Account Type Modules

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The Fixed Term Loan Accounts Module provides core functionality to operate both Consumer and Commercial Loan Accounts.

A wide range of options for Interest and Fees are included as are options for Term, structured Payments and Overdue processing. Interest is calculated on the outstanding daily balance and charged according to a defined frequency.

This module is ideal for Loans offered under the CCCFA (Credit Contracts and Consumer Finance Act) in New Zealand and NCCPA (National Consumer Credit Protection Act) in Australia, such as Small Amount Credit Contracts (SACC’s) and Medium Amount Credit Contracts (MACC’s) and is constantly being updated to reflect the changing nature of consumer protection legislation.

It can cater for both “Interest Only” and “Principle and Interest” Payments, Balloon Payments, Payments in Advance and Residual Values.



The Fixed Term Floating Rate Accounts Module provides core functionality to operate Loan Accounts with a Floating or Variable Interest Rate.

It has all the features and flexibility of the Fixed Term Loan Accounts module, but also includes the ability to change the Interest Rate during the term of the Loan. Interest Rate changes can trigger changes in repayment amounts or a variation in the Term, provide a grace period for the interest rate changes to take affect and publish Interest Rate Change notifications.

Where you need the flexibility of a Floating Interest Rate the Fixed Term Floating Rate Account Module is a must.



Revolving Credit Loan facilities are becoming an important financing tool for the modern finance company as they embrace the “Customer for life” philosophy. Once a client has your store card, your line of credit or even your credit card, they are more likely to stay a customer – compared to a traditional term loan where the client may seek finance from other sources once the loan has been repaid.

The Revolving Credit Loan Accounts Module provides functionality that facilitates a flexible line of credit for clients that can have multiple drawdown’s, a variety of repayment options and flexible interest calculation methods.

It incorporates a great deal of flexibility such as:

  • Flexible minimum payment calculations, including the higher of a fixed value or the percentage of balance
  • Variable start up interest rates
  • Flexible Interest frequencies
  • Flexible Statement cycles
  • Up to three Credit Limits
  • Default Interest charged on overdue payments
  • Flexible fee structures



The finPOWER Connect Deposit Accounts Module provides functionality to operate both On Call and Term Deposits/ Investments.

The Deposit Accounts module tracks all aspects of a Deposit, including calculating and charging interest, deducting Withholding Tax and meeting various statutory requirements with taxation authorities.

Interest may be charged at various intervals, either at a fixed rate, or when using Rate Tables a floating rate (plus or minus a premium).

Maturity instructions are recorded for each Deposit and automatically actioned on the maturity date. Options include Payout All, Reinvest All, Reinvest Principal or Reinvest a set amount and can include Transferring to another Account