Instalment Breakdown for Loans and Leasing

When a financial institution provides the detailed repayment schedule of a Leasing or Loan contract, nBanks now automatically creates sub-transactions for each instalment component: capital, interest, fees, stamp duty, and any other charges reported by the institution.

Each component can then be analyzed, categorized, tagged, and reported individually, giving you far greater visibility into financing costs and contract amortization.

This functionality is available through the Batch add-on together with the corresponding Financing - Leasing or Financing - Loan add-on. Combined, these add-ons enable the automatic creation of sub-transactions for each instalment component.

In multiuser environments, access to these sub-transactions is governed by the permissions configured for Sub-Transactions.

Benefits:

• Break each instalment down into capital, interest, fees, and other charges;

• Analyze, categorize, tag, and report every component individually;

• Greater visibility into financing costs and contract amortization;

• Automatic sub-transaction creation from the institution's repayment schedule;

• Access controlled through Sub-Transactions permissions in multiuser environments.

Available in all geographies.

You can try this feature here.