Credit Products for Micro, Small and Medium Enterprises

Quipu Core Banking offers financial institutions huge flexibility in defining product terms and features that match the vast range of markets and client types that exist around the globe. The following main product types are supported:

Annuity Loans
Variable Rate Loans
Constant Principal Loans
Bullet Repayment Loans
Seasonal Loans

Annuity Loans

Loans which are repaid in instalments, typically equal monthly payments comprising both principal and interest.

Constant Principal Loans

Loans with declining loan instalments: the principal is repaid in equal amounts over the term, while the interest decreases from one instalment to the next.

Bullet Repayment Loans

Loans with a single repayment of the principal at the end of the term – monthly payment of the interest while principal is repaid in a single instalment, composed of principal and interest, at the end of the term.

Seasonal Loans

Loans with repayment plans that include instalments that differ in terms of amount and frequency, often issued to clients engaged in seasonal activities, such as agriculture.

Variable Rate Loans

Loans with interest rates that can be modified during the term.

Credit Products for Micro, Small and Medium Enterprises

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