11.2.3 Rental Calculator

This topic provides information on the rental calculator used to estimate rental amounts based on lease terms, asset cost, interest rate, and tenure.

If user are working on Rental based lease type of contract, user can use the Rental Calculator tab to simulate rental billing calculation based on defined cycle. This tab is enabled if user have selected Rental / Usage Rental type of product in Scenario Analysis section.

To calculate rental / usage rental

1. On the Origination, click Origination. Under Origination, click Scenario Analysis. Under Scenario Analysis, click Rental Calculator.
2. Populate all the required details below and click Initialize.
   A brief description of the fields is given below:

   Table 11-5 Rental Calculator

   Field	Description
   Calc Method	Select the calculation method to be used from the drop-down list. System supports only interest rate type of lease calculation method.
   Rental Start Dt	Select the rental start date from adjoining calendar.
   First Pmt Dt	Select the first payment date from the adjoining calendar.
   Rental End Dt	Displays the contract end date.
   Term	Displays the total number of cycle defined in the contract.
   Rent Amt Per Cycle	Displays the rental amount defined for each cycle.
   Total of Pmts	Displays the total of payments for entire term.
   Calculator Options	Displays the calculator options section.
   Rent Collection Method	Displays the rent collection method applicable.
   Billing Cycle	Displays the defined billing cycle.
   Excess Rent Collection Method	Select the type of method to be used to for excess rent collection (Usage / Rental Matrix) from drop-down list.