Concurrent loans

on a single account

Credit line Autosave Account tiers Interest Multi currency transactions Monthly Repayments

● One or more loans on a

single account

● Each loan can have its own:

○ Principal

○ Term

○ Interest rate

○ Repayment

schedule

● Repaid in fixed monthly

repayments

● Single credit limit

calculated externally to

Vault

● Available credit limit

reduces when loans are

taken out against it

● Credit limit updated as and

when required

● Unlimited number of loans

that can be offered if within

the credit limit

● Loans paid off in order from

oldest to newest

● Configurable repayment

period: number of days the

customer has to make

monthly repayment or incur

penalties

● Configurable grace period

begins after repayment

period ends

● If grace period is surpassed

without repayment, the

account is marked as

delinquent