Loan Products Configuration
Build any loan product your market needs — define interest methods, fee structures, repayment rules, and eligibility criteria without writing code.
Loan Products Configuration is the foundation of the YoApp lending engine. Every parameter that governs how a loan behaves — from the interest method and repayment schedule to the fees, penalties, and eligibility criteria — is defined in the product configuration, not in code. This means your operations team can launch new products, adjust pricing, or modify rules in minutes, without a development cycle.
Everything you need, nothing you don't
Interest Method Selection
Choose from flat rate, reducing balance (monthly, daily), or compound interest. Each product can use a different method — the calculation engine handles all of them.
Tenure Configuration
Set minimum and maximum loan tenures, define allowable step values (e.g. in months), and configure grace periods before the first repayment falls due.
Fee Structures
Define origination fees, processing fees, insurance premiums, and any custom charges — as flat amounts or percentages of the loan principal, collected at disbursement or over the loan life.
Penalty Rules
Set penalty charges for late repayments — as a flat fee, a percentage of the overdue amount, or a daily accrual rate. Define the trigger date and escalation schedule.
Eligibility Criteria
Configure who can apply for each product — by customer type, KYC tier, minimum income, existing loan status, or any custom attribute in the customer registry.
Repayment Frequency Options
Support weekly, fortnightly, monthly, and custom repayment cycles per product. Schedules are generated automatically at disbursement based on the product rules.
Multi-Currency Products
Configure loan products in any supported currency — USD, ZWG, or ZAR. Disbursement and repayment can be in different currencies with automatic FX handling.
Product Version History
Every change to a product's configuration is versioned. Existing loans continue on the rules that were active at origination; only new originations use the updated configuration.
Built for your team
Launch new loan products, adjust pricing, and respond to market changes — in minutes, without involving developers or waiting for a release cycle.
Ensure the platform enforces your credit policy accurately and consistently across every branch and every loan officer — automatically.
Model the impact of pricing changes by reviewing existing product configurations and their portfolio performance before making adjustments.
Often used together with
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