摘要 |
A method ( 300 ) of simulating for a borrower the performance of a loan, which loan contains a plurality of loan portions wherein each loan portion has different loan parameters, which borrower may verify their identity ( 302 ) and enter/update borrower details ( 304 ) as required. The method includes the steps of: inputting income information ( 306 ) about income of the borrower; inputting asset information and liability information ( 308 ) about assets and liabilities of the borrower; inputting expenditure information ( 310 ) about expenditure of the borrower; inputting loan parameter information ( 314 ) about the amount, interest rate, repayment mode and term of each of said plurality of portions of the loan; providing assumptions about future market conditions effecting the loan; calculating a flow of funds ( 318 ) available for repayment of each portion of the loan according to the borrower income, the borrower expenditure, the borrower assets and liabilities, and the loan parameter information and producing a simulation of loan balance according to the flow of funds and the assumptions about future market conditions, for display and/or printing ( 320 ). An on-line subscriber system ( 100 ) and application software ( 200 ) enabling users to conduct assessment and ongoing management of loans and similar finance products according to the method are also disclosed.
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