Patent ID: 8666881

Claim:
A computer implemented method of loan management, comprising: determining a principal loan amount and entering the determined principal loan amount into a computer; determining an interest rate and entering the determined interest rate into the computer; determining a number of repayment current payments due to user and entering the determined number of repayment current payments due to user into the computer; causing the computer to calculate a fixed principal repayment amount based on the principal loan amount and the number of repayment current payments due to user; causing the computer to calculate an interest payment based on the principal, the interest rate and number of repayment current payments due to user; causing the computer to calculate an installment amount by adding the fixed principal repayment amount and interest payment; causing the computer to calculate a remaining principal amount by subtracting the fixed principle repayment amount from the principal loan amount; causing the computer to calculate a subsequent interest payment based on the remaining principal amount, the interest rate and number of repayment current payments due to user wherein the principal payment remains constant throughout all of the repayment current payments due to user and the interest payment declines with succeeding repayment current payments due to user as the principal is paid by each prior repayment current payments due to user, such that the repayment current payments due to user decline with each payment of a prior repayment current payment due to user; and causing the computer to calculate a subsequent current payment due to user amount by adding the fixed principal repayment amount and the subsequent interest payment which is decreased from the prior interest payment as principal is paid with each repayment current payment due to user.