Loan
Loan Products
Handle multiple loan products with different Rate Type & Structure of Interest Calculations
Loan Features
Loan Restructure
Rubikon offers changing the term of loans, make any additional advance or changing interest rate to make it easier and convenient for them to pay back through restructure functionality.
Loan Financing
A moratorium period is the time during a loan term when the borrower is not required to make any repayment. So basically it is a length of time during which you enjoy a holiday. Also we can customize how interest to be paid during moratorium period in Rubikon.
Loan Refinancing
We have the provision to refinance a loan through which a borrower can close the running loan/loans through the disbursement proceeds of the new loan which would be created as extra loan. This loan is offered to customers who have an existing relationship with the lender, have a good credit score and have repayment ability.
Loan Top-up
This is an extension of loan refinancing which is a financing option that is offered over and above the existing loan amount for products such as home loan and personal loan. The major benefit of the top-up loan is that it can be availed at low-interest rates as compared to a personal or gold loan.
Line of Credit
A line of credit is a flexible loan which is a defined amount of money that you can access as needed and then repay immediately or over a prespecified period of time. The borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line of credit.
Repayment Holiday / Skips
An unique feature which allows the borrower to skip payments. The payment you skip is added later in your loan payment schedule. Skipping a payment doesn’t mean skipping out on interest! Interest still accrues on your account as usual during the skipped payment period and throughout the newly extended life of the loan.
Balloon Payment Loan
A unique feature which allows the borrower to negotiate his / her own payment amount (principal + interest or Principal amount) on each instalment to their convenience. Therefore the borrower will end up paying huge amount at the end of the repayment term in a single payment, thus making it as a Balloon payment.
