Loans and deposits

• Defining various types of loan and deposit products with different interest rates, commissions, eligibility conditions etc.
• Calculating interests, fines and commissions;
• Generating and keeping track of payment schedules;
• Handling overdue situations;
• Handling provisions for losses according to Russian regulations;
• Opening all necessary accounts according to Russian regulations;
• Generating and posting all necessary accounting entries;
• Maintaining collateral information and other functions.

The following large classes of loans are supported:

• Consumer loans with equal payments (including mortgage loans);
  
• Commercial loans;
• Credit lines;
• Overdrafts.

Most common types of retail and commercial loans can be built upon one of these templates with parameterization or minor custom development.

The module also supports fixed-term deposits by legal entities; personal deposits are covered by Personal deposits module.