Loans
- Borrowers
- Only First Name and Last Name required to create borrower
- Upload picture and files if any
- Add details such as DOB, Email, Mobile, and Address
- Send SMS and Email directly to Borrower
- Auto Send SMS and Email
- Add Loans and Savings Account
- Invite Borrowers to Loandisk so they can see their loans, repayments, and savings account
- Assign Loan Officers to Borrowers
- Add Custom Fields
- Unlimited Borrowers can be added
- Add Loan
- Add Loan Products
- Choose from Flat Interest, Reducing Balance – Equal Installments, Reducing Balance – Equal Principal, Interest-Only loans, or Compound Interest
- Released Date, Amount, Interest %, Duration, and Repayment Cycle
- Add Repayment Cycle for example fixed days every month
- Set Grace Period
- Set Penalties for late repayment and after maturity date
- Set a different Interest Start Date
- First Repayment Date and First Repayment Amount can be manually set in Add Loan
- Add Loan Fees
- Add Guarantors
- Add Loan Agreement files
- Loan Calculator
- Add Custom Fields
- Add Loans for Processing
- Set Loan Reminders
- Unlimited Loans
- Manage Loan
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- View and print Loan Statement and Collection Schedule
- Add Repayment
- Add Bulk Repayments
- View Loan Terms and Files
- Add Comments
- Edit Collection Sheet
- Restructure Loan
- Override Loan Due Amount
- Filter Loans
- Send bulk SMS to borrowers on the Daily Collection Sheet or the Overdue Loans Sheets.
- Collateral Register
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- Add Collateral
- View Loan to Value (LTV) ratio
- Manage all Collateral in a Register
- Overdue Loans
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- View Pending Due Loans
- View Past Maturity Date Loans
- View 1 Month Overdue Loans
- View 3 Months Overdue Loans
- Loan Agreements/Templates
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- View Sample Loan Agreements
- Upload Loan Agreement Template
- Download Customized Loan Agreement for each loan