Solution
Credit & Loan Solution
From application to final repayment, under control
Flat-rate and reducing-balance loan products, application to disbursement workflow with maker-checker, amortised schedules, guarantors, manual and automatic repayment, offset and arrears monitoring.
Loan products carry their own interest method, limits, tenure, upfront and interest-inclusive charges and GL mapping. An application moves through approval by a different officer, disbursement into the customer's account with charges taken automatically, and an amortised repayment schedule generated on the spot.
Repayments are collected at the counter, by standing order or by direct-debit mandate, and each one is split between principal and interest in the correct order. Loans due, outstanding loans and overdue marking keep the credit team on top of the book.
What it does
- Flat-rate and reducing-balance interest methods
- Upfront and interest-inclusive charges mapped to income accounts
- Application, approval, disbursement and schedule generation workflow
- Guarantors captured on the application
- Manual, standing-order and direct-debit repayment with correct principal/interest ordering
- Early offset, loans due today, outstanding loans and overdue marking
- Credit bureau summary and credit score retrieved inside the application
- Loan ledger and repayment schedule PDFs for the customer
How it works
- 1
Capture the application with guarantors and run the credit check.
- 2
A second officer approves; disbursement posts to the account with charges.
- 3
The schedule is generated and repayments collect against it.
- 4
Arrears surface on the loans-due and outstanding views daily.
Related
Works together with
Core Banking Solution
The branch banking core: customer profiles with any number of accounts, account opening with approval, teller cash deposit and withdrawal, tills and vault control, balance enquiry and statements.
Learn more →Transaction Processing
Real-time posting for cash, transfers, multi-credit and multi-debit batches, standing orders and bulk charges, hardened against duplicates, retries and concurrent tellers.
Learn more →Payment Processing & Collections
Loan repayments collected automatically by direct-debit mandate on the customer's card or bank account through Paystack, with retries, deactivation and a full attempt log.
Learn more →See Credit & Loan Solution on a live demo
A live demonstration on a sandbox with sample data, then a free two-day data assessment for a fixed go-live date.
Prefer WhatsApp? Chat with us