The module manages loan agreements on investment credits, financial aid as well as credits reinvested in the state and commercial organizations.

Information about loan agreements includes all necessary attributes including data of creditor or borrower, drawing up period, security data, loan analytical data (urgency, destination, borrower category, etc.).

Contract text may be generated automatically using system Report Generator. Report Generator allows development of contract templates using Microsoft Word format and substitution of data extracted out of the system. It is possible to edit and print the contract text, and the final text will be automatically placed to client's file. Input of new templates and modification of existing templates is possible.

The module provides implementation of loan granting transaction with control of specified drawing up period.

Maintenance of credit lines is available.

Interest rates may be specified as fixed rate, or floating rate, or graduated. It is possible to use daily changing rates as a base interest rate (e.g. LIBOR or refinancing rate of the Central Bank).

Interest is calculated with the use of simple or compound interest, with or without capitalization, and on any desired basis (e.g. 360 or 365 days in the year).

Principal and interest repayment schedule calculation may be performed by one of the following user-defined options:

• by equal parts (annuity);
• interest - periodically, principal - at a time at the end of period;
• principal - by equal parts, interest - at the same time with principal;
• subject to grace period, which may be different for principal and interest.

It is possible for user to modify the repayment schedule before the contract comes into effect. It is possible to input arbitrary repayment dates and arbitrary amounts for principal repayment. Interest recalculation during correction is performed automatically. Modification of contract in force repayment schedule is possible only for non-executed items.

Loan prolongation is possible with automatic recalculation of the repayment schedule.

Automatic supervision of operations schedules is performed in time: interest repayment, principal repayment, commission payment and other events, connected with loan agreements. Reminders on such events are generated automatically by the system. Each amount for payment is recorded in the system individually and has its own history.

It is possible to perform transactions on loans issued inland at the expense of investments. Terms of loan issue and repayment in internal agreements may differ from terms of the external agreement. Connection of internal agreements with the appropriate external agreement is provided for summary reports generation.