<aside> 🔣 Current Headline Rate: 9.25%

Doc Fee $495

See calculator on https://solarisfinance.com.au/calculator

</aside>

Calculator

• The best place to get repayments.
• Available on the website and login.
• We also have an API connection with Pylon

Input screen

Output screen

What are the different tiers?

• Sometimes, customers do not get approved with the cheapest lenders.
• Tier 1 is the cheapest, Tier 2 is more expensive, Tier 3 is more expensive than that.
• There are actually > 5 tiers but the majority of our finance goes to the top 3.

When is the first payment due?

• Payments are in advance.
• First payment comes out day after settlement.
• Documentation fee is deducted with first repayment.

How is it calculated

• Repayments are calculated using a Annuity Payment calculations.
• Interest is compounded monthly.
• 🤓 If you’re really nerdy and want to know the actual calculation, check out https://financeformulas.net/Annuity-Due-Payment-from-Present-Value.html