Revolving Credit Loan Account Module

Once a client has your store card, your line of credit or even your credit card, they are more likely to stay a customer - compared to a traditional term loan where the client may seek finance from other sources once the loan has been repaid.

The Revolving Credit Loan Accounts Module provides functionality that facilitates a flexible line of credit for clients that can have multiple drawdown's, a variety of repayment options and flexible interest calculation methods.

It incorporates a great deal of flexibility such as:

• Flexible minimum payment calculations, including the higher of a fixed value or the percentage of balance
• Variable start up interest rates
• Flexible Interest frequencies
• Flexible Statement cycles
• Up to three Credit Limits
• Default Interest charged on overdue payments
• Flexible fee structures