Installment lending with maths that hold up
Two genuine interest methods, auto-computed instalments, alternate first-payment dates, early payoff with rebate to the day and native refinance — across secured and unsecured structures.
Simple-interest and fixed-interest, both native
Simple-interest based
Interest accrues on the days between the last payment and the processing date. A borrower who pays early pays less; a borrower who pays late accrues more. The balance responds to actual behaviour rather than to the schedule the loan was booked with.
Fixed-interest based
Interest is calculated on the days between instalment due dates, giving a predictable schedule where each instalment carries a known interest component regardless of when the payment lands.
Why having both matters
Many platforms implement one method and approximate the other with adjustments. That approximation is where payoff quotes stop matching statements and where audit findings come from. QFund treats both as first-class calculations.
What you configure per loan product
- APR computation
- Derived from loan amount, interest rate, duration, payment frequency, number of instalments, end-of-month handling and next-payment date.
- Payment schedules
- Multiple schedule types with auto-computed instalments; weekly, bi-weekly, semi-monthly and monthly frequencies.
- First payment
- Alternate first-payment date support for borrowers whose pay cycle does not align with the booking date.
- Collateral
- Multiple collateral types on secured structures, or fully unsecured.
- Early payoff
- Payoff quote with rebate computed to the day of settlement.
- Refinance
- Native refinance: the prior loan is closed and reconciled as the new one is booked.
- Transactions
- Advance, instalment payment, early payoff, deposit and cleared deposited cheque.
Bank-model installment lending
The same installment engine, running loans originated under a partner bank’s charter — a separate brand on the same installation, not a separate system.
Lenders running a bank-model programme alongside their own book configure it as another brand on the same core: its own loan products, rates, fee structure and approval rules, sitting beside the ones you write yourself.
- The bank’s credit policy, eligibility and limits — configured to programme rules rather than a state statute book
- Agreements, disclosures and communications in the bank’s name, from their own document set
- Programme-level reporting and reconciliation, the bank’s book separated from yours
- One agent desktop for servicing, payments and collections, whichever brand the borrower came in under
What the bank will ask for
SOC 2 Type 2 controls, full attribution and timestamping of every transaction, automated general-ledger posting and a 99.99% availability SLA — the diligence a partner bank runs before it lends its charter. QFund provides the platform and the configuration; the bank relationship, the credit policy and its regulatory treatment remain between the lender and the bank. Security & compliance detail →
Installment questions
Can a borrower refinance mid-term?
Yes. Refinance is a native servicing transaction, not a manual close-and-rebook. The prior loan is settled and reconciled as the new loan is created, with the audit trail linking the two.
How is an early payoff quoted?
With rebate computed to the day of settlement under the loan product’s interest method, so the quote the agent reads matches the ledger and the statement.
Does the schedule handle irregular pay cycles?
Yes — alternate first-payment dates and configurable frequency exist precisely for borrowers whose pay dates do not line up with the booking date, which in this industry is most of them.
See it configured for your states
Bring your rate and fee structure for the states you operate in. We will set it up and originate a live loan against it.