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.