Term extensions inside the kennek platform

A borrower asks for six more months. Sounds simple.

Then reality hits: recalculate the interest rate, figure out if it's rolled or serviced, work out the extension fees, update the schedule by hand in Excel... and pray nothing slips through the cracks.

Sound familiar?

Loan extensions shouldn't be a fire drill.

In kennek, they're one flow:

• New term length
• Revised interest rate
• Change interest collection type
• Add extension fees - upfront, capitalised, or due at redemption
• Extension terms, ready to send to the borrower instantly

Hit submit, and kennek shows you the full impact on the schedule - before anything goes live.

Happy with it? Apply it. The loan record updates in place. That's it.

• No re-keying.
• No rogue spreadsheets.
• No reconciling two versions of the truth at 6pm on a Friday.

This is what "one ledger" actually means.

Want to see it in action? Let's talk.

Originally posted on kennek's LinkedIn.