iBanking, Short term loan / Emergency loan

Short term loan software for Nidhi Company, NBFC, Urban Co-operative bank, Service Co-operative bank, Society, Microfinance, Private banks, Money lenders

  • Can define various types of loans and its attributes.
  • Interest revisions for each type of loan that can be applied only to new loans or all existing loans.
  • Application processing.
  • Eligible amount calculation (based on shares held, salary, liability & arrears)
  • User definable asset grading & NPA report.
  • Interest amount calculation from the given date and reverse calculation of interest-applied date from the given received amount. The interest calculation take cares all the interest revisions.
  • Transaction history will be shown in tabular format on ledger entry screen.
  • Net liability/arrears of the loanee and the liability report is available in the ledger as well as application.
  • Notice generation.
  • Various types of arrear/ balance statements.