Secured
A line drawn against collateral, with the collateral tracked on the account and released under your rules at closure.
Line of credit
Revolving credit, configured to the last day
Secured and unsecured, fixed-term or revolving, online or in-store — with monthly billing statements, authorisation limits, co-borrowers, configurable closure and default handling, and annual or membership fees.
Bothsecured and unsecured structures
Revolvingor non-revolving, fixed-term
Monthlybilling statements, configurable format
Structures
Two shapes of line, one loan type
Unsecured
Limit set by the underwriting matrix rather than by collateral, with authorisation limits enforced at draw.
Fixed-term
A line with a defined end date, closing automatically or manually at term.
Revolving / non-revolving
Revolving lines where repayment restores availability, or non-revolving lines where it does not.
Configuration
The parameters that decide how the line behaves
- Payment due cycle
- Due-cycle days configured per loan product, driving statement generation and delinquency timing.
- Statements
- Monthly billing statements with configurable format and configurable statement days.
- Authorisation limit
- Limit enforced at draw, adjustable under permission with a full audit trail.
- Co-borrowers
- Co-borrower support on the account, with both parties on the relationship record.
- Closure
- Automatic or manual closure rules, including behaviour at fixed term.
- Default handling
- Default triggered after a predefined number of non-payments, then charge-off under your policy.
- Fees
- Annual and membership fee assessment alongside the interest and fee structure.
- Channel
- Opened and drawn online or in-store, against one balance.
FAQ
Line-of-credit questions
Can a borrower draw online and repay in a store?
Yes. The line is on one core, so a draw taken through QFund Online and a payment made at a counter act on the same balance and the same statement cycle without an overnight batch in between.
How is delinquency handled on an open-ended loan?
From the statement cycle: the minimum due on each statement drives the delinquency clock, default triggers after the number of non-payments you configure, and the account then follows your charge-off policy. The account is workable in collections throughout.
Are annual and membership fees supported?
Yes, as configurable assessments on the account, posting to the ledger and the general ledger like any other fee.
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.