The line of credit lending process is much more complex than that of simple lending. CREDITONLINE’s line of credit software is a reliable and efficient software solution that allows for an easy loan issuance and administration process.
Line of credit is a permanent way of financing working capital. The bank or financial institution sets a borrowing limit and the company (client) can borrow up to this limit at its convenience. The advantage of line of credit loans compared to simple loan issuance is that the borrower saves time as the financial institution doesn’t have to constantly assess the risk of the loan repayment or interest repayments.
Our software solution has been developed to make the complex process of administering the line of credit process simple and easy. CREDITONLINE’s solution is completely customisable and allows you to create a software solution that suits your needs. There are a wide range of features and functions that can be added to make the management process as efficient as possible for you and your team.
There are a range of features available to improve the efficiency of your line of credit process. Some of these include:
As well as these great benefits, there are many more! Some additional benefits include:
If you would like to find out more about our line of credit solutions that are recognised by financial sector professionals then please contact our team or book a free demo for further information.