Loan types

Every kind of small loan, in one place

Gold, personal, business, vehicle, property, education and agriculture loans, plus a category for anything else.

Gold loans

Lend against gold and keep a clear record of what you are holding. Helpful for pawn shops, pawn brokers and anyone who lends against items.

  • Describe each item with its weight and purity in the collateral note
  • Attach photographs and the signed agreement to the loan
  • Tracked as a secured loan automatically

Personal loans

Loans to individuals, with the schedule built for you.

  • Unsecured by default
  • Choose flat, reducing-balance or interest-only
  • Monthly instalments, or weekly with no interest rate

Business loans

Working-capital and term loans for small businesses.

  • Secured or unsecured, as you decide
  • Fees and advance interest taken at disbursal, with the net payout shown
  • Part-payments, late charges and prepayments

Vehicle loans

Record the vehicle as collateral and keep its papers with the loan.

  • Collateral description on the loan
  • Upload agreements and collateral documents
  • Tracked as a secured loan automatically

Mortgage and property loans

Longer loans secured against property.

  • Collateral note and documents attached to the loan
  • Longer terms with the full schedule on one page
  • Restructuring if terms need to change

Education loans

Loans for fees and study costs.

  • Standard schedule and receipts
  • Statements the borrower can open themselves
  • Reminders before each instalment

Agriculture loans

Loans for farming and related costs.

  • Secured or unsecured
  • Reducing-balance, flat or interest-only schedules
  • Prepayment and restructuring when income arrives late

Anything else

A category called Other covers every loan that does not fit the rest.

  • The same schedule, receipts and reports
  • Secured or unsecured
  • Filter and report by category

Repayment styles

Choose how each loan is repaid

The schedule is built for you from the amount, the rate and the term.

Reducing balance

Interest is charged only on what is still owed, so each instalment pays off a little more principal than the last.

Flat rate

Interest is worked out once on the full amount and spread across the instalments.

Interest only

The borrower pays the interest each month and the principal at the end.

Weekly, no interest rate

Equal weekly collections with no interest rate, for lenders who collect weekly.

On every loan

The details that make real loans messy

  • Advance interest and fees taken at disbursal, with the net payout shown
  • Late charges with a grace period you set
  • Prepayments, where the schedule is recalculated for you
  • Restructuring a loan whose terms need to change
  • A secured versus unsecured report, so you can see how much of your book has collateral behind it
  • Documents, agreements and photographs attached to the loan

What it does not do

The collateral note records what you are holding and you decide what it is worth. The software does not value gold or property, does not calculate a loan-to-value ratio for you, and does not run auctions. It also does not tell you what the law allows where you lend.

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