We have half way developed customer loan module need to add below enhancements
This app developed in ERP next
New features
Add/modify Loan Products
Choose from Flat Interest, Reducing Balance - Equal Installments, Reducing Balance - Equal Principal, Interest-Only loans, or Compound Interest
Released Date, Amount, Interest %, Duration, and Repayment Cycle
Add Repayment Cycle for example fixed days every month
Set Grace Period
Set Penalties for late repayment and after maturity date
Set a different Interest Start Date
First Repayment Date and First Repayment Amount can be manually set in Add/modify Loan
Add/modify Loan Fees
Add/modify Guarantors
Add/modify Loan Agreement files
Loan Calculator
Add/modify Custom Fields
Add/modify Loans for Processing
Set Loan Reminders
View and print Loan Statement and Collection Schedule
Add Repayment
Add Bulk Repayments
View Loan Terms and Files
Add Comments
Edit Collection Sheet
Restructure Loan
Override Loan Due Amount
Filter Loans
View Pending Due Loans
View Past Maturity Date Loans
View 1 Month Overdue Loans
View 3 Months Overdue Loans
Add Collateral
View Loan to Value (LTV) ratio
Manage all Collateral in a Register
View Sample Loan Agreements
Upload Loan Agreement Template
Download Customized Loan Agreement for each loan
About the recuiterMember since Sep 11, 2017 Stelios Agne
from Attiki, Greece