Consumer loans
Personal loans for whatever your customers need, with a decision and payout without paperwork.
Loans
Every kind of loan, with the whole operation behind it.
Consumer, vehicle, education, revolving credit and buy now, pay later. Your customers request and pay in your app, on your website or over WhatsApp; your teams handle applications, guarantees, payouts, the loan book and collections in the back office. The product they see and the operation behind it run on one platform.
Five common kinds of loan, and any other you need
Vehicle loans
Financing for cars and motorbikes, with the vehicle registered as a guarantee.
Education loans
Tuition and study costs, with grace periods while the customer studies.
Revolving credit
A credit line customers draw on and repay, again and again.
Buy now, pay later
Instalments at checkout, online or in the app.
Beyond the usual loans: an engine that adapts to how your customers earn
Consumer, vehicle and education loans are only the start. Behind them sits a rules engine that shapes any loan around your customers' income: long grace periods, interest-only stretches, capital paid in irregular instalments, schedules that follow a season. It's set up with rules in the engine, not built with code.
Example
Agricultural loans, built around the harvest
For a client lending to farmers, each loan starts with a one-year grace period while the crop grows. After that, the farmer pays only interest each month, and pays down capital every six months, when the harvest comes in. All of it was set up with rules in the engine, without custom development.
Rules
Grace period: 12 monthsInterest: monthlyCapital: every 6 monthsFollows the harvestGrace period · crop growing
Interest CapitalCapital Month 1Month 12Month 18Month 24
The same rules can shape loans for seasonal businesses, loans repaid on payday, or a single capital payment at the end.
Tell us about your loanSet up each loan your way, without development
Your team sets up each loan in the back office; a second person approves; the loan goes live without buying implementation hours.
backoffice.yourbrand.com/products/consumer-loan
Consumer loan · settings
LiveGrace periodNone
Co-signerRequired above $10,000,000
Fees1% at payout
PayoutTo the customer's account
Rate
The interest rate and how it's calculated.
Amount and term
The minimum and maximum amount, and the terms you offer.
Payment schedule
Amortization tables set your way.
Grace periods
Months before the first payment, when the product needs them.
Fees
What you charge, and when.
Payout
How the money reaches the customer, or the merchant.
Guarantees and co-signers
What each loan requires.
Who qualifies
The approval rules and credit scoring the loan uses.
What your customer sees, and what your team sees
01 · YOUR CUSTOMER
Request
Picks the amount and term in your app, on your website or over WhatsApp.
YOUR TEAM
The application arrives with the customer's details and documents.
02 · YOUR CUSTOMER
Identity
Takes a photo of their ID and a selfie.
YOUR TEAM
Identity, list and fraud checks pass, and are recorded.
03 · YOUR CUSTOMER
Decision
Sees the answer.
YOUR TEAM
Approval rules and scoring support are applied; above a set amount, a second person approves.
04 · YOUR CUSTOMER
Signing
Signs the contract and the promissory note online.
YOUR TEAM
The signed documents and the promissory note are held in custody.
05 · YOUR CUSTOMER
Payout
The money arrives in their account.
YOUR TEAM
Treasury sends the payout and it's recorded in the books.
06 · YOUR CUSTOMER
Repayments
Gets reminders and pays in one tap.
YOUR TEAM
The loan book updates live, and collection lists are ranked by likelihood of payment.
Better credit decisions, smarter collections
Scoring support
Scorecards help your team decide, with the reasons shown. Your approval rules and people make the call.
Pre-approved offers
Offers based on how each customer behaves, shown in the app before they ask.
Smarter collections
Collection lists ranked by likelihood of payment, and early warning when the loan book starts to deteriorate.
AI suggests adjustments to approval rules and scorecards based on how the loan book behaves; your team decides. AI services are switched on per client and billed by use.
See AI for financial servicesBack every loan with a digital promissory note
Each loan can be backed by an electronic promissory note, issued and signed online and held in central custody, where it stays unique and traceable. It's an enforceable title with full evidentiary force, so it can also back new kinds of financing. Live in Colombia; in other countries, Cowally provides the technology and you secure local permissions.
See digital promissory notesAlready lending at scale
7
new loan products in about 4 months
A financial institution launched them beside a 30-year-old core, at roughly a tenth of the expected cost.
500K
loan requests at checkout
A retailer received them under its own brand, and opened 30,000 new accounts.
Questions about loans
Yes. Start with one and add the others later; each new one is a set of settings, not a project.
Once you're live, a new loan product is something your team sets up and approves in the back office, without buying implementation hours. A first launch can take as little as a month.
Yes. The approval rules and scoring are yours, set and changed in the back office.
It depends on your country and the loans you offer. Businesses without a license can work with a licensed partner bank from our network. For retailers & platforms
You, or your partner bank, depending on your model. Cowally provides the technology and doesn't take on credit risk.
Yes, for checks during the decision and for reporting.
Very likely. The engine shapes loans with rules: grace periods, interest-only stretches, irregular capital payments and seasonal schedules. For one client, we set up agricultural loans with a one-year grace period, monthly interest and capital paid every six months, at harvest, without custom development.
Show us the loans you want to offer
In one session we'll set up a loan like yours, show it from your customer's side and your team's side, and outline a plan and timeline.