Sarala Lending Calculator can be used to determine the periodic payment amount assigned to a loan/finance lease.
The amortization repayment model factors varying amounts of interest, principal and tax into every installment/rental. The total amount of each payment can be varying with Balloon Payment, Seasonal Payment and others.
An amortization calculator can also reveal the exact amount that goes towards interest, principal and tax out of each individual
Note: Sarala Lending Calculator is cross-platform and it runs on Windows, Linux and Mac OS X.
Here are some key features of "Sarala Lending Calculator":
Calculate lending with following options:
· Reducing Balance/Some of Digit.
· Advance Payment.
· Down Payment.
· Balloon Payment.
· Seasonal Payment.
· Residual Value.
· Print/E-mail Quotations and Re-Payment Schedule.
· Export saved calculation to any other third party systems.
· Store calculation locally with built-in SQLite database.
Requirements:
· Adobe AIR 1.5 or later
Limitations:
· Restricted interest rate from 30 to 100.