Repayments posted once, and every balance stays right
Borrowers see what they owe and pay by FPS to your own account. Staff confirm each payment against the bank, and the schedule, balance and reports update from that one entry.
The borrower knows what to pay
The borrower app shows the amount due, the schedule and an FPS QR code for your own receiving account, with a reference that ties the payment to the right loan.
Billing and repayments by the numbers
- FPS
- repayment instructions with a lender-specific reference
- 1
- entry updates the schedule, balance and reports
- SMS
- reminders before each due date, through your own gateway
- Excel
- export for collections and ageing reports
Posting that updates everything at once
When staff post a repayment, or confirm a borrower's FPS payment against the bank statement, the instalment is marked paid and the principal, interest and balance update together.
- Cash, bank transfer and FPS
- Borrower FPS claims confirmed against the bank
- Instalments marked paid on the schedule
- Every posting written to the audit trail
Reports finance can use
Collections by day and by method, overdue ageing and interest and fee income come from the same postings, with Excel export for your accountants.
- Collections by day and by payment method
- Overdue ageing by days past due
- Interest and fee income
- Excel export and print
Borrowers check before they call
In the borrower app, a client can see their balance, the next due date and every instalment, so fewer calls reach your staff.
- Balance and next due date
- Paid and upcoming instalments
- FPS QR for the lender's own account
- Secure messages with your team
See it on your own loan book
We set up a personalised demo around your own products and workflows, then your team tries it before you decide.
Book a personalised demo