Along with knowing how to manage these different lending types, the software also has some really strong core functionality and ‘additional’ features, so make sure you check out the bells and whistles and core modules.
This module is designed to cater for principal and interest loans which have a fixed interest rate. Typical examples are Consumer Loans, Personal Loans and some Business Loans.+
This module will process both Operating Leases (IFRS16 Compliant) and Finance Leases in a way that will allow the account and related asset(s) to be accurately accounted for.+
This module is designed to cater for interest only compounding loans, interest only repaid loans, principal and interest loans (Table Mortgage) and hybrid loans.+