Loan products you set up without developers

Set amounts, terms, pricing, schedules, extensions, penalties, documents and channels for each product. Launch a new product or a variant in an afternoon.

Build a product
lendhero Configurable products software interface
1 afternoon
to launch a product variant
Every
parameter in one form
A/B
test pricing on part of the traffic
0
developers needed

Capabilities

Every product parameter in one form

Limits and terms

Minimum and maximum amounts and terms by segment. Different caps for new and repeat borrowers, by channel and region.

Pricing

Interest, fees, tiered rates and promotions. Rates can depend on score, level or campaign, with a cost-of-credit check built in.

Schedules

Annuity, linear, bullet, seasonal or custom. Pick the type per product; the calculation engine builds and recalculates it.

Extensions and penalties

Rollovers, grace periods and late fees. Set how many rollovers are allowed and what each one costs.

Documents per product

Each product has its own templates. Contract, schedule and disclosures are attached to the product, not typed per loan.

Channels and segments

Which product each channel and segment sees. Show a product only in the app, only to repeat borrowers or only in one region.

How it works

From idea to a live product in a day

  1. 01CopyStart from a ready template.
  2. 02SetAmounts, pricing and schedule.
  3. 03AttachDocuments and messages.
  4. 04TestRun it on test applications.
  5. 05PublishSwitch on for chosen channels.

Testing

Test new pricing on real traffic

Run a variant on a share of applications and compare approval, take-up and risk before you switch everyone.

  • Split traffic10%, 20% or any share.
  • Compare resultsApproval, take-up, PAR.
  • Safe rolloutSwitch everyone to the winner, or roll back in one click.
Test new pricing on real traffic: lendhero interface

Works together with

Related modules

Custom workflowsEach product gets its own route.
DocumentsTemplates linked to each product.
Credit decisioningLimits per product and risk grade.

Questions

Frequently asked

Didn’t find the answer? Write to us and we’ll reply within one business day.

How fast can we launch a new product?+

A variant of an existing product takes an afternoon; a new product type a few days.

Which schedule types are supported?+

Equal payments, equal principal, bullet, interest-only, weekly, seasonal and custom schedules.

Can we test pricing?+

Yes. Try different rates and fees on a share of applications and compare the results.

Can products differ by channel?+

Yes. The same product can have different terms online, in branches and with each partner.

Do old loans keep their terms?+

Yes. A product change applies to new loans; existing loans keep the terms they were signed on.

Book a demo

See on your own products

We’ll walk you through the platform, show what matters for your products and answer questions about your business.

  • A 30-minute call
  • A walkthrough on your products and markets
  • Answers on timeline, integrations and pricing

Tell us about your lending

We reply within one business day.

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