LOAN SERVICING
The Intellect Loan Management Module offers a sophisticated solution for
post-disbursement loan management in banks. It handles account booking,
disbursement, interest computation, due dates, payment allocation, and various
adjustments like repayment reversals and waivers. Additionally, it supports early
and regular loan closures, rate changes, deferrals, delinquency management,
collateral activities, and more.
Product Creation
• Product Definition
• Rate Type Scheme
(Tier/Hybrid/Floating/Adjustable)
• Due knock off priority scheme
• Fee Scheme
• Credit Scheme
• Penal scheme
• Delinquency scheme
• Accounting scheme
Transactions
• Scheduled Payment
• Payment Reversal
• Excess Adjustment
• Adhoc Fees & Waivers
• Manual Delinquency
• Closure (Maturity & Early)
• Loan & Disbursal Rescheduling
• Deferral
• Waivers
EOD / Batch Process
• Interest calculation
• Accrual – Due Creation
• Late payment fees
• Delinquency movement
• Auto Closure
• Auto Reschedule
• Auto RPA cleanup
• Provision calculation
• Financial postings
Booking/Initiation
• Entity Definition
• Project Definition
• Retail Loan Booking
• Corporate Loan Booking
• Top-up loan
• Rollover loan
• Disbursal
• Document creation
• Notepad
• Payout
Maintenance
• Associate Details
• Collateral Details
• Disbursal Hold
• Interest Rate Change
• Link-Delink Fees
• POS Change
• Repayment Mode
• Holiday Master
• Bulk Uploads
Queries
• Loan Queries
• Collateral Queries
• Loan statement
• Notepad Query
• Standard reports
• Bulk payment
• Bulk deferment
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