Variable Rate Loan Servicing Software
Commercial Loan Servicing, Fully Floating Rate
The FLEX-RATE module is very similar to FLOATING-RATE except the way it calculates interest. It calculates interest based on actual days between payment due dates, using U.S. Rule.
The complex calculations for periodic payments and payoffs are instantly available. Payments and late charges can be adjusted as you require. FLEX-RATE produces an interest calendar for multi year and automatically allows for leap years.
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Features
- Full Floating Index Calculations Allow for Daily Interest Rate Changes
- Up to 100 Different Indices
- Complex Calculations for Payoffs and Periodic Payments Made Easy
- 360/365 Over Actual Full Floating can be Available
- Loans can be Fully Amortizing, Partially Amortized or Interest Only
