Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
Jonathan Lem0
Date of Patent
March 4, 2014
0Patent Application Number
130400170
Date Filed
March 3, 2011
0Patent Citations Received
Patent Primary Examiner
Patent abstract
A loan management system and method includes an alternative repayment amortization method. Each installment on repayment of the loan includes an equal fixed principal repayment amount and an interest amount. The equal fixed principal repayment amount is based on the amount of the loan and the number of installments to be paid over the life of the loan. The interest due for each installment is based on the interest rate and the amount of outstanding principal at the time a given installment is due.
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