Term Loan Software for NBFC
Loan management software for NBFC
iCrats' offer comprehensive core-banking loan management software for NBFC to manage a broad range of loan products. It's a leading RBI complaint loan Management Software for NBFC right from loan origination to closing with a built-in CKYC module, online payment and repayment options, and more.
NBFC Software for Personal loan management, NBFC Software for Business loan management, NBFC Software for Start-up loan management, NBFC Software for Working capital loan management
A 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.
NBFC Software for Mortgage loan management, NBFC Home loan management, NBFC Property loan for NBFC management
A 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.
NBFC Software for Vehicle loan management, NBFC software for Vehicle loan management
An 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 NBFC 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