LoanAmortizer Standard Edition is one of the most functional and most modern financial tools for loan amortization and payment schedule preparation that runs on Windows 95/98/2000/ME/NT 4 and XP. The program is directed for use by anybody that has an outstanding loan at any financial institution around the world. Using LoanAmortizer Standard Edition, you can solve interest rate, loan amount, number of payments, periodic payment amount and any other loan calculations instantly. You can also prepare amortization schedule, view it and print it in virtually no time.
Once any amortization schedule is prepared it can be saved in a file for future reference, comparison or archive. Everything is completed automatically, accurately and is easy and simple to be used and handled. Canadian Mortgage calculations are also implemented in LoanAmortizer Standard Edition, both for mortgage and regular loans.
LoanAmortizer Standard Edition is one of the few loan amortization and schedule preparation programs that complies with the provisions of the complete U.S. Regulation Z, and especially Appendix J, regarding interest calculation. LoanAmortizer Standard Edition works multiple amortization methods - Simple (U.S. Rule) and Normal (Actuarial). LoanAmortizer Standard Edition can combine any payment frequency with any compounding period. LoanAmortizer Standard Edition is the most flexible and powerful loan amortization program that is easy to work with. The extensive and informative help documentation makes the work with it not only easy but pleasant too.
The new LoanAmortizer Standard allows a new late fees setup where the late fees can be defined as a percentage of the delayed payment, set as a number or as a percentage of the payment but not exceeding a certain figure.
LoanAmortizer Standard Edition has a network supporting functions with file locking module that makes it ideal to work in a Network