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Loan Management System

Loan Products​

Product Parameters​

loan_parameters:
  amount:
    range: 100,000 - 500,000 SAR
    increment: 10,000 SAR
  
  tenure:
    range: 6 to 36 months
    increment: 1 month
  
  profit_rate:
    base: 13%
    risk_premium: 0-7%
  
  structure: Shariah-compliant

Fee Structure​

fees:
  administrative:
    type: One-time
    calculation: Based on loan amount
    payment: At disbursement
    
  profit_rate:
    type: Monthly
    calculation: Risk-based
    payment: Monthly installments

Loan Processing Flow​

1. Customer Registration​

2. Business Verification​

eligibility_criteria:
  business:
    age: Minimum 1 year
    registration: Valid CR
    ownership: Saudi citizen
    revenue: Minimum 1,000,000 SAR annually
  
  documentation:
    - Commercial Registration
    - Tax Registration
    - National ID
    - Business license

3. Application Process​

data_collection:
  business_info:
    - Saudi National Address
    - VAT registration
    - Annual revenue
    - Financial statements
    - Bank statements
    - IBAN verification
  
  validation:
    - Document authenticity
    - Information accuracy
    - Business legitimacy

4. Credit Assessment​

5. Loan Offer​

offer_generation:
  components:
    - Risk-based pricing
    - Payment schedule
    - Terms and conditions
    - Offer validity period
  
  calculations:
    - Monthly installment
    - Total profit
    - Administrative fees
    - Total repayment

6. Documentation​

documentation_process:
  contracts:
    generation: Digital via Contract.sa
    signing: E-signature
    storage: Secure document management
  
  requirements:
    - Loan agreement
    - Promissory note via NAFITH
    - Payment schedule
    - Terms acceptance

7. Disbursement​

Account Management​

GL Account Structure​

accounts:
  disbursement:
    number: 11400
    purpose: Fund management
    operations: Transfer handling
  
  operational:
    number: 31200a
    purpose: Customer disbursements
    balance: Zero EOD
  
  collections:
    number: 31200b
    purpose: Repayment handling
    tracking: Customer-level

Collection Process​

Payment Management​

payment_handling:
  regular:
    - Monthly installment collection
    - Payment reconciliation
    - Receipt generation
    - Account updates
  
  special:
    - Early settlement
    - Payment difficulties
    - Restructuring
    - Default management

Early Settlement​

settlement_process:
  calculation:
    - Outstanding principal
    - Accrued profit
    - Settlement discount
  
  processing:
    - Settlement request
    - Amount calculation
    - Payment processing
    - Account closure

Reporting & Monitoring​

Customer Reports​

customer_reporting:
  statements:
    - Loan status
    - Payment history
    - Outstanding balance
    - Next payment
  
  notifications:
    - Payment reminders
    - Status updates
    - Important notices

Regulatory Reporting​

regulatory_reports:
  sama:
    - Portfolio status
    - Risk metrics
    - Compliance status
  
  others:
    - Credit bureau updates
    - AML reporting
    - VAT reporting

System Integration Points​

Core Banking​

banking_integration:
  functions:
    - Account management
    - Payment processing
    - Statement retrieval
    - Reconciliation
  
  interfaces:
    - Real-time APIs
    - Batch processing
    - File transfers

External Services​

external_services:
  identity:
    - Nafath: Authentication
    - Yakeen: ID verification
    - Wathiq: Business verification
  
  credit:
    - SIMAH: Credit check
    - Mozn: AML screening
  
  documentation:
    - Contract.sa: Digital contracts
    - NAFITH: Promissory notes

Security & Controls​

Access Control​

access_management:
  roles:
    - Credit Officer
    - Risk Manager
    - Operations
    - Admin
  
  controls:
    - Role-based access
    - Transaction limits
    - Approval workflows
    - Activity logging

Compliance​

compliance_framework:
  regulatory:
    - SAMA guidelines
    - AML regulations
    - Data protection
  
  internal:
    - Risk policies
    - Operating procedures
    - Security standards