Tools

Tools holds operational utilities used during lending - the loan calculator, no-objection certificate generation and beneficiary payout processing.

This section covers:

• Loan Calculator — The Loan Calculator wizard models a loan before it is booked, computing the instalment, total interest and full amortisation sched
• Generate NOC — Generate NOC produces a No-Objection Certificate or clearance letter confirming a member's loan is fully settled (or that the inst
• Beneficiary Payouts — Beneficiary Payouts manages disbursing benefits owed to a member's nominated beneficiaries - for example insurance-claim proceeds