
Interest rates calculator
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Post a project like this1562
£70(approx. $94)
- Posted:
- Proposals: 24
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- #3392462
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Description
Experience Level: Entry
Hi,
My boss needs a calculator for loan applicants. He wants the loan applicants to be able to see what the interest rate will be if they get a loan from him.
I will need to add this onto a Wordpress and Squarespace website, if it's too complx then I would need you to do it for me.
Have included below the formulas he gave me. Feel free to ask any questions if anything is unclear and I will pass them on to him.
Below is an example of all the algorithm that needs to go into a calculator:
0% - 59% Loan to Costs is 7%
60% - 69% Loan to Costs is 8%
70% - 79% Loan to Costs is 9%
80% - 89% Loan to Costs is 10%
90% - 95% Loan to Costs is 11%
Or
0% - 59% Loan to Costs is 4.25% plus 30/70 profit split in your favour
60% - 69% Loan to Costs is 4.5% plus 35/65 profit split in your favour
70% - 79% Loan to Costs is 5% plus 40/60 profit split in your favour
80% - 89% Loan to Costs is 5.25% plus 45/65 profit split in your favour
90% - 95% Loan to Costs is 5.5% plus 50/50 profit split
Thank you
My boss needs a calculator for loan applicants. He wants the loan applicants to be able to see what the interest rate will be if they get a loan from him.
I will need to add this onto a Wordpress and Squarespace website, if it's too complx then I would need you to do it for me.
Have included below the formulas he gave me. Feel free to ask any questions if anything is unclear and I will pass them on to him.
Below is an example of all the algorithm that needs to go into a calculator:
0% - 59% Loan to Costs is 7%
60% - 69% Loan to Costs is 8%
70% - 79% Loan to Costs is 9%
80% - 89% Loan to Costs is 10%
90% - 95% Loan to Costs is 11%
Or
0% - 59% Loan to Costs is 4.25% plus 30/70 profit split in your favour
60% - 69% Loan to Costs is 4.5% plus 35/65 profit split in your favour
70% - 79% Loan to Costs is 5% plus 40/60 profit split in your favour
80% - 89% Loan to Costs is 5.25% plus 45/65 profit split in your favour
90% - 95% Loan to Costs is 5.5% plus 50/50 profit split
Thank you
Stephen S.
100% (1)Projects Completed
1
Freelancers worked with
1
Projects awarded
50%
Last project
28 Sep 2021
United Kingdom
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