Loan products
Personal, business, gold, microfinance group, consumer, murabaha and ijarah, with amount and tenor ranges, weekly, fortnightly or monthly instalments, fees and penalties.
Products
Hayat ERPBY LEVEL 8 TECHNOLOGIES
Hayat ERP · Hayat Lending
A loan book, from application to the last instalment.
Hayat Lending runs your loan book inside Hayat ERP: the products you offer, borrowers and their KYC, each application from scoring to approval, disbursement, the instalment schedule, every repayment and the collections work on loans that fall behind. Each instalment becomes a normal Sales invoice when it falls due and each repayment a Sales receipt.
Maker-checkerExact schedulesPAR 1 / 30 / 60 / 90
Features
Lend, collect and watch the risk
Every step of a loan, with the money in your books as it happens.
Exact schedules
Flat, reducing balance or flat profit. Instalments are rounded and the last one takes the difference, so totals are always exact. Preview any amount before you save.
Schedule preview
Borrowers & KYC
Individuals and businesses with national ID, income and KYC documents. A loan can be submitted only for a verified borrower.
KYC
Group lending
Borrower groups with a center, meeting day, officer and members. The group page shows each member's loans and arrears for the weekly meeting.
Microfinance
Credit score
A score out of 100 with a grade, the debt-burden ratio and the reasons. It is a suggestion to help the approver, not a decision.
Grade A to D
Maker-checker approval
Whoever made an application cannot approve it. Approval limits by role and approval workflows apply on top.
Approval
Repayments & penalties
Payments go to the oldest instalment first, in your allocation order. Penalties build up daily after the grace days, up to a cap, and count as income only when paid.
Repayments
Settle, reschedule, write off
Early settlement quotes with a rebate, rescheduling with arrears capitalised, and write-off with later recoveries booked as such.
Loan changes
Collections & PAR
An officer's due list with visits, calls and promises to pay, SMS and WhatsApp reminders, and PAR 1 / 30 / 60 / 90 with ageing buckets.
Recovery
Islamic financing & privacy
For conventional and Islamic finance
Islamic financing: murabaha and ijarah products use profit instead of interest. The schedule says Profit, the income goes to Profit on Islamic Financing, and late-payment penalties go to a charity payable account instead of income.
Collateral and privacy: collateral can be gold with its weight and karat, a vehicle, property and more, checked against a maximum loan-to-value. Borrowers' national ID, phone and income, and guarantors' details, are stored encrypted.
Hayat AI, when switched on, adds a short written credit note from the same figures as the score. Only amounts, ratios and counts are sent, with no names, national IDs or phone numbers, and it never approves or rejects anything.
Step-by-step guides are at help.hayaterp.com.
FAQ
Common questions
What is Hayat Lending?
Hayat Lending is the loans and microfinance module of Hayat ERP. It covers loan products, borrowers with KYC, groups, applications with a credit score and maker-checker approval, disbursement, schedules, repayments, penalties, early settlement, rescheduling, write-off, collections and PAR.
Does Hayat Lending support Islamic financing?
Yes. Murabaha and ijarah products use profit instead of interest, and late-payment penalties can go to a charity payable account instead of income.
Can it handle microfinance group loans?
Yes. Borrower groups have a center, meeting day, officer and members. Products can require the borrower to be in a group, and the group page shows the members in arrears.
How is portfolio at risk worked out?
PAR is the outstanding principal of loans behind, as a share of the outstanding principal of all active loans. Hayat shows PAR 1, 30, 60 and 90 with ageing buckets, per product and per officer.
Can borrowers pay online?
Yes, once online payments are set up. Each loan has a borrower's page on my.hayaterp.com with the schedule and a Pay now button, and staff can send pay links valid for 72 hours by SMS or WhatsApp.
Does it post to the accounts?
Yes. Disbursement posts to Loans Receivable, each instalment becomes a Sales invoice when due and each repayment a Sales receipt, so borrower balances and income are in your books as they happen.
Explore
Explore Hayat ERP
Book a call
See Hayat Lending for your loan book.
We'll show you the screens your business needs and send a quote within one business day.
Ali AbdullahChief Executive Officer
- sales@level8technologies.com
- Phone
- +92 303 506 1264
- +92 303 506 1264
- level-8-technologies
- Office
- Karachi, Pakistan