Automated Loan Tracking Solution for Smarter SHG Lending
Automatically track loan applications, disbursements, repayments, and interest calculations with precision, ensuring accuracy and transparency for your SHG members.
Overview
Managing loans manually can be time-consuming and prone to errors, leading to inefficiencies and financial discrepancies. Automated loan tracking simplifies the process by ensuring accurate record-keeping, timely repayments, and transparent interest calculations. It reduces administrative workload, minimises the risk of defaults, and enhances financial accountability within your SHG. With real-time updates and automated notifications, members stay informed, building trust and smoother loan management.
Our Automated Loan Tracking system allows you to streamline the entire loan process, from application to repayment. With automatic tracking, real-time updates, and accurate interest calculations, your SHG will run more efficiently and transparently. Manage loans with ease and ensure timely repayments while reducing administrative work.
Benefits
Enhanced Accuracy
Automated Loan Tracking eliminates manual errors in loan applications, disbursements, and repayments, ensuring precise financial management.
Time Efficiency
A Loan Management System automates approvals, tracking, and notifications, reducing administrative workload and saving valuable time.
Improved Transparency
Real-time tracking of loans, repayments, and interest calculations ensures clarity and accountability for all SHG members.
Better Repayment Management
Automated reminders and structured repayment schedules reduce defaults and help members stay on track.
Scalability & Customization
A Loan Management System can be customised to meet your SHG's unique needs, growing with your group as membership expands.
Features
Loan Application Process
Simplified Loan Applications
Members can easily apply for loans through the system by filling out a digital application form that is automatically processed for approval.
Automatic Application Approval/Denial
Based on predefined criteria, the system automatically approves or rejects loan applications, speeding up the process and reducing human error.
Transparent Application History
Track the status of each loan application, from submission to approval, with a clear history accessible to members and admins.
Customisable Loan Criteria
Set loan eligibility criteria, including maximum loan amounts, repayment terms, and interest rates.
Instant Application Confirmation
Send instant confirmation notifications to members when their loan application is successfully submitted or processed.
Simplified Loan Applications
Members can easily apply for loans through the system by filling out a digital application form that is automatically processed for approval.
Automatic Application Approval/Denial
Based on predefined criteria, the system automatically approves or rejects loan applications, speeding up the process and reducing human error.
Transparent Application History
Track the status of each loan application, from submission to approval, with a clear history accessible to members and admins.
Customisable Loan Criteria
Set loan eligibility criteria, including maximum loan amounts, repayment terms, and interest rates.
Instant Application Confirmation
Send instant confirmation notifications to members when their loan application is successfully submitted or processed.
Loan Disbursement Tracking
Automatic Loan Disbursements
Once a loan is approved, the system automatically tracks disbursements to ensure each member receives the correct amount, reducing manual errors.
Disbursement History
Maintain a complete record of all loan disbursements for full transparency and visibility for members and administrators.
Real-Time Updates
Loan disbursement details are updated in real-time, allowing members to track fund issuance and helping admins ensure on-time disbursements.
Multiple Disbursement Options
For faster processing, you can disburse funds directly from the system through multiple channels (bank transfer, mobile wallets, etc.).
Loan Balance Tracking
Track the remaining loan balance after disbursement and update it automatically as repayments are made.
Automatic Loan Disbursements
Once a loan is approved, the system automatically tracks disbursements to ensure each member receives the correct amount, reducing manual errors.
Disbursement History
Maintain a complete record of all loan disbursements for full transparency and visibility for members and administrators.
Real-Time Updates
Loan disbursement details are updated in real-time, allowing members to track fund issuance and helping admins ensure on-time disbursements.
Multiple Disbursement Options
For faster processing, you can disburse funds directly from the system through multiple channels (bank transfer, mobile wallets, etc.).
Loan Balance Tracking
Track the remaining loan balance after disbursement and update it automatically as repayments are made.
Repayment Schedules
Customisable Repayment Plans
Set up flexible repayment schedules based on loan terms and member capabilities, with weekly, monthly, or custom interval options.
Automatic Payment Tracking
Track each repayment automatically, ensuring no payment is missed and the loan balance is updated in real-time.
