NBFC Software - Get at 40% Reduced Cost

Our solutions help non-banking financial companies achieve long-term benefits, including:

1. Cost-effective – saves operational costs.
2. Improved company-wide efficiency
3. Helps NBFCs make sound decisions for credit and loan approvals.

The main purpose of NBFC loan software management software is as follows:

• Integrated and complete lending solutions for each type of NBFC
• Helps in identifying and decreasing operational risks.
• Reducing manual workflow and data inputs to streamline the functions of NBFC.
• Improving the internal governance of the non-banking financial company.
• Saving time and cost to expand business operations and launch new products/services.

The various types of custom software include the following:

• Loan management services (LMS)
• Loan origination software (LOS)
• Collection tool/software
• Accounting management software
• Investment and deposit management
• Mobile app and banking solutions
• Customer relationship management (CRM)
• Real-time dashboards
• Report management for data analysis and easy reporting.
• Risk-management tools for fraud detection and data integration.

Yes, you can request a demo of our NBFC loan management software to understand if our tools and solutions meet your business needs or requirements. You can also take advantage of a 30-minute free consultation.

An ideal and best software for NBFC must support the following:

1. Automated loan cycle
2. Customer Relationship Management (CRM)
3. Features like custom-made reports for easy and smooth reporting and analysis.
4. Automated EMI, loan repayment, and collection management
5. The NBFC software must be flexible to adapt to new product lines and a high volume of loans.
6. It should be able to integrate with third-party apps/services, including Aadhaar/PAN validation, GST verification, and credit bureaus.
7. Must have a mobile application for remote accessibility and easy onboarding.
8. The system should be secured via security protocols, including encryption, multi-factor authentication, and firewalls.
9. An ideal NBFC software must be aligned with RBI regulations for AML-KYC and master directions for reporting.
10. Provides an overview of your cost structure.

Yes, we offer custom-based solutions for different types of non-banking financial companies, depending on their type, size, and core products/services. Some NBFCs include:

• Microfinance companies
• Asset finance
• Housing finance
• Loan companies

With the help of our customer relationship management (CRM) tool, you can easily interact with your clients, respond to customer queries, and enhance your products/services via tailor-made offerings.

Yes, our software facilitates the smooth migration and integration of your data from your previous or existing system into the new system.

Our software has online training modules and material that will enable you to train your employees to understand all the important components of the NBFC loan management software.

Yes, you can easily integrate your non-banking financial company’s management software with other systems, including payment gateways, accounting, and credit tools for smooth data flow and improved internal governance.

The key features of an NBFC software include:

• Loan management
• Agreement underwriting
• Amount collection management
• Interest (EMI) calculation
• Accurate credit scoring for loan approval.
• Documentation
• Data integration
• Accounting modules
• Reporting assistance

The key benefits of obtaining non-banking financial company software are as follows:

• Complete automation of the loan, starting from its origin to final disbursal and repayment.
• Data-driven tools that help NBFCs make credit-related decisions via real-time information.
• Each NBFC type gets to have a personalized tool, which aligns with their company's needs.
• It promotes 100% transparency throughout the lending process of the NBFC.
• Saves cost and time both via automated tasks, reducing the waste of time compared to manual work.
• The tool provides live tracking information about repayments and outstanding amounts.
• It is easier to calculate exact interest or late penalty fees, reducing human errors via manual computation.
• Helps non-banking financial companies in expanding their business operations.
• The NBFC loan management software assists the companies in improving customer experience.
• Protects client data via strong IT protocols for data security.
• The non-banking financial companies can easily comply with the RBI and other regulatory mandates.

A loan management system (LMS) is a tool that enables non-banking financial companies (NBFCs) to monitor and manage their lending and fintech operations. The system helps these companies in the following aspects:

1. Repayment monitoring (schedules, deadlines, and outstanding loan amount).
2. Tracking of non-performing assets (NPA) – the loans that have been unpaid for a period of time.
3. Automated alerts and notifications to clients and vendors.
4. Updating the terms of products and services.
5. Modifying the rates/charges of loan products.

Some common kinds of software used by NBFCs these days include the following:

• End-to-end solutions for simplifying workflow, enhancing flexibility, and increasing scalability.
• Cloud-based infrastructure
• Automated loan processing and underwriting.
• Data analytics in real-time
• Data integration with credit bureaus and PAN validation.
• User-friendly mobile applications.
• Data management via a unified database.