A package to generate, analyze and work with simple installment loans.
Project description
pyloans: A simulator for installment based financial obligations
Introduction
pyloans is a python based package to simplify, analyze and work with
installment based loan obligations. The installments are generally a fixed
amount that the borrower pays to the lender at equally spaced intervals
over the life of the loan.
The pyloans package is written with both the borrowers (end-consumer) and lenders (financial institutions) in mind.
From a borrower's perspective the package offers the following functionality:
- Original schedule of Cashflows
- Modified schedule of Cashflows, in case of additional payments or full pre-payment
- Updated date of maturity based on additional payments made
- Annual Percentage Rate (APR)
From a lenders perspective the package offers the following functionality:
- Weighted average life of a loan (WAL)
Please see Quickstart guide for basic functionality of the package.
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