Student Loan Management Software

Empower students to ace career goals with seamless, quick, and paperless loan approvals and servicing.

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 Student Loan Management Software - Student Loan Management Software

Student Loan Management Software

Streamline student loan management processes by managing the entire loan lifecycle, right from lead processing, assessment, and servicing to collections management. Allow students to initiate the process anytime-anywhere via digital channels — mobile applications and a customer self-service web portal. Leverage the rule-based, in-built risk assessment engine powered by artificial intelligence (AI), to streamline the process. Furthermore, streamline various disbursal and post-disbursal activities, including loan settlement, rescheduling, and closure services using the general ledger.

Student Loan Management Software

Student Onboarding

  • Omnichannel student onboarding via customer self-service portal and mobile application
  • Loan disbursal within minutes
  • Seamless scanning and capturing of students’ profiles and auto-classification of the information from the documents like identity proofs, degrees, certificates, etc.
  • Geotagging the student’s location on mobile and enabling smooth KYC, including video KYC with data masking
  • Validating credentials and calculating the exposure of pre-approved educational institutions

Loan Underwriting and Tracking

  • Data engine-based credit analysis and predictions
  • Seamless integration with the credit bureau and core banking systems to perform background checks, feeding the student’s data, and fetching generated loan details
  • Faster, AI-enabled underwriting with straight-through processing for pre-approved student loan applications

Payment Services and Closure

  • Out-of-the-box services for payments, re-pricing, deferral, part payment, due date change, etc.
  • Schedule-based loan disbursal to the educational institution’s account using single, multiple, and split payment options
  • Multiple payment functionalities, such as disbursals, refunds, customer receipt collection, manual advice creation, waive off, knock off, and post-date cheque maintenance
  • Flexible loan closure options
Student Loan Management Software

Account Maintenance and Reporting

  • Automated accounting and financial reporting
  • Comprehensive reporting module for generating accounting and transactional reports
  • Detailed reports for demonstrating key educational milestones and achievements throughout students’ learning journey

Collections Management

  • Personalized interactions with a real-time interface, multi-channel notifications, and a 360-degree view of previous interactions with a student-borrower
  • Automated case bucketing and routing for tracking NPAs and enhanced visibility through collection monitoring reports
  • Seamless collection entry by capturing payment mode and amount from CMS, mobile application compatibility, and processing waivers
  • Streamlined loan restructuring with collection strategy definition
  • Automated incentive pay-out computation

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