Loan Management System

Drive efficiency and optimize your loan management process with Newgen’s Loan Management System (LMS), built on a low code digital transformation platform. The software helps automate the entire loan lifecycle, ensuring zero manual intervention. Effortlessly process all transactional activities, including payment, rescheduling and closure, track all NPA accounts, auto-calculate fees and charges to ensure no income leakage. Empower your users with accurate statements/reports on time and ensure your customers have all information at their fingertips from the customer portal at any point in their journey.

Features of Loan Management System

Omnichannel Experience

Intuitive customer self-service portal and mobile app to track all activities. Ensure a unified view of loan details and seamless initiation of various loan service requests like disbursal, payment holidays, etc. Effortlessly capture, manage, and track loan disbursal, payments, and receipts. Easily reschedule, restructure, and define loan closures.

Payment and Repayment Management

Easily manage and track customer loan repayment through multiple modes, like DDS (direct debit system). Get quick e-mandate, auto-debit/SI, PDC, SPDC, over-the-counter receipt, and more. Offer what-if analysis for all kinds of rescheduling services to help users fulfill any service request raised by customers.

Reporting and Analytics

More than 150 out-of-the-box reports to enable detailed analysis of portfolio and loan account. End-of–the-day report generation facility for dues, late payment penalty, NPA marking, and delinquent customer notification.

Easy Product Set-up

Set up products, schemes, and its related charges/fees. Define asset classification, payment appropriation, interest rate, and rescheduling parameters with a few clicks. Ease of setting up complete charts of accounts and accounting templates through the front–end interface.

Accruals and Interest Calculation

Support for multiple types of accruals like 30/360, actual/365, etc. Readily available 100+ repayment schedule and its variance-equated installment, equated principal, step-up, step-down, bullet balloon, etc., with flavors of specifying moratorium, installment mode (ad/vance/arrears), schedule time (EMI/rate-based), etc.