Loan Comparison System

Decision Assistance Software.

 Download a 30 day evaluation version of the Loan Comparison System 

The Loan Comparison System (LCS) is a program which assists in the selection of business, personal or home loans by calculating and comparing loan comparison rates. Loan products are ranked and displayed in order of best option for the selected loan amount, loan period, payment period and exit time.

Loan comparison rates combine the effects of

• up front fees
• ongoing fees
• exit fees
• initial short period interest rates (fixed or capped)
• standard variable rate
• payment and compound period options

resulting in a single effective annual rate which can be used to compare loans.

Although LCS can be used for any type of loan, LCS provides special treatment of mortgage loans. A mortgage profiler allows the user to limit the analysis to loans which offer certain features ie. lump sum repays, redraw facility, split loan, offset account. The user can also select variable, fixed or capped loans, and specify the term for which the fixed or capped rate must apply.

You can create your own database of loan products and options, or in the case of mortgage loans, utilise the Cannex or Horan Wall & Walker data services.

LCS also offers utility calculators ie. stamp duty, mortgage insurance and initial costs calculators.

 Key Benefits:

Market appraisal and product selection - bring the best to the top.

Provide Loan Quotation with specific product information.

Refinance assessment and decision making.

Useful utility calculators.

Who is it for:

Finance Brokers, Mortgage Introducers, Lenders, 

Accountants, Financial Planners, Advisers

 

Detailed Description of LCS

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