Flexible lending
Manage Every Loan Type
Configure LendSimple for your exact lending needs. Each loan type comes with purpose-built tools and workflows.
Installment Loans
Fixed-term loans with scheduled repayment. Personal loans, auto loans, mortgages — any amortizing product.
- Automated amortization schedule generation
- Multiple day-count conventions (Actual/360, 30/360, Actual/365)
- Configurable payment allocation (principal, interest, fees, escrow)
- Support for fixed, variable, and hybrid rate structures
- Prepayment penalty and payoff quote calculations
- Late fee assessment with grace period rules
Lines of Credit
Revolving credit facilities with flexible draw and repayment. HELOCs, business credit lines, and more.
- Draw management with configurable credit limits
- Revolving balance tracking with minimum payment calculations
- Variable and promotional rate support
- Draw period and repayment period lifecycle management
- Interest-only and principal-plus-interest payment options
- Automatic credit line increase/decrease workflows
Leases
Equipment and asset leases with residual value tracking. Capital leases, operating leases, and lease-to-own.
- Residual value management and depreciation tracking
- End-of-term options (return, buyout, extend)
- Buyout quote calculations at any point in the term
- Monthly, quarterly, and custom payment frequencies
- Early termination fee calculations
- Asset tracking with collateral management integration