Maxprog has released a tool - called Loan Calc 1.5.2 - for Mac users locked into post Christmas debt.

Loan Calc calculates loan and mortgage repayments simply. It shows repayment amounts, monthly and total interest and total repayments, and generates a full repayment list. Loan Calc is currency-independent.

The application shows both the repayment period and compound interest on a weekly, bi-weekly, monthly, quarterly, semi-annual and annual basis. It can also show figures for half-month, four week, two month and four month periods. Loan Calc can save the repayments list to a text file or Excel spreadsheet.

The application is available for download from the Maxprog Web site.