Step 1: Entering Loan Details
In this section, you'll provide information about the loan you’re applying for. Carefully enter the details to ensure your loan application is accurate.
✅A. Enter the Deposit Amount
Click on the Deposit Amount field.
Enter how much you plan to pay upfront as a deposit.
👉 Tip: If unsure, check with your lender to determine the recommended deposit.
✅ B. Enter the Trade-In Amount
If you’re trading in an asset (e.g., an old vehicle), click on the Trade-In Amount field and enter value.
The payout will be deducted from the trade-in value.
✅ D. Set the Repayment Term
Click on the Repayment Term field.
Enter the desired loan term in months (e.g., 60 months for a 5-year loan).
Typical terms range from 12 to 84 months, depending on the lender.
👉 Tip: Hovering your mouse on the text field presents up and down arrows to increase or decrease the value of the repayment term instead of manually entering the value.
✅E. Enter the Balloon Payment (If Applicable)
If your loan includes a balloon payment, enter the amount or percentage in the Balloon field.
You can switch between % and $ by clicking the button next to the field.
👉 Tip: When choosing percentage; be sure to enter a valid percentage as en error may occur otherwise.
✅F. Enter the Brokerage Fee (If Applicable)
If a broker fee applies, enter the fee as a percentage or dollar amount in the Brokerage field.
Click the % or $ button to choose the correct format.
👉 Tip: When choosing percentage; be sure to enter a valid percentage as en error may occur otherwise.
✅G. Enter the Origination Fee
If Origination Fee is applicable; click on the origination fee field and type in the appropriate value.
