Our flexible product creation engine allows you to instantly create, configure and roll out brand new credit, deposit, and share products across any of your branches. You can respond to client demand in no time – once you make the change in KRED CBS, new products are available for any clients across any of your branches. You can also configure your product mix to ensure clients can only take out a responsible amount of loans at one time.
The KRED CBS API supports:
All these methodologies are included in the KRED CBS product bundle.
For group lending, we have full functionality to configure and manage groups including client, group, and center information & group and center hierarchy.
Savings is already emerging as one of the most proven services in the financial inclusion toolkit. KRED CBS supports your organization as it moves beyond basic passbook savings with support for fixed and recurring deposits, current accounts, standing instructions, account transfers so your client can benefit from a fluid mix of deposit and credit products to help them store up the funds to resist shocks and grow income needed to make larger purchases and investments.
KRED CBS supports calculation of interest balance on daily or average daily balance with the ability to specify the compounding period daily or monthly and the posting period monthly, quarterly or annually.
Support for flat or percentage-based fees that can be applied and collected on a specific due date, upon activation, upon withdrawal or overdraft, or as monthly or annual fees.
Support for a minimum opening balance as a locking period that can be defined in days, weeks, months, and years.