The Credit Management System supports requisite functions in the areas of installment, mortgage, line-of-credit, and commercial lending. It provides main supporting aspects of loan processing functionality including “What-If” analysis tools, On-line Loan application origination and authorisation, Collateral records, Standing orders, Payments waivers etc. It has a comprehensive loans portfolio reporting that gives the global picture of the customer or branch and has query/reporting facility for sectored analysis that lets the bank or branch know how they are fairing.
Main Product Features
- Fully multi currency
- User-defined fixed or variable rate types
- Flexible rates set-up
- User-defined interest and penalty calculation plans
- User-defined accrual frequencies
- User-defined performance classification plans
- User-defined processing rules based on performance classification
- User-defined aged analysis parameters
- “What-If” analysis calculator and quotations
- Addition to approved loan amounts
- Disbursement and repayment schedules
- Automatic repayments using standing orders
- Payment waivers
- Automatic and manual performance classifications
- Late payment alerts/reminders
- Automatic loan review notification
- Loan payoff and Loan write-off
- Automatic account closure
- Flexible query and intuitive interactive report parameters