Loan Lifecycle

The credit platform manages and tracks the account lifecycle from inception to completion.

• loan illustration, prediction of repayments and total interest for a loan
• Loan creation, setting up loan account
• Disbursement, triggering actual loan amount
• Daily processing, calculation of interest and updating account status
• Repayment, updating balance
• End of cycle processing, generating statements and updating account status
• Final repayment, recording account maturity and closing account