There are quite a few interest types are calculated differently for separate entities. A fixed deposit will yield interest whilst the same is applied when it comes to loans. In order to calculate the same, users should download the Free Interest Calculator. It is absolutely free of cost and can be used for compound as well as simple types. There are a number of features available with this software and all it takes is just a few clicks. It is simple and design and even a novice can comprehend all its functionalities in the first go. The download happens without any setbacks as it is a clean app. There is no malware or adware associated with it. Users will find that it takes just a few minutes for the installation of this small sized file. There is no need for any additional specifications as the Free Interest Calculator is a standalone tool. All it needs is a device that runs on Windows OS. The user interface is straight forward and comes with a practical layout. Users will find all the functions in the main menu itself. They just need to select the loan or deposit type, provide a few details and the interest is calculated in no time. Apart from this, it also displays the information about the future deposit options along with the specific dates and amount. The instalment dates in loans can also be checked with the Free Interest Calculator. The time period of the interest calculation can be chosen as daily, monthly, quarterly, half yearly or yearly, depending on the requirement of the individual user. The response time is impressive and the system does not hand or crash at any point in time. This tool requires low to moderate amount of system resources and is reliable.