Applications and assessment
Online applications, document upload, scoring rules and decision history in one place.
Loan management system
In short
A loan management system is software that handles the full loan lifecycle: application, assessment, contract, disbursement, repayment schedule, interest, reminders and arrears. netgroup builds and adapts such systems for lenders, leasing and financing companies, credit unions and businesses offering instalment payments.
Updated:
Loan management system
What you get
Contracts and schedules
Contract generation, annuity or linear schedules, interest, fees and amendments.
Payments and allocation
Bank statement import, automatic payment matching and balance calculation.
Reminders and collections
Automated email and SMS reminders, arrears stages, late fees and a collections workflow.
Self-service and reporting
Borrowers see their loans and payments; management sees portfolio, risk and cash-flow reports.
Who it's for
Who it's for
- Consumer and business lenders
- Leasing and factoring companies
- Credit unions
- Businesses selling on instalments
Technologies and systems
- Repayment schedules
- Bank statement import
- E-signature
- SMS and email reminders
- Borrower portal
- Reporting
- API
How it works
How it works
01
Product analysis
We document your credit products, rules, calculations and responsibilities.
02
Design
Processes, screens and integrations with bank and accounting.
03
Phased build
Built in modules so core features go live as early as possible.
04
Migration and support
We migrate the existing portfolio, train staff and maintain the system.
Loan management system
Frequently asked questions
Who needs a loan management system?
Any company offering loans, leasing, instalments or other financing that wants to automate applications, schedules, payment matching, reminders and reporting.
Does it calculate interest and late fees?
Yes. Interest, fee and late-fee rules are configured for your products and contract terms.
Can existing loans be migrated from Excel or another system?
Yes, migration is a standard part of the project – contracts, schedules, payments and balances are moved and reconciled.
Can it connect to our bank and accounting?
Yes – via bank statement import or API, with accounting entries passed on according to your policy.
Related services
Inquiry
Let's discuss your project
Fill in the form – we reply within 1 business day.
- One point of accountability
- Security from day one
- Clear scope and price
Thank you! We got your inquiry.
We'll get back to you within 1 business day.