US Patent 8666881 Loan management system and method
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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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Patent Inventor Names
Jonathan Lem0
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US Patent 08666881 Loan management system and method US Patent 8666881 Loan management system and method
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Patent Number
086668810
Patent Number
86668810
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Patent Jurisdiction
Patent Number
086668810
Date of Patent
March 4, 2014
0Patent Application Number
130400170
Date Filed
March 3, 2011
0Official Website
Patent Primary Examiner
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US Patent 08666881 Loan management system and method
Infobox
Is a
Patent jurisdiction
Patent number
08666881
Date of patent
March 4, 2014
Patent application number
13040017
Date Filed
March 3, 2011
Patent primary examiner
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