OneOnOne Loan Simulation/Comparison

The current finance market presents a bewildering number of loan products, with different initial, discounted or fixed term interest rates, different standard variable rates, and payment period options. Then there are the various fees ie. up front, ongoing, and termination fees.

Some loans require a simple regular payment. Others allow for salary to be paid directly into the loan account and withdrawals made as required up to a pre-determined credit limit.

Loans which have transaction capabilities (extra pay and redraw) or line of credit facilities need to be considered with regard to a particular client’s circumstances.

OneOnOne is a sophisticated amortisation application which can compare loans of many different types, and also be used for product comparison and refinance decision making.

File management facilities allow you to create as many files as you like. These can be client specific, product type or product vendor specific. There are two loans in each file. You can use them in a number of ways including the following examples :-

Call them what you like - The Loans: Home Equity, Revolving Line of Credit, Current Account Loan, Loan Transaction Account, P&I Loan, Regular Term Loan etc. Each loan has a name (or brief description) which you determine. This description appears on reports and on the main menu (opening ) screen.

The Transactions: add a description to the Initial Borrowing Event (the loan purpose), and to each withdrawal and deposit, whether a regular or once only transaction.

Determine the Level of Detail - Compile a detailed list of your client’s expenses and income sources, or use a single transaction to represent each.

Reporting -

Loan Report : summary, chart, transaction grouping by type, events listing or complete transaction schedule.
Loan Comparison Report: loan summaries, comparison chart, savings summary.

Optional Modules -

Split Loan Module: Compare two sets of split loans. The split loan can be a "Fixed/Variable" combination, a "Term Loan / Line of Credit" combination or any other combination you specify. The "event copy" function allows the user to copy an event from one loan to the other, changing its sign if desired e.g. a regular withdrawal from one loan becomes a regular deposit in another loan. This can be used for example when a withdrawal from say a Line of credit is used to service a Regular Term Loan.

Consolidation Module: Determine if it is advantageous to your client to refinance a number of existing loans into a single replacement loan. A typical example would involve consolidating a Home Loan, Car Loan and Credit Card Debt into a single loan product. Demonstrate savings in interest and loan term. A graphical presentation clearly compares the sum of the current multiple loans to the single consolidation alternative.. Demonstrate the effect of continuing credit card or vehicle loan repayments past credit card or vehicle loan maturity.

Portfolio Module: A portfolio of loans consists of up to four loan products. These are added together for the purposes of comparison and two of these portfolios can be compared. The portfolio can be any combination of four loans you specify. This module is a companion to both the split loan and consolidation modules and cannot be purchased in isolation.

OneOnOne offers the ultimate in power and flexibility to the user, whilst maintaining a friendly, easy to use interface.

Who is it for :- Lenders, Brokers, Accountants, Mortgage Reduction and Review Services, Financial Planners.

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