Features - LoanTabs - Online Loan Management Software System

Loan Management Software Features

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Borrowers

Only First Name required to create a borrower.
Additional optional details include Business name, Phone Number, Email, Gender, Type of Business,
Upload files related to borrowers, such as ID documents, contracts, or financial statements.
Upload a photo of the borrower for identification and record-keeping.
Set a custom Borrower Unique Number for each borrower
Add an unlimited number of borrowers to the system.
Easily search for borrowers using their names
Filter borrowers based on their last loan status, e.g., identify all borrowers with fully paid loans.

Loans

Choose from Flat Interest, Reducing Balance – Equal Instalments, Reducing Balance or Compound Interest
Released Date, Amount, Interest %, Duration, and Repayment Cycle
Set Penalties for late repayment and after maturity date
Add Loan Fees
Add Unlimited Loans
View and print Loan Statement and Collection Schedule
Add Repayment
Upload Files
Override Loan Status
View Pending Due Loans
View Missed Repayment Loans where no payment has been made for last instalment
Add Expense for a loan
Extend Loan After Maturity until fully paid

Payments

Accounts

Reports