Loan modeller method and apparatus
US6938008B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Sep 20, 2000 |
| Grant date | Aug 30, 2005 |
| Priority date | — |
| Expiry date | Nov 14, 2022 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for modelling loans comprises allowing a user to enter parameters relevant to the loan, including the loan amount, loan term and interest rate, and then visually displaying information indicating the repayments due over the term of the loan. The user can also select one or more of the following options: low-start or fast-start loans; regularly increasing repayments; lump sum repayments at specified dates; reduced repayments for a specified period; and variable repayments over different months of the year. The information indicating the repayments due over the term of the loan is displayed in some easily-understandable visual representation, such as a graph, bar chart, or table.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.