FinnOne Neo Corporate Loan Management

FinnOne Neo Corporate Loan Management provides easy configurability of services such as changes in contract terms due to additional disbursements, prepayments, interest rates, tenures and repayment structures. The use of various payment methods and the associated parameters bring huge efficiencies in changes to contracts without manual intervention such as automated principal reduction using escrow payments, use of pre-defined allocation rules to reduce term or regular payments including proportionate principal reduction over the future term for a particular contract. The solution allows banks and other financial institutions to easily change contract terms to handle additional disbursements, prepayments, interest rates, tenures and repayment structures. The solution’s support for a wide variety of repayments methods such as NACH, auto debit, PDC, escrow account, virtual account, which ensures that banks can make changes without any manual intervention.

The Solution helps in easier compliance with regulatory and contract specific requirements with the option to maintain covenants and special terms and conditions that may be applicable on a contract, one-off or periodic in nature. Periodic condition checks can be applied by specifying a frequency with the system processes ensuring compliance to the same. Any breaches can be communicated using mails and additional charges automatically applied as per agreed terms. Tax payments are managed along with related reconciliation and compliance to local tax requirements. Stressed Accounts management, Sell Down and tracking of NOCs for multi-unit real estate projects are some of the additional features that can help bankers with specific needs.