Loans Management

Loans Management

This module manages the whole Lending or loan accounts provided to end customers and based on the specific lending product configured. The lending products can be defined to specific customer types and currencies, allowing product specialization or market segments specific offerings.

The module platform provides the management of different type of lending products that are related to the Price Conditions module further detailed in this section.


      The following type or classes of lending products are available:

§  Single Payment:   The amount requested is repaid in 1 (one) installment having a fix due date and amount that reflects assessed interest and fees. Used in "pay day" scenarios or short-term top-up credit for MNO's customers.

§  Revolving Loan/Credit: This type of loan is based on a level of capital that will be available to the customer over a period of time. The customer may choose to drawdown (resulting in disbursement and amortization plan generation) in one time or over time.  A variety of repayment plans can be configured.

§  Standard Amortization or French Type: This type of loan is based on a fix amount of capital and has a derived installment amount from the number of installments that have been requested or configured.


The Loan product name (for example "Personal Loan", "Pay Day Loan", "Young Loan", others) can be defined as per marketing or product requirements. The Loans can be proposed in different currencies and with the type of amortization plans as presented above.


The following periodical lending or loans accounts settlements or daily processes are triggered automatically based on system configuration:


§  Loans Payments: end of day and during the day processing of loans payments (the system allows jobs to be executed during working hours (24x7 model).

§  Loans Delays Fees/Penalties: end of day processing of all the loans that match delay conditions for overdue installments. It computes delay interest and delay fees based on the specific loan product configuration.


      The following figure represents the Loans Accounts data sets and related functions to manage them. The data sets are specialized or derived by the type of main classes as                    introduced in the figure below:





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