With Stacc Equipment loans solution you can build several products to support different customer needs for financing of cars, boats, caravans, motorcycles, office equipments or machinery.
A rich selection of loan types, repayment methods, interest types, fees, calculation methods and capitalization frequencies make it easy to create various lending products to suit different customer segments and purposes.
Product details can be handled at the account level, allowing you to respond to new market conditions or to attract new customers, without altering existing customers or working with advanced customer segmentation.
Equipment loans supported
Fixed price loans
Typical items are vehicles as cars, motorcycles, caravans, boats, office furniture and equipment as well as large machinery to different industries.
Equipment loans allows businesses flexibility by extending the payment terms of large purchases over time rather than paying all at once. Therefore, corporates are looking for vendors offering flexible equipment loans including smooth and friction-free credit processes.
Interests, fees and commission
Application process built in
Integration with content-based loan application
Scoring and KYC/AML built in
Integration with debt registers
Co-debtors, guarantors/collateral provider
3rd party plugins, e.g. insurance
Digital customer statements & archive
Administration of loan accounts and roles
Fully integrated ERP system