"Loan Refinancing Results at a Glance"… Finda Offers Automatic Calculator Function
Up to 3 Expected Debt Consolidation Results Provided Immediately
Fintech company Finda, specializing in loan brokerage and management, offers a feature that allows users to instantly check the expected results of refinancing complex loans.
Finda announced on the 23rd that it has launched the 'Loan Switching Calculator' feature.
With this, loan users can enter their existing loan information and see the expected outcome of refinancing within just 3 seconds. By inputting loan balance, interest rate, loan maturity date, and repayment method, users can find out how much money they can save monthly, the remaining interest, average interest rate, and more after refinancing.
This feature is expected to be especially useful for multiple debtors holding several loans. When managing multiple loans, the calculation process becomes more complex, making it difficult to estimate changes after refinancing on their own. Using Finda's 'Loan Switching Calculator,' users can receive expected results when consolidating up to three existing loans into one.
The calculated results can also be finely adjusted. Users can slide to adjust interest rates and loan periods and see the expected results change in real time. The 'View by Credit Score' function allows users to simultaneously compare the average interest rates and loan periods of Finda users with similar credit score ranges, such as ▲0?635 ▲636?820 ▲821?1000.
The calculation result screen can be freely shared or saved via KakaoTalk, links, or QR codes. These features are available on Finda’s website.
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Lee Hyemin, co-CEO of Finda, said, "As interest burdens continue to grow, we created this to help users who want to reduce their interest burden through refinancing but find it daunting to calculate on their own." She added, "Those seeking smart loan management can use the Loan Switching Calculator to consolidate multiple loans into one and switch to loans with better terms."
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