eCheckTrac's Installment Loan features allow you to provide your customers with near limitless payment options. The comprehensive administration allows you to customize an unlimited number of Consumer Loan Programs.
- Support for both Interest Bearing and Precomputed Loans
- Standard Amortization, Interest Only, or Rule of 78's
- Unlimited number of fully customizable Installment Loan programs
- Full use of eCheckTrac's comprehensive Rules Engine
- Alternate payment allocation techniques
- Alternate first payment dates
- Plug-in origination fee rules
- Automatic odd-days interest management
- Detailed payment schedule
- Custom documents (contracts, receipts, etc)
- Automatic prepayment management
- Support for CSO Model
- General Ledger (Principal, NSF Principal, Interest, NSF Interest, etc)
Call now to schedule a no-obligation live demonstration, or request one online.