CL Loan is a complete, agile loan servicing application that automates loan billing and payments, collections management and accounting under one robust, flexible and secure platform. It efficiently manages portfolios, increases transaction volume and rapidly brings new products to market. CL Loan enables real-time online updates of transactions, and can be easily integrated with mobile platforms. CL Loan gives you complete control of your lending products and provides support for all of your lending needs.
Supports online, line of credit, secured and unsecured consumer loans
Supports small business loans, commercial real estate and commercial and industrial loans
Supports EMIs, variable, seasonal, balloon and interest only payment structures
Supports term loans, lines of credit, fixed, floating and step interest
Manage the complexities encountered during the lifecycle of the loan. Manage contract creation, execution, and analysis for maximizing financial and operational performance and minimizing risk. With CL Loan you can manage:
From loan creation to modification and termination
Reschedule, extend or change terms
Refinance single or multiple loans
Adjust principal, interest and fees
Reversal of transactions, post dated transactions and waiving charges and fees
Automate the buyback of loans from partner financial institutions
Suspend loan activities such as ACH, accruals communications and disbursals based on events like bankruptcy or fraud
Automate the recurring tasks of your lending operations. CL Loan can manage a variety of tasks and workflows such as customer billing, payment collections and calculation of fees and other charges.
Manage multiple disbursement methods including one-time funding, funding in tranches, disbursement schedules and multiple drawdown
Manage customer bill generation and payments including manual payments or automated payments via ACH
Automatically calculate and bill fees
Manage single or multiple investor portfolios, calculate interest, payouts and manage funds movement
Manage the calculation and payment of broker commissions
Support for credit bureau reporting in Metro2 format
Manage calculations, accounting transactions, payments and funds movement
Real-time online updates of transactions to the Sub-ledger
Wizard-based approach for general setup and loan product configuration
Manage the contract lifecycle from creation to termination. Modify contracts for interest rate, calculations, payments, due days, terms, principal adjustment and more.
A complete range of payment frequencies, interest calculations, and payment spreads
Flexible interest structures such as flat rate, declining balance, flexible repayment and floating rate index and margin rates
Spread payments automatically or manually across principal, interest and fees
Support for ACH, multi-country ACH and manual payments, EMIs, variable, seasonal, balloon and interest only structures
Aging, delinquent accounts, unpaid invoices and multiple performance reports with custom dashboards that provide charts, tables, gauge and metric reports.