Secured or Term Loan Software
Loan management software for Money lenders, Loan softwareiCrats' offer comprehensive core-banking loan management software for Money lenders to manage a broad range of loan products. It's a leading RBI complaint loan Management Software for Money lenders right from loan origination to closing with a built-in CKYC module, online payment and repayment options, and more.
Money lenders Software for Personal loan management, Money lenders Software for Business loan management, Money lenders Software for Start-up loan management, Money lenders Software for Working capital loan managementA personal loan or business loan or start-up loan or working capital loan or is offered by financial institutions to a self-employed or salaried person or for a small business without collaterals or security.
Money lenders Software for Mortgage loan management, Money lenders Home loan management, Money lenders Property loan for Money lenders managementA Mortgage Loan is provided for purchasing a property - home loan, land loan and more. It is a fully secured high-value loan which is issued keeping the property as a mortgage.
Money lenders Software for Vehicle loan management, Money lenders software for Vehicle loan managementAn auto loan is a loan provided for purchasing a new and used vehicle. This is a fully secured loan where the vehicle is considered as collateral.
Salient features of the loan management software for Money lenders are
- Electronically driven not document driven - paperless and calculator free processing
- Single platform for loan application processing, document submission, data collection, approval, disbursal, monitoring, collection, reporting to closure.
- Define and manage term loan schemes, interest revisions and processing fee
- Interest revisions for each type of loan that can be applied only to new loans or all existing loans. The interest calculation take cares all the interest revisions
- Provision for Equated Daily/Weekly/Monthly Installment (EDI, EWI, EMI)
- Loan application recommendation report
- Surety or guarantor can be customer, property, vehicle, income or a combination of these
- Rules-based auto calculation of interest rate, finance charges, eligible amount, late payment charges etc
- Installment collection - standing instruction to auto-debit EMIs, online direct payment
- Applicant and Co-applicant loan
- Schedule for EDI, EWI and EMI
- KYC Compliance
- Integrated financial accounting
- Recommended amount & installments calculation based on user definable parameters
- Interest amount calculation from the given date and reverse calculation of interest-applied date from the given amount
- User definable asset grading & NPA Report
- Transaction history on the ledger entry screen in tabular format
- Supports multi-part payments
- Rebate calculation
- EMI-installment re-fix upon interest rate revisions or varying
- Net liability of the loanee and sureties
- Notice generation
- Various types of arrear/ balance statements