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<calculator>
 <vos>
 <common>
 <FormulaType value="2" />
 <AssumptionText type="cdata"><![CDATA[ Calculator Information
 
 The Loan Repayments Calculator gives an indication of the type of repayment 
 required and the total interest payable, at the frequency requested, in respect of the 
 loan parameters entered, namely amount, term and interest rate.
 <div class="ic-hrline">
 </div>
 Calculator Assumptions
 Length of Month 
 
 All months are assumed to be of equal length. In reality, many loans accrue interest on 
 a daily basis which means monthly interest charges may vary depending on the number of 
 days in the particular month.
 Number of Weeks &amp; Fortnights in a Year
 
 One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly
 assumes that a year has 364 days rather than the actual 365 or 366.
 Rounding of Amount of Each Repayment
 
 In practice, repayments are rounded to at least the nearer cent. However the calculator 
 uses the unrounded repayment to derive the amount of interest payable at points along the 
 graph and in total over the full term of the loan. This assumption allows for a smooth graph 
 and equal repayment amounts.
 Interest Rate
 
 The interest rate used in this calculation is the AMP's Rate for investment purposes 
 (which is a variable interest rate based on principal & interest repayments) and may change at any time without notice.
 ]]></AssumptionText>
 <Footer type="cdata"><![CDATA[Note: The results are an approximate guide and should not be used as exact values 
 for financial planning purposes. The results do not constitute an offer to provide credit and do not imply that 
 credit is available. The formulae used within this calculator may change at any time without notice. 
 Applications are subject to AMP’s usual credit assessment. Fees and charges apply. Full details of terms 
 and conditions, including fees and charges are available on request. The calculator is provided by InfoChoice. ]]></Footer>
 </common>
 <loanRepayments>
 <InterestRate type="num" default="5.42" max="20" />
 <LoanTerm type="num" default="25" min="1" max="30" />
 <FixedPeriod type="num" min="0" default="2" max="30" />
 <LoanAmount type="num" default="300000" min="40000" max="3000000" step="1000" />
 <LoanAmountRanges value="0,1000000,2000000,5000000" />
 <LoanAmountValues value="10000,50000,200000" />
 <LoanAmountInputMax value="5000000" />
 <InterestFreeRate type="num" default="4.5" max="20" />
 </loanRepayments>
 </vos>
 <components>
 <InterestSavedForm label="Interest you &lt;br&gt;could save" />
 <TimeSavedForm label="Time you &lt;br&gt;could save" />
 <IncreasedRepaymentAmountForm label="Increased &lt;br&gt;repayment &lt;br&gt;amount" />
 <InterestFreePeriodForm label="Interest Only Period" />
 </components>
</calculator>

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uat Calculator Admin

Global Settings > Clients > AMP > Home Loan Repayments V3 View Merged XML View Loader Script