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Features

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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
    • 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
    • Add Collateral
    • View Loan to Value (LTV) ratio
    • Manage all Collateral in a Register
  • Overdue Loans
    • View Pending Due Loans
    • View Past Maturity Date Loans
    • View 1 Month Overdue Loans
    • View 3 Months Overdue Loans
  • Loan Agreements/Templates
    • View Sample Loan Agreements
    • Upload Loan Agreement Template
    • Download Customized Loan Agreement for each loan
  • Savings Product
    • Add Savings Products
    • Set Interest Rate
    • Set Interest Posting Frequency
    • Set Minimum Balance required
    • Set Savings Fees
  • Savings Account
    • Add Savings Account
    • Add Transaction such as Deposit, Withdrawal, and Interest Amount
    • Print Savings Account Statement
    • System will automatically add interest to the savings account depending on the savings product
  • Fixed Deposit Product Fields
  • Accounting Fixed and Recurring Deposit Product Fields
  • Interest rate chart with amount range
  • Branches
    • Add Unlimited Branches
    • Set Minimum and Minimum Loan Amounts
    • Set Minimum and Minimum Loan Interest Rates
    • Set Branch Holidays
    • Add Branch Capital
    • Switch between branches
  • Users
    • Add Staff and upload picture and files
    • Set Staff Roles for each staff such as Cashier, Teller, Operations Manager, Collector, and Branch Manager
    • Set permissions for each staff role and control what pages they can see
    • Assign Staff to Branch so they can’t access other branches

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Expenses

  • Add Expense
  • Set Expense Type
  • Upload Invoices and Receipts
  • Set Recurring Expenses
  • View and filter Expenses based on Expense Type
  • Other Income
    • Add Other Income
    • Set Other Income Type
    • Upload Files
    • Download Receipts
    • Set Recurring Other Income
    • View and filter Other Income based on Other Income Type
  • Asset Management
    • Add Asset Management
    • Set Asset Management Type
    • Upload Files
    • Add Depreciation Values
  • Full HR Management
    • Add Payroll for your Staff
    • Manage Attendance
    • Manage Holiday
    • Manage Leave
    • Manage Memos and Reminders
    • Manage Departments Destinations
    • Manage To Do & Document
  • Payroll
    • Add Payroll for your Staff
    • Automatically Generate Payslips
    • Choose Payroll Templates
    • Edit Template Fields
    • Set Recurring Payroll
    • View and filter Payroll based on Staff name
  • Projects
    • Manage Projects
    • Assign Projects to users or Borrowers
    • Add multiple projects
    • Kanban Board
    • List View
    • Add Tasks
    • Report & Projects Categories
    • Export in different file formats
    • Time log report by Employees and Projects
  • Charts
    • Loan Released Chart
    • Loan Collections Chart
    • Past Maturity Date Chart
    • Pie Chart on the percentage of male and female borrowers
    • Average Loan Tenure
    • Balance Sheet, Net Profit, Gross Profit, Expenses, and Payroll Charts
    • Savings Chart
  • Download Statements/Receipts
    • Repayment Receipt
    • Loan Statement
    • Client Statement
    • Loan Schedule
    • Other Income Receipt
    • Format Reports
  • Reports
    • Balance Sheet
    • Collections Report and Chart
    • Collector Report (Staff)
    • Cash Flow and Detailed Cash Flow
    • Cash Flow Projections
    • Disbursement Report
    • Pending Dues Report
    • Profit Loss Statement
    • Microfinance Financial Reporting Standards – Ratios
    • Portfolio At Risk (PAR) figures
    • At A Glance Report
    • Summary of total borrowers, savings, loans, and collections
    • Download reports in CSV (Excel, LibraOffice, Apache OpenOffice)
  •  Accounting Integration
    • Transfer data from Loandisk to Sage One
  • Audits
    • Audit entire system
    • All user changes are kept recorded in timely

Full Back up and Unlimited Support

Loans