Loan Management System features include automated loan management, from application to settlement, with tools for creating loan products, processing disbursements, tracking repayments, and managing collections. Key features include automated DPD/NPA monitoring, moratorium application, and the ability to handle multi-party loans, interest splits, and co-lender accounting. It also offers a centralized borrower view for portfolio management and provides AI-driven insights and regulatory reports.
Loan lifecycle management
- Loan creation: Create various loan products with custom terms, interest rates, and repayment schedules.
- Disbursement: Process loan disbursements automatically.
- Repayments: Track and manage automated loan repayments, send reminders, and reconcile payments.
- Collections: Handle collections and make payments.
- Settlements and write-offs: Manage loan settlements, write-offs, and refunds following accounting best practices.
Monitoring and risk
- Automated monitoring: Track delinquency status with automated Days Past Due (DPD) and Non-Performing Asset (NPA) rules.
- AI-driven insights: Predict loan risks and make data-backed decisions to minimize defaults.
- Regulatory reports: Generate reports to meet regulatory requirements.
- Alerts: Get shortfall alerts and other notifications.
Advanced features
- Multi-party loans: Manage loans involving multiple parties.
- Interest splits: Configure interest splits for multi-party loans and automate co-lender accounting.
- Moratoriums: Apply moratoriums to temporarily suspend loan obligations.
- Centralized view: Maintain a 360-degree view of customers and their loan history.
- Integrations: Integrate with accounting and banking systems for seamless financial management
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