Lending
Every loan keeps the terms it was signed on.
A rate change reaches new lending and nothing already sold. Fused versions each loan product, freezes the quote at submission, reprices at approval, and stores the schedule on the day the money leaves.
| No. | Due | Principal | Interest | Instalment | State |
|---|---|---|---|---|---|
| 1 | 1 Nov 2026 | 7,455.96 | 2,000.00 | 9,455.96 | Paid |
| 2 | 1 Dec 2026 | 7,605.08 | 1,850.88 | 9,455.96 | Paid |
| 3 | 1 Jan 2027 | 7,757.18 | 1,698.78 | 9,455.96 | Due |
| 4 | 1 Feb 2027 | 7,912.32 | 1,543.64 | 9,455.96 | Future |
What it does
Products versioned, never overwritten
A draft is edited; a release is immutable and takes effect on a date. Every application and loan pins the version it was made under, so a rate change never reprices a signed loan.
Rate charts by loan cycle
Rates are banded by principal, term and loan cycle, so a repeat borrower can get a better rate than a first-time one. The cycle is counted from the borrower's own loans in that product category.
A frozen quote, your own scorecard
The application carries a live quote, and submission pins the product version, the pricing date and the fee prices in force that day. The institution writes its own credit scorecard, whose grade advises and never refuses.
Approval that can only reduce
An approver may grant less than was asked and never more, and the approval date becomes the pricing date. Approval and disbursement each check the collateral cover the product requires.
Repayments in your own order
A twelve-slot allocation order, arranged per product, decides which penalty, fee, interest or principal a payment settles first. A surplus is held as a liability and never quietly becomes principal.
Workout without edits
Reschedule, waiver, write-off, recovery and refund are each a recorded act. A waiver forgives interest and charges, never principal; a recovery after write-off is booked as income; closing a loan is an act somebody performs.
Price a loan with the product’s own engine
The same schedule engine Fused uses, running in your browser. Open the full calculator
- Total interest, flat
- LKR 24,000.00
- Total interest, declining balance
- LKR 13,471.53
- Flat costs the borrower more by
- LKR 10,528.47
What it refuses
A control is only a control if the system enforces it.
- Fused refuses an approval larger than the amount asked for.
- Fused refuses a disbursement through a payment channel that has no ledger account.
- Fused refuses a pledge beyond the collateral's free value.
- Fused refuses a principal, term and cycle that no band of the rate chart covers.
- Fused refuses a schedule in which an instalment cannot cover its own interest.
The rules underneath
The detail your finance and IT teams will ask about.
- Schedules
- Flat or declining balance; equal instalments or equal principal; weekly, fortnightly or monthly; grace periods. A monthly due date keeps its day of the month.
- Day counts
- Actual/365, Actual/360, 30E/360 and 30/360 (US), chosen per product.
- Rounding
- An instalment rounding rule per product, with the difference on the first or last instalment. A schedule repays exactly the principal disbursed.
- Allocation order
- Twelve slots, arranged per product, swept horizontally or vertically.
- Collateral
- Six seeded types: property, vehicle, fixed deposit, gold, machinery and guarantee. Lending value is market value at the type's haircut, less prior charges, on a dated valuation.
- Idempotency
- Disbursements and repayments carry an idempotency key held by a unique constraint in the same transaction, so a retried request cannot pay out twice.
Works with
- Arrears and provisioningA nightly run that penalises, accrues and places every loan on your own delinquency ladder.
- Clients and KYCNIC-aware client records, groups and centres, KYC documents with verification, custom fields and CSV import.
- AccountingA general ledger in which every entry balances or is refused, and no posted entry can be edited.
Lending: questions
Does a rate change affect loans already disbursed?
No. A loan pins the product version it was made under, and a new release takes effect on its date for new lending only.
Can we price repeat borrowers differently?
Yes. Rate charts are banded by principal, term and loan cycle, and the cycle is counted from the borrower's own loans in the product's category.
Can it handle leasing, hire purchase and pawning?
Leasing, hire purchase, pawning and factoring each book as their own loan category, with their own ledger accounts and their own cycle count. Gold and vehicles are collateral types with valuations and haircuts.
What happens when a borrower scores badly on the scorecard?
The grade is shown to the approver beside the application. It advises, and the decision stays with a person.
See it on your own products and numbers.
A walkthrough with the team that builds Fused: your loan products, your branches, your month-end.