Frequently Asked Questions
Q. What kinds of financial contracts can I make using Zimple?
A. Zimple provides a unique platform that supports most financial agreements. If we don’t support it now we can build the interface for your unique transaction.
We currently support:
Loans:
- Amortized
- Simple Interest
- Interest only
- Principal and interest at maturity
- Balloon payment
- Fixed Payment with Balloon
- Fixed Balloon payment with calculated payment
- Monthly, Quarterly, or Annual payments
- Auto loan
- Program Related Investments (Charitable Trusts and Non-profits)
Leases:
- Residual payment at maturity
Settlements:
- Recurring periodic payment of a specified amount
Recurring payments:
- Rental payments
- Other recurring payments
Capital campaign management:
- Track multiple year capital commitments
- Individual
- Corporate
- Charitable Trust
Q. Why do you call them contracts and not loans?
A. A financial contract may be a loan, settlement, payment stream, or other payment agreement. They are generally legal contract to pay, so we generally refer to loans as contracts.