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