-repayment charges, currency effects and rounding are all modelled in simplified form or not at all. A figure that is arithmetically correct can still be the wrong answer for your situation.

Consult a qualified, regulated professional before making any financial decision. A mortgage broker, financial adviser, solicitor or accountant who can see your full position is in a position to help. We are not, and we say so plainly rather than burying it.

We are not responsible for any decision you make, or any consequence of a decision you make, in reliance on this Site. That includes decisions about taking out, extending, restructuring or repaying a loan.

We take accuracy seriously, and the engineering reflects that. The calculation engine is written as pure, documented functions, every formula is stated in the source, and results are pinned by an automated test suite that currently runs 290 assertions against independently hand-computed figures, including edge cases such as a 0% interest rate and term extensions.

Where a common industry shortcut produces a materially wrong answer, we say so on the page and use the correct method instead. The refinance calculator is the clearest example: the widely used break-even formula, dividing closing costs by the monthly saving, assumes that saving lasts for the whole new term, and produces a large phantom gain on any loan where the term is extended.

Outputs depend entirely on the figures you enter. A perfect calculation of an incomplete input is still a wrong answer, and a rate typed from an old statement is your input regardless of how current the source was. Figures are rounded for display, so totals quoted on screen may not sum exactly.

Any figure taken from this Site must be verified before you rely on it, and before you act on it, with the lender, broker or provider offering the actual product. A lender’s illustration is the binding document. We may correct, update or withdraw any content without notice.

You agree that you will:

• Use the Site lawfully. Not for anything unlawful, and not in breach of any third-party right.
• Use the Site at your own risk. You decide what inputs to enter and what conclusions to draw from the output.
• Verify before acting. Check any figure against a lender or adviser before entering a binding agreement.
• Not misuse the Site. No scraping, crawling, data mining, bulk downloading, or automated access that degrades the service for others or imposes disproportionate load on our infrastructure.
• Not attempt to disrupt it. No probing, denial-of-service, injecting content, or circumventing technical measures.
• Not misrepresent it. Do not present the Site, or a screenshot of it, as financial advice, as a lender, or as endorsed by a regulator.
• Protect your own device. You are responsible for the security of your browser, device and accounts. On a shared computer, clear the site data before you leave — saved scenarios and your currency choice persist in your browser.

We may block or restrict access where we reasonably believe these terms have been breached, or where required by law.

The Site, including its name, logo, design, layout, written content, educational explanations, charts, illustrations, source code, calculation engine and the arrangement of its components, is owned by LoanoraTools or its licensors and is protected by copyright, trade mark and other intellectual property laws.

We grant you a limited, revocable, non-exclusive, non-transferable licence to access and use the Site for personal, non-commercial purposes. That licence does not include:

• copying or republishing substantial portions of the content or the written material;
• using the calculators, design or branding as part of a commercial or competing product;
• systematically extracting the Site to build a derivative service, a dataset or a competing tool;
• removing, obscuring or altering copyright, trade mark or attribution notices;
• using our name, marks or branding in a way that suggests endorsement or affiliation.

Because the calculator logic is JavaScript, you can of course read it in your browser viewer. That is how the web works, and it is not permission to republish it, and it does not mean the engine may be copied into another product.

If you send us feedback, a correction or a suggestion, you grant us a perpetual, worldwide, royalty-free licence to use it without restriction or attribution, because we cannot adopt a fix we are not permitted to ship. We will, however, credit you publicly where we can and where you ask us to.

All trade marks and brand names are the property of their respective owners. Nothing here grants you a licence to use them beyond identifying the correct source.

The Site may contain links to third-party websites, including social profiles, financial regulators, and sources referenced in our educational material. We do not control those sites and we are not responsible for them.

We make no representation or endorsement about any third-party site, its content, its accuracy, its legality, its availability, or its privacy practices. A link is a convenience, not a recommendation, and following one takes you outside these Terms and under whatever terms that site sets.

