Loan Management
Once loans are disbursed, eBanqr’s Loan Management module takes over, providing robust tools to efficiently manage your entire loan portfolio. Gain real-time insights, automate critical processes, and ensure meticulous record-keeping. From repayment tracking to interest calculations and adjustments, our module ensures your portfolio remains healthy and profitable.
Efficient Loan Management for Optimal Portfolio Performance
Benefits:
- Improved portfolio quality and reduced delinquency rates.
- Enhanced operational efficiency through automation.
- Accurate financial reporting and forecasting.
- Better customer service with up-to-date loan information.
- Reduced manual errors and operational risk.
Loan Management Features
- Repayment Scheduling & Interest Calculation:
- Automated & Configurable Schedules: Automatically generates repayment schedules.
- Flexible Amortization: Supports equal installments or equal principal payments.
- Diverse Interest Methods: Includes flat, declining balance, and declining balance with interest re-calculation.
- Configurable Periods: Defines interest calculation, rest, and compounding periods.
- Payment Application Logic: Configurable rules for handling advanced payments.
- Moratoriums & Grace Periods: Allows for flexible repayment terms to support borrowers.
- Loan Adjustments, Refinancing, & Restructuring:
- Loan Reschedule Tool: Support for adjusting loan terms.
- Four Restructuring Scenarios: Extends loan terms, changes repayment dates, provides mid-term moratoriums/grace periods, or applies new interest rates. One or all can be applied to a single loan.
- Strategic Portfolio Health: These flexible options help manage portfolios in arrears, maximize recovery, and prevent defaults, fostering long-term client relationships.
- Loan Write-Offs: Loans can be formally written off and automatically moved to Non-Performing Asset (NPA) status based on arrears days.
- Operational Efficiency: Automation of routine tasks like bulk reassignment, inter-branch transfers, and automated payments streamlines operations, reduces manual effort, and improves repayment behaviour, enhancing portfolio quality.
- Portfolio Tracking & Management Tools:
- Centralized Product Configuration: Supports a vast range of credit, deposit, and share-based products for various client types.
- Client-Centric Management: Customer account is central, enabling unique identification, risk assessment, and attachment of financial services/data.
- Integrated Accounting: Powerful accounting package fully integrated with the loan portfolio, can function as a standalone GL.
- Collection Tools: Specialized collection sheets for group and individual lending, supporting bulk entry.
- Bulk Reassignment: Reassigns entire loan portfolios of staff, branches, or centres.
- Inter-Branch Transfers: Supports efficient loan transfers between branches.
- Loan Cycle Tracking: Tracks clients’ successful repayments to support progression to more advanced loan products.
- Automated Payments: Configures loan payments as standing instructions from guarantor’s or borrower’s accounts.
- Loan Loss Provisioning: Automatically provisions bad debts into expense accounts, with configurable categories (Standard, Sub-Standard, Doubtful, Loss) based on overdue days and percentages.
- Credit Bureau Integration: Seamless customer verification against external lists via APIs and web hooks.
- Comprehensive Audit Trails: Maintains a searchable record of all historical system actions and transactions for audits and internal control.
