Using the Payment Factor Calculator

To use the Payment Factor Calculator to calculate a monthly payment for your customer, complete the following steps:

  1. In the dashboard, click Resources > Library, and download the Payment Factor Calculator.
  2. Find the column for the applicable program. If using a Promotional Program, use the rate factor grid.
  3. Find the row for the payment term that applies. This is the number of months the customer will have to repay their purchase.
  4. Multiply the corresponding number in the cell by the total loan amount.

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