The °neo platform supports the creation and maintenance of loans. There are several actions that can be performed on a loan.
Throughout the lifetime of a loan, a number of situations could occur that will require an update to the loan properties. For example, a borrower might miss a payment and the loan goes into default; or the bank and borrower will renegotiate the interest rate properties of the loan. °neo makes it easy for you to change the loan details as needed.
The actions that can be taken on an existing loan includes:
- Change payment plan
- Change interest
- Add costs
- Register Payment
- Change default status
- Write Off
- Loan disbursement
Each of these actions are described in further detail in the respective section.
Updated about 2 years ago