The Loan Management System is software application used to manage the loans of financial institutions. It is the debtor’s ledger that manages all aspects of an instalment loan over its life. The System can be adapted to manage various forms of loan.

Types of loans managed by the Loan Management System.

• Asset Based Loans
• Personal Loans
• Floor Plan Loans
• Group scheme loans
• Draw down loans
• Insurance Premium Loans
• Employee deduction code loans
• Loans with extra e.g. insurance; document fees etc
• Other (user can specify)

The Loan Management System manages various types of payment plans

• Staggered plans
• Fixed/linked
• Residual
• Lease; HP; Instalment sale; Rental
• Other (user specified)

The Loan Management system caters for many transaction types. More types can be specified by the user. The user can also specify how the transaction is to be treated e.g. is there commission on the transaction, what General Ledger entries and codes must apply. Below is a sample of some of the transactions.

• New deals
• Receipts – EFT; manual; file; batch etc
• Reversals
• Journals
• Settlements
• Re-advances/ de-advances
• Deposits
• Re-schedule
• Escalations
• Arrear interest
• Monthly charges
• Provisions
• Suspended interest
• Write-offs

The Loan Management System has a complete collections system including

• Arrears queues for collection
• Diary queues follow up
• User defined deal tagging
• Legal subsystem