Payment Reminder Alerts
Send automated reminders for upcoming payments, reducing the risk of overdue loans and helping members stay on track.
Repayment Flexibility
Allow members to make early repayments or adjust schedules with automatic recalculations of outstanding balances.
Real-Time Repayment Updates
As repayments are made, the loan balance updates instantly, giving members and admins a clear, up-to-date view of the remaining loan amount.
Customisable Repayment Plans
Set up flexible repayment schedules based on loan terms and member capabilities, with weekly, monthly, or custom interval options.
Automatic Payment Tracking
Track each repayment automatically, ensuring no payment is missed and the loan balance is updated in real-time.
Payment Reminder Alerts
Send automated reminders for upcoming payments, reducing the risk of overdue loans and helping members stay on track.
Repayment Flexibility
Allow members to make early repayments or adjust schedules with automatic recalculations of outstanding balances.
Real-Time Repayment Updates
As repayments are made, the loan balance updates instantly, giving members and admins a clear, up-to-date view of the remaining loan amount.
Outstanding Loan Alerts
Late Payment Notifications
The system sends automatic alerts when payments are overdue, helping reduce defaults and ensuring members are aware of outstanding dues.
Escalation Alerts for Extended Defaults
Set up escalation alerts for loans overdue beyond a set period, prompting urgent action from admins or members
Member-Specific Alerts
Send personalised alerts to members, notifying them of outstanding dues, upcoming payments, or missed payments
Transparency for Members
Members can quickly check their loan status and receive overdue payment notifications via their dashboard, email, or SMS.
Customisable Notification Settings
Admins can customise the type and frequency of outstanding loan alerts, ensuring effective communication for SHG members.
Late Payment Notifications
The system sends automatic alerts when payments are overdue, helping reduce defaults and ensuring members are aware of outstanding dues.
Escalation Alerts for Extended Defaults
Set up escalation alerts for loans overdue beyond a set period, prompting urgent action from admins or members
Member-Specific Alerts
Send personalised alerts to members, notifying them of outstanding dues, upcoming payments, or missed payments
Transparency for Members
Members can quickly check their loan status and receive overdue payment notifications via their dashboard, email, or SMS.
Customisable Notification Settings
Admins can customise the type and frequency of outstanding loan alerts, ensuring effective communication for SHG members.
Interest Calculation
Automatic Interest Calculation
Automatically calculate loan interest based on the group's agreed-upon rate, ensuring accurate repayments.
Interest on Remaining Balance
Interest is calculated based on the loan's remaining balance and updates automatically with each repayment.
Flexible Interest Rates
Set fixed or variable interest rates for different loan types to ensure fairness and flexibility for SHG members.
Interest Summary Reports
Generate detailed reports showing how interest is applied to each loan, providing transparency for members and admins
Clear Interest Breakdown
Provide members with a clear loan breakdown, including the principal amount, interest applied, and remaining balance.
Automatic Interest Calculation
Automatically calculate loan interest based on the group's agreed-upon rate, ensuring accurate repayments.
Interest on Remaining Balance
Interest is calculated based on the loan's remaining balance and updates automatically with each repayment.
Flexible Interest Rates
Set fixed or variable interest rates for different loan types to ensure fairness and flexibility for SHG members.
Interest Summary Reports
Generate detailed reports showing how interest is applied to each loan, providing transparency for members and admins
Clear Interest Breakdown
Provide members with a clear loan breakdown, including the principal amount, interest applied, and remaining balance.
Why Choose Us
Efficiency
We automate key loan processes, from application to repayment, saving time and reducing manual errors in tracking.
Transparency
We offer complete visibility into loan status, disbursements, repayments, and interest calculations for both members and administrators.
Accurate Loan Management
We ensure accurate tracking of loans, interest, and payments, reducing the chances of discrepancies.
Timely Alerts
We provide timely notifications for overdue payments, loan due dates, and updates to help manage loans efficiently and prevent defaults.
Customisable and Scalable
We adapt loan terms, repayment schedules, and interest rates to fit the unique needs of your SHG, and we can scale as your group expands.