Demo video: Loan Management
An all-in-one tool for managing loans efficiently, supporting both borrowing and lending, from interest computation to seamless accounting integration.
Key Features
- Borrowing Loan Contracts
- Create and manage borrowing contracts between organizations/businesses and partners.
- Store borrower details, loan amount, contract start and end dates.
- Manage contract states: Draft, Confirmed, Cancelled.
- Confirm, modify, and cancel loan contracts.
- Track loan progress: disbursements, repayments, refunds.
- Automatically generate payment schedules for borrowing loans.
- Lending Loan Contracts
- Manage lending contracts from your organization/business to partners.
- Support splitting loans into multiple disbursements.
- Record details about disbursed amounts, disbursement dates, and disbursement statuses.
- Track borrower repayment activities.
- Confirm, cancel, or mark loans as fully repaid.
- Support loan adjustments and early repayments.
- Payment Management and Reconciliation
- Record and track borrower repayments.
- Support partial or full repayments.
- Automatically reconcile repayments with corresponding loans.
- Ensure repayment amounts do not exceed outstanding balances.
- Handle overpayments, underpayments, or partial payments.
- Provide alerts for discrepancies in repayments.
- Send automated payment reminders when due.
- Refund Management
- Support partial or complete loan refunds upon contract adjustments.
- Monitor refund amounts, ensuring they do not exceed borrowed amounts.
- Automatically create accounting entries upon loan refunds.
- Interest Computation
- Support both fixed and floating interest rates.
- Define interest rates according to loan contract types.
- Calculate periodic interest amounts per repayment schedule.
- Track outstanding interest payments for each loan contract.
- Allow interest rate adjustments when loan terms change.
- Accounting Integration
- Automatically generate journal entries upon loan disbursements, repayments, and refunds.
- Record repayments directly in accounting ledgers per contract.
- Automate debt reconciliation and update loan balances in real-time.
- Provide financial reports covering loans: interest, total debt, outstanding balances.
- Manage loan-related cash flow within the Odoo accounting system.
- Multi-Currency Support
- Manage loans and lending activities in multiple currencies.
- Automatically calculate exchange rate differences when currency fluctuations occur.
Business Value
- Efficiency: Save time and reduce manual effort with automated planning, tracking, and journal entries.
- Precision: Ensure accurate interest calculations for both borrowing and lending activities.
- Insights: Get actionable insights into loan performance with rich reporting tools.
- Compliance: Meet accounting standards with built-in journal entries and analytics integration.
- Scalability: Easily manage loans across different companies, currencies, and regions.
Who Should Use This Module?
- Financial Institutions and Banks:
- Financial institutions, banks, or credit companies providing loan services, commercial credit, or consumer lending.
- Businesses managing multiple borrowing or lending contracts, requiring detailed tracking of cash flows, interest rates, and repayment schedules.
- Businesses with Internal Borrowing Activities:
- Corporations and parent companies managing internal loans between branches or subsidiaries.
- Businesses needing to manage finances for large-scale projects by borrowing from banks or external partners.
- Funding Organizations or Financial Support Groups:
- Funding organizations, non-profits, or social enterprises offering loans to partners or individuals, requiring detailed management of disbursement and repayment schedules.
- Individuals Involved in Borrowing or Lending:
- Private lenders or investors tracking interest, repayment schedules, and cash flows.
- Borrowers requiring tools to manage their repayment schedules for principal and interest efficiently.
Editions Supported
- Community Edition
- Enterprise Edition
This software and associated files (the "Software") may only be
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received a written agreement from the authors of the
Software (see the
COPYRIGHT file).
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resources), but
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Software. You may distribute
those modules under the license of your
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the Odoo Proprietary License (For
example:
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licenses similar to this one).
It is forbidden to publish, distribute, sublicense, or sell
copies of the
Software or modified copies of the Software.
The above copyright notice and this permission notice must be
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THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND,
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