Any interaction with a third party, including an advertisement or an external provider, is between you and them. We accept no responsibility for their content, their use of your data, or any loss arising from your use of them.

The Site is provided “as is” and “as available”. To the fullest extent permitted by law, we disclaim all warranties, express or implied, including any implied warranty of merchantability, fitness for a particular purpose, non-infringement, accuracy, and uninterrupted availability.

To the fullest extent permitted by law, we are not liable for any indirect, incidental, special, consequential, exemplary or punitive damages, or for any loss of profits, revenue, savings, goodwill, data, or business interruption, arising out of or in connection with your use of, or inability to use, the Site — even if we were advised that such damages were possible.

Because the Service is free and you pay nothing to use it, our total aggregate liability to you for any claim arising out of or relating to the Site is limited to the minimum sum permitted by applicable law. In practice that will usually mean we are liable to you for nothing at all.

That carve-out is not a formality. In most consumer-facing jurisdictions, a term excluding liability for death, personal injury or fraud is void, and a term that excludes all liability at all is commonly treated as unreasonable and unenforceable. We have written this section to survive contact with a court, not to win a paper argument.

You accept that you use the Site at your own risk and that any decision you take in reliance on it is yours alone.

To the extent permitted by law, you agree to indemnify, defend and hold harmless LoanoraTools and its operators from and against any claim, demand, loss, expense or liability (including reasonable legal fees) arising out of or in connection with:

• your misuse of the Site, or your breach of these Terms;
• your use of the Site in a way that infringes the rights of a third party, including intellectual property rights;
• any claim that your use of the Site caused damage to a third party where that claim does not arise from our own negligence or breach.

This obligation applies only to the extent it is enforceable. It does not apply where the claim arises from our own negligence, breach of these Terms, or any act or omission that cannot lawfully be attributed to you.

We may revise these Terms at any time. The most likely reasons are a change in the Site, a change in the law, or a change in the third parties involved.

The last updated date at the top of this page always reflects the current version. Where a change is significant, we will describe the change plainly on this page rather than quietly editing the wording. Continued use of the Site after a change takes effect means you accept the revised Terms from that point.

We suggest reviewing this page periodically. Because there is no account and no mailing list, we cannot notify you of changes directly, and this page is the notice. If you do not accept the revised Terms, you must stop using the Site.

You may stop using the Site at any time, for any reason, without notice to us. There is no account to close and nothing to cancel.

We may suspend, restrict or terminate your access to the Site at any time, without prior notice, where we reasonably believe you have breached these Terms, where use is causing harm to the Site or to others, where required by law or court order, or where continuing to provide the Site is no longer possible.

Provisions that by their nature should survive termination do so, including intellectual property, limitation of liability, indemnification, governing law and these terms generally. Termination does not affect any rights or obligations that accrued before it.

These Terms are governed by the laws of England and Wales, and the courts of England and Wales have exclusive jurisdiction over any dispute arising out of or in connection with these Terms or the Site, without affecting any mandatory statutory rights you may have.

If any provision of these Terms is held to be invalid or unenforceable, that provision will be modified to the minimum extent necessary to make it valid and enforceable, or severed if it cannot be so modified. The remaining provisions continue in full force.

No waiver of any provision is effective unless made in writing. A failure to enforce a provision once does not mean we will not enforce it in future.

Questions about these Terms, or a notice you wish to serve formally, can be directed to:

Email: legal@loanoratools.com

We aim to acknowledge legal enquiries within 48 hours and to respond substantively within seven days. For anything that is not a legal matter — a bug report, a correction to a calculation, or a request for a calculator that does not exist yet — please use the contact page, which routes messages by topic and is answered by the same small team.

These Terms are a plain-English statement of the agreement between you and LoanoraTools for using this Site. They are not legal advice, and if you need advice on how they apply to your situation, please consult a qualified lawyer.