Bankers Realm comes with a very rich and highly parameterizable loans module that enables tracking of the complete loan process from inception to the loan closure by natural completion, closure, pay off or write off.
Loan refinance and topup
Loan PayOff / Preclosure
Loan Reschedule / Restructure
Loan WriteOff for bad loans or unrecoverable loans
Benefits to Customers
Generates detailed loan account statements
Prints Loan Repayment Schedule enhancing easy tracking
Automates loan processes e.g. LOP (Loan on phone)
Can work on multiple gadgets
Repayment reminder through integration with bulk SMS
Benefits to Business
Web based application; hence installation CDs are not required.
Cheaper than Core Banking System
Can easily be integrated to the Credit Reference Bureau
Has internally built report writer to generate reports for loan management
Easy tracking of loan disbursements
Eases monitoring of portfolio at Risk / Arrears
Monitors income; Interest income and receivables; Interest and penalty accruals and suspension
Automates loan repayments either individual/business loans or check-off for salary based loans.