Term Loan Module

This module helps the user to efficiently monitor and control term loans management by automating the process of:

  • Keeping track of all debtors
  • Managed Term Loan with options for:
    • Different repayment methods (Principal & Interest, Interest only or Mixed)
    • Different repayment frequency e.g. monthly, quarterly, bi-annually or yearly
    • can handle different payment amounts of different dates
  • Automatically calculate all interest and late payment charges using daily basis with option to set interest rate and late payment rate
  • The program can automatically calculate very accurately the repayment schedule and final repayment amount
  • it can Monitor in detail all past payment records and interest charged with the current outstanding and repayment schedule
  • can provide Debtors monthly statement, reminder letter and payment receipts
  • calculate aging reports

Should you have any queries pertaining the above, kindly Contact us for further information.