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BFSI

An ideal Core Module for NBFC/Microfinance companies –Complete End-to-End Loan Management System

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Comprehensive, Feature-rich Core Loan Management System

We stand by our guarantee of one platform for all apps! NBFCs/Micro Finance Institutions that do not have a core banking systems need not look beyond! iPROOF based LMS enables Financial Institutions to manage the complete lifecycle of loan processing with a wide-array of features tuned to optimize each and every stage of the loan management

The following are the broad capabilities of the Loan Management Module

Repayment

The repayment module has a range of features like Over the counter payment, Standing Instructions, Post dated cheques, Cheque / Cash / Direct debit, Automatic apportionment, Partial prepayment, Advance adjustment and so on

Rescheduling

The rescheduling module has a wide arrange of capabilities to manage existing loans like Changes in EMI or loan period, Enhancing or reducing the Loan period, Installment deferral, Auto reschedule for changes in interest and so on

Other Capabilities

The LMS module has various other full fledge feature set for Loan Status Change, Penalty management, flexible interest accruals, Provisioning, Age analysis, Flexi loan query, Customer correspondence, Payment advices

Loan Restructuring

The Loan Management system has a flexible and powerful features to handle loan restructuring transactions like Top-up of loans, Rollover of loans, Loan mergers, Component rollover and so on

Closure

The closure module has capabilities for Early settlement, Maturity closure and so on

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