There are number of calculators available online to make noteworthy calculations related to interest rates, repayments, loan estimation, etc. However, if you are a mortgage broker, going from pillar to post to provide efficient expertise to the clients seeking financial consultancy, you must definitely try mobile app by Loans Direct, which help home loan brokers and financial service providers to make all the necessary calculations on the go.This app is a great tool for Mortgage Brokers to deal with a host of clients each day of their lives. Often client’s queries demand the brokers to be well equipped with a tool that helps them make calculations at the spur of the moment; thus, the app is designed to make instant calculations on various financial aspects and keep the clients updated.
A number of meetings are held outside of the office, this loan calculator app enables the brokers to make the following calculations anytime and anywhere:
- Loan repayments: One just has to enter the interest rate applicable on any purchase, the full term of the loan and the amount one has borrowed to get the minimum monthly repayment and the amount of interest paid.
- Total borrowing limit: The portable calculators help the brokers assist their clients by providing an estimate of the maximum one can borrow, keeping into consideration one’s income and expenditure.
- Repayment frequency - For weekly, fortnightly and monthly payments on an interest only loan or to repay a loan over a set term on a principal and interest basis
- The mortgage brokers can save their clients some money on interest and charges on loan, by making quick calculations on the lump sum payments.
- For the first home buyers, the mortgage brokers can quickly assess the client’s eligibility and usefulness of the Grant.
You can download the app free from Google’s Play Store or from our website www.iloansdirect.com.au
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