Every credit business should provide installment loans to their customers. The credit business may choose to offer consumer loans, guarantor loans or secured loans. Installment loans will be issued every day. As installment loans form a large part of most credit businesses, it is vital that a reliable loan management system is in place to ensure positive results.
Installment loans allow you to borrow a set amount of money. Unlike line of credit loans or credit cards you must decide the total amount you would like to borrow before borrowing any funds. Installment loans are paid back of a fixed period of time, typically via monthly payments but repayment schedules can vary depending on the provider.
Our loan system is recognised by professionals in the financial sector as being an efficient tool to manage loans. The wide range of features our system offers allows businesses in the financial sector to save time and money whilst enhancing loan management systems and processes. Our loan management software allows you to manage all aspects of installment loans from one place.
With our system you can also:
To find out more about how our loan management software can support your business with installment loan processing and administration, please contact our team or book a free demo.