Payday, installment, line of credit, title/auto equity and the Texas CSO model — plus check cashing — all on the same platform, the same ledger and the same rule engine — and not one loan product per loan type, but as many as your brands, channels and states call for. Adding a loan product is configuration, not procurement.
Multiple payment schedules on either simple-interest or fixed-interest maths, with auto-computed instalments, alternate first-payment dates, early payoff with rebate and refinance.
Secured and unsecured, fixed-term or revolving, online or in-store — with monthly billing statements, authorisation limits, co-borrowers and configurable closure rules.
The complete single-pay life cycle: disbursement by cash, cheque, card or ACH, partial payments with rebate and pro-rate, cheque deposit, NSF, write-off and post-judgment payments.
Vehicle condition capture driving the qualified amount, Title-Track qualification limits, title transfer, and separate customer, loan, title and collection status codes.
Operate as a credit services organisation for a third-party lender, running normal and CSO loans side by side under state-controlled business rules.
Any check, any mode, with multi-disbursal options and a highly configurable fee structure — on a pay-as-you-go model with zero fixed cost.
A loan type is not a loan product. Within installment lending alone you can run several distinct loan products at once, each with its own characteristics and fee configuration, and each made available exactly where you want it.
| Three installment loan products, one core | Configured characteristics | Made available to |
|---|---|---|
| Standard 6-month | Simple interest, bi-weekly instalments, origination fee band A, no collateral | Storefront, two states, main brand |
| Online Flex | Fixed interest, monthly instalments, no origination fee, different late-fee grace period | Online only, every licensed state, second brand |
An illustration of how the loan-product engine is used — not a specific client configuration.
Terms, rate, fees, collateral, underwriting, documents.
State rules and competitor pricing move in weeks; the platform should never be why a launch slips. Where something needs building rather than configuring, your dedicated QFund team delivers it in your priority order.
| Structure | Typical term | Repayment | Collateral | |
|---|---|---|---|---|
| Installment | Multi-instalment, simple or fixed interest | Months | Scheduled instalments | Optional, multiple types |
| Line of credit | Revolving or non-revolving limit | Open-ended | Monthly statement, minimum due | Secured or unsecured |
| Payday / deferred | Single repayment | Days to weeks | One payment, or partial with rebate | Borrower cheque / ACH authority |
| Title / auto equity | Instalment against vehicle equity | Months | Scheduled instalments | Vehicle title |
| Check cashing | Fee-based transaction, not a loan | Immediate | Not applicable | The instrument itself |
| CSO / CAB | Third-party lender loan, you act as CSO | Varies by programme | Per lender programme | Per lender programme |
Yes, and most clients do. A borrower can hold an installment loan and a line of credit simultaneously, and the branch works both from the same screens. Because it is one core, the borrower has one record and one relationship history rather than one per loan type.
Configuration: loan product parameters, fee and rate structure, document set, and the state rule sets it will be offered under. There is no second system to buy, no second database to reconcile and no separate month-end close.
No practical limit. Installment, payday, line of credit and title are loan types; inside each you configure as many loan products as you need, each with its own terms, rates, fees, documents and availability.
Yes. Every loan product carries its own availability: the brands it belongs to, the channels it appears on, the states it may be offered in and, where you want that level of control, the specific retail stores that can write it. That is what makes a ten-store pilot of a new fee structure possible without a separate installation.
They share the underwriting engine but not the rules. The underwriting matrix is configured per loan product, per state and per channel, so an online line of credit in one state can require different verification from an in-store payday loan in another.