Configure daily or monthly interest schemes, define loan-to-value ratios, manage penalty rules, and automate interest calculations for every loan. FinApp gives pawn brokers complete control over their lending policies.
Quick Summary: Create customized interest schemes for different branches, materials, and loan categories. Configure business rules once and let FinApp automatically apply them to every loan.
Create multiple schemes with unique names and descriptions, making it easy to manage different lending policies.
Assign different schemes for each branch to support varying business requirements and regional policies.
Configure separate schemes for gold, silver, and other pledged materials with individual business rules.
Enable or disable advance interest collection for each scheme independently.
Advance interest is calculated automatically without manual intervention.
Calculate advance interest according to loan duration and configured interest rate.
Define the maximum loan amount that can be sanctioned against pledged materials by configuring the Loan-to-Value (LTV) ratio. FinApp ensures every loan follows your approved lending policy.
Configure the maximum percentage of loan value against pledged gold.
Create different LTV ratios based on branch, material type, or business policy.
Reduce lending risks by applying predefined LTV limits automatically.
Configure penalty interest rules that automatically increase the interest rate after a specified number of delayed payment days. Create multiple penalty slabs to suit your lending policies.
Define the number of overdue days before penalties begin.
Automatically increase the interest percentage after delays.
Add unlimited penalty rows for different delay periods.
Every loan automatically follows the configured penalty rules.
Find answers to common questions about the Interest Scheme Master.