Frequently Asked Questions (FAQ)
1. Are the financial tools on this website really free?
Yes, absolutely. All 15+ financial calculators and tools on thefinance24.shop are 100% free to use. There are no hidden fees, subscriptions, or charges.
2. Is my financial data safe?
Yes. We prioritize your privacy. We do not ask for, collect, or store any of your personal or financial information. All calculations are performed within your browser and the data is erased when you leave the page.
3. How accurate are the calculators?
Our calculators are built on standard financial formulas and are rigorously tested to ensure they provide accurate results. However, they should be used for estimation and planning purposes. Always consult a qualified financial advisor for major financial decisions.
4. Can I use the tools on my mobile phone?
Yes. Our website is designed to be fully responsive and mobile-first. You can access and use all our tools seamlessly on any device, including smartphones and tablets.
5. How does the Loan Eligibility Checker work?
The Loan Eligibility Checker uses common industry metrics like the Fixed Obligation to Income Ratio (FOIR) and Loan-to-Value (LTV) ratio to estimate the loan amount you might be eligible for based on your income, expenses, and other factors. It's an estimation tool, and the final decision rests with the lending institution.
6. What is the difference between Simple and Compound Interest?
Simple interest is calculated only on the principal amount. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods. Our calculators for both allow you to see the difference clearly.
7. Do you offer financial advice?
No. We provide powerful tools for calculation and estimation, along with informative content. We are not a financial advisory service. The content on this site is for informational purposes only and does not constitute financial advice.
8. Who is behind thefinance24.shop?
We are a team of finance and technology professionals passionate about making financial literacy accessible to everyone. You can learn more about us on our About Us page.