Servicing Software For Simple Interest Loans
U.S. Rule-Simple Interest
In the fast-paced world of commercial finance, businesses need to know where they stand at any given moment. Monumental business decisions can't wait while data is being processed. FLOATING-RATE gives you the power to provide timely, accurate information on your simple interest loans.
FLOATING-RATE tracks rate fluctuations on a daily basis while accurately calculating interest from receipt date to receipt date, using U.S. Rule-Simple Interest. You don't expect your commercial clients to wait for crucial information. With FLOATING-RATE they won't have to.
The complex calculations for periodic payments and payoffs are instantly available. Payments and late charges can be adjusted, as you require. FLOATING-RATE produces an interest calendar for multi year and automatically allows for leap years.
Software Features
- Complex calculations for payoffs and monthly payments made easy
- Fulfills floating rate simple interest requirements
- User-defined maximum and minimum rates
- Daily rate fluctuations allowed between receipt dates
- 99 different indices
- Adjusts payments and late charges as required
- Interest collected on actual days between receipt dates automatically allowing for leap years
- Produces interest calendar for multiple years
Experience a free, personalized loan servicing software demonstration over the Internet.