Loan Management Made Simple for QuickBooks®
Loan Assistant Lite: The Interest Only Loan Calculator
There are lots of fully featured great loan management and processing software packages on the market. However, not every business needs or can afford expensive and bulky software with significant learning curve. Manage your loans the simple, easy, and efficient way with Integrated Accounting Solutions’ “LoanAssistant Lite” “Loan Assistant Lite” (LA Lite) is a free standalone loan management calculator that aids the user in creating thought-out and detailed schedules for a variety of loan types including interest only loans in an easy to comprehend manner.
Loan calculator with self-amortized, balloon, and interest-only loan schedules
LoanAssistant Lite allows our user to create self-amortized, balloon, and interest-only loan schedules. When our users begin the process of setting up their payment schedule, they can split their payments into principal payments, interest, escrow payments, and service fees. This allows the user to easily see where the payments are going, and when their payments will be made.
Our self-amortized and interest only loan calculator is powerful and easy to use. LoanAssistant Lite boasts an impressive amount of flexibility when calculating interest-based loans on a variety of ratios. This includes actual/365, 30/360, and actual/360 day ratios, as well as weekly, monthly, and quarterly payment frequencies.
Loan amortization excel export
As an added bonus, our users are able to quickly produce loan coupons, as well as an easy to understand loan schedule for borrowers. Whether you are a lender or a borrower, this will effectively keep track of the payment schedule. Additionally, the application can export the payment schedule into a Microsoft Excel document that can be sent to borrowers for their records.
In a world oversaturated with bulky loan processing software, lenders and borrowers need simple interest only loan calculator such as LoanAssistant Lite. Its versatility cannot be beat, and its ease of use will aid even the least tech-savvy lenders in creating a comprehensible payment schedule.