EverBright allows you to quote and generate proposals with virtually any other financing product currently in your product mix. We have a lot of financing options already set up on the platform. Let's see if we already have what you're looking for!
EverBright can take your install cost input and automatically calculate an amount financed based on a dealer fee. Amount financed would be calculated as Install cost / (1 - dealer fee%). Eg. if the dealer fee on one of you products is 5% and you specify an install cost of $30,000, EverBright would calculate an amount financed of $30,000 / (1 - 5%) = $31,578.
If you answer 'No' on the left, any potential additions of fees in the following questions will be disregarded.If you answer 'Yes', and do not enter anything into the fee column, we'll add the product without fees.
If adding split or reamortizing loans, what should be included in the prepayment? Alternatively you can enter in the the full percentage in Other. Please note, for reamortizing or split loan we automatically include the ITC in the prepayment
A promotional loan type has a set time where the loan payments are lower than others. We model two promotional loan types. One promo loan type is interest-only. During this time period, payments are made on the interest and not on the principal. The other promotional period modeled is no-interest-no-payment. During this period, interest does not accrue on the loan and their is no monthly payment.