Loan Management Software for Autonomous Bodies

Loan Management Software for Autonomous Bodies:

Loan Varieties

· House Building Loan

· Personal Loan

· Long Term Loan

· Intermediate Loan

· Short Term Loan

· Special Loan

· Festival Loan/Seasonal Advance

· Emergency Loan

· Educational Loan

· Medical Loan

· General Loan

· Etc.

Scope of the software

· Maintaining Employee s’ Loans & Interests in EMI method and Diminishing method

· Capturing Operator/User names for security

· Capturing Interest Rates for various Loans with effective date

· Capturing Eligibility Criteria like Maximum Limit s, Maximum Installment No., etc. for various Loans with effective

date

· Capturing Loan position of employees at the beginning of computerization

· Capturing of information of Employees’ Insurance Policies, Service Bond Amount, Service Years, Pay, etc.

· Process ing Loan Application with Guarantor Information and eligibility criteria

· Automatic generation of Loan Sanction Order following Eligibility Criteria

· Processing Loan Payment Voucher

· Automatic Monthly Interest Calculation for the Loans

· Automatic Demand Generation for Principal/Interest Recovery for Payroll

· Capturing Monthly Principal & Interest Recovery Receipts

· Processing of Bulk Refund of Loans with Revised Interest Calculation

· Generation of Loan Payment Slip

· Generation of Loan Issued Register

· Generation of Loan Ledger

· Generation of Employee wise List of Loan Statements/Schedules for a period

Salient Features of the software

· Fully customizable as per the user’s requirement

· Unlimited data/record storage capability with Centralized Database maintenance

· Supports unlimited users/client-computers