For many borrowers, managing multiple loans feels like juggling—different due dates, multiple payment amounts, and too many chances to miss something. For lenders, it means higher servicing costs and added complexity.
Consolidated Loan Payments change that.
A consolidated loan payment allows borrowers with multiple loans to make one payment, which the system then distributes across principal, interest, and fees on each loan. Behind the scenes, billing groups and consolidated invoices handle the grouping, while payment spread rules ensure funds are applied in the right order.
Instead of three payments and three receipts, it all happens in one streamlined process.
Billing Grouping – Loans tied to the same borrower are grouped together.
Consolidated Invoice – A single bill is generated covering all loans.
One Payment – Borrowers make one payment—manual, ACH, or automated.
Automatic Allocation – Funds are spread across loans in the configured order (fees → interest → principal).
Clear Visibility – Payment records show exactly how the funds were applied across accounts.
A small business has three active loans: an equipment loan, a working capital line, and a vehicle loan. Instead of paying three separate bills, they receive one consolidated invoice for $5,000. When they pay it, the system automatically applies $2,000 to the equipment loan, $2,500 to the line of credit, and $500 to the vehicle loan—updating all accounts instantly.
Borrowers: Easier to manage finances, fewer due dates, reduced risk of missed payments.
Lenders: Simplified servicing and reduced administrative effort.
Operations: Consolidated billing and payment records support accuracy and efficiency.
Consolidated payments aren’t just about convenience. They’re part of a broader shift toward Digital Lending 2.0—a connected, cloud-based ecosystem where automation removes friction for both lenders and borrowers.
✅ With Symphonix Loan Servicing, you can enable consolidated billing and payments through configuration—reducing complexity, improving efficiency, and making the payment experience easier for your borrowers.