Debenture or Deposit Loan
Deposit/Debenture loan core banking software for NBFC
- Can define various types of loans and its attributes.
- Application processing.
- Recommended amount calculation (based on deposit amount balance and other liabilities of the debenture/deposit).
- Interest amount calculation from the given date and reverse calculation of interest-applied date from the given amount.
- Transaction history on the ledger entry screen.
- Net liability of the loanee.
- Lien statement.
- Auto-updation of lien details at the time of disbursement, receipt and closing.
- Various types of arrear/ balance statements.