Agile lending is a loan servicing solution which provides all lending providers with the ability to originate, approve or decline, disburse, manage and report on their loan books irrespective of the type of loan.
All Loan Types
The solution caters for most loan types including secured and unsecured term loans, revolving credit as well as short and long term asset financing.
The solution calculates the initial repayments differentiating between charges, interest and capital and allows for recoupment planning, including payment holidays and capital lump sum repayments both during the application process and once a contract is active.
Customer receipts are allocated to customer records in both the trade debtors subledger and the loan book subledger using specifically configured customer payment journals with a mandatory contract field.
Postings Are Automated
Charges and contract line posting transactions can be batch driven to automate the generation of the transactions or they can be generated on demand where specific customer or contracts need to be processed.