Tuesday, November 18, 2014

Interest Caster - KODIT

Introduction

Interest-Caster, which was introduced in September 2012, is a forecast system of loan interest for SMEs that are planning to get loans from financial institutions.
This new system made it possible for SMEs to acquire information about most optimal loan interest rate among the banks thereby gaining stronger bargaining power in the loan contract.

Input Data of SMEs

To access to the information of optimal interest rate for loans, SMEs should visit KODIT’s website and input data as follow:

Factors Input Data
Financial Factors
(Optional Factor)
Total assets, Capital, Sales, Net profit
Non-Financial Factors
(Essential Factor)
Types of business, Date of establishment, Number of employees, Experience of CEO
Loan Factors Expected amount of the loan

Expected Interest Rate

SMEs can access to the information of expected interest rate of credit guarantee loans, non-guaranteed loans and loans of 「Online Loan Market」

Interest Rate Details
Interest Rate of Credit Loans Expected interest rate in case of non-guaranteed credit loans
Interest Rate of Guaranteed Loans Expected interest rate in case of guaranteed loans
Interest Rate of Online Loan Market Expected interest rate in ‘Online Loan Market’

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