Loan Management Software for NBFCs, MFIs and Small Lenders
We build loan management software for NBFCs, microfinance institutions, co-operative societies, gold-loan companies and fintech startups. It covers the full life of a loan: application, KYC, credit checks, sanction, disbursement, EMI schedules, collections, overdue follow-up and closure, with the reports your management and auditors ask for.
Smaller lenders often run on a mix of an old desktop package, Excel and collection notebooks. That makes it hard to know today's overdue position, reconcile field collections or answer a borrower's question about their balance. A well-built system gives every rupee a clear trail from disbursement to receipt.
We build with RBI's digital lending guidelines, the Fair Practices Code and the DPDP Act in mind: clear disclosures, recorded consent, audit trails and controlled access to borrower data. Your compliance team and advisers remain responsible for licences, policies and final sign-off.
Who Loan Management Software is for
NBFCs and small finance lenders
Registered lenders offering personal, vehicle, MSME or consumer loans who want to replace ageing NBFC software or spreadsheets with a system they control and can extend.
Microfinance and group lenders
Institutions lending to joint-liability groups and self-help groups, with centre meetings, weekly or fortnightly collections and field officers covering many villages, who need microfinance software built for group lending.
Co-operative societies and gold-loan firms
Co-operative societies that need member and loan records, and gold-loan firms that need gold loan software with pledge records, ornament details with weight and purity, interest calculation, renewals and auction tracking.
Fintech startups and lending partners
Founders launching a lending product with a regulated partner, who need a borrower app, loan servicing software behind it and APIs to connect with the partner's systems.
Features we build
Loan origination and KYC
Capture applications from branch, agent or app. Verify identity through eKYC or document upload with consent, check PAN and bank account, and pull bureau reports through your credit bureau membership.
Configurable credit rules
Define products with eligibility rules, loan limits, interest methods, tenure and fees. Applications are scored against your policy, and exceptions go to the right approver with notes kept on file.
Key Fact Statement and agreements
Generate the Key Fact Statement with APR and all charges before sign-off, along with the sanction letter and loan agreement. Borrowers can accept digitally, and copies are stored against the loan.
EMI schedules and interest engine
Support flat and reducing-balance interest, daily or monthly accrual, weekly, fortnightly or monthly instalments, moratoriums, part-prepayment and foreclosure, with schedules recalculated correctly after each change.
Disbursement and repayment channels
Disburse directly to the borrower's verified bank account, and collect through UPI, UPI AutoPay, NACH or e-mandate, payment links and cash with receipts. Collections post automatically after reconciliation.
Field collection app
An Android app for agents with daily due lists, route-wise visits, cash and UPI collection, printed or SMS receipts, GPS-tagged visit notes and promise-to-pay records, with end-of-day cash handover.
Overdue buckets and penal charges
Automatic classification into DPD buckets, reminders by SMS or WhatsApp, and penal charges applied as per your board-approved policy. Collection teams see who to call today and why.
Reports and borrower portal
Portfolio, disbursement, collection efficiency, overdue and interest income reports, bureau reporting files and audit trails. Borrowers can view their schedule, pay dues and download statements online.
From first call to launch
- 01
Understand your products
We go through each loan product, its interest method, fees, collection model and the reports your board and auditors expect.
- 02
Compliance and data mapping
We list the regulatory touchpoints you have identified, such as KFS, consent and data storage, and design screens, logs and data flows around them.
- 03
Build and verify calculations
We build in short cycles and test EMI, interest and penal calculations against your existing sheets until every figure matches.
- 04
Migrate live loans
Open loans, schedules and balances are migrated and reconciled loan by loan before the old system is switched off.
- 05
Launch, security and support
We complete a security review, train branch and field staff, go live and then support you under an annual plan.
What you receive
- Web back-office for origination, servicing, collections and reports
- Android field collection app for agents
- Borrower web portal or mobile app, if in scope
- Configured loan products, charges and document templates including KFS
- Integrations with eKYC, credit bureau, payment and SMS providers you contract with
- Migrated and reconciled open loan data
- Role-based access, maker-checker approvals and audit logs
- Deployment on your cloud account with backups
- Complete source code and technical documentation
What Loan Management Software costs
A loan servicing system for a small lender takes around 2–3 months. An LMS with field collections usually takes 3–5 months, and a full digital lending platform 5–8 months, including testing and data migration.
Loan servicing system for a small lender
₹1.75–4.25 lakh (≈ $2,700–6,300)
Borrower records, loan products, EMI schedules, receipts, overdue tracking and core reports for a society, gold-loan firm or small NBFC.
LMS with field collections
₹4.25–9 lakh (≈ $6,300–13,500)
Origination with KYC and bureau checks, maker-checker approvals, UPI and e-mandate collections, and an Android app for field agents.
Digital lending platform
₹9–21 lakh (≈ $13,500–31,500)
Borrower-facing app, rule-based credit decisions, partner lender APIs, co-lending style data flows and detailed compliance logging.
Indicative budgets based on typical projects. Your fixed-price quote depends on scope, integrations and timeline.
Tools and technology we use
- React
- Next.js
- Node.js
- NestJS
- PostgreSQL
- Flutter
- Redis
- Razorpay
- Cashfree
- AWS
- Docker
Why teams choose us
Fintech experience
We build fintech and accounting software, so interest calculations, ledgers and reconciliation get the care they need rather than being treated as simple form screens.
You own the system
Source code and data belong to you, hosted on your own cloud account if you prefer, which helps when auditors or regulators ask where data sits.
Fixed-price milestones
Each phase has a clear scope and price, with payments linked to features you can test with your own loan data.
Direct, long-term support
You work directly with the developers from our India-based team, and we stay on after launch to adapt the system as rules and products change.
Frequently asked questions
How much does loan management software cost?
A loan servicing system for a small lender typically costs ₹1.75–4.25 lakh. An LMS with origination, e-mandate collections and a field agent app is usually ₹4.25–9 lakh. A full digital lending platform with a borrower app and partner integrations can cost ₹9–21 lakh. Third-party charges such as eKYC, bureau and SMS fees are billed separately by those providers.
Is the software compliant with RBI digital lending guidelines?
We design the software with RBI's digital lending guidelines and Fair Practices Code in mind, including the Key Fact Statement, disbursement to the borrower's own account, consent capture and clear charge disclosure. Compliance also depends on your policies, licences and processes, so your compliance officer and advisers should review the system before launch.
Can you build microfinance or gold-loan specific features?
Yes. For microfinance we support groups, centres, meeting schedules and weekly collections. For gold loans we record ornament details, gross and net weight, purity, valuation, loan-to-value checks, renewals and auction notices. These are configured as separate products within the same loan management software.
How are field collections kept secure?
Each agent logs in with their own account on a registered device. Every collection generates a receipt to the borrower, is GPS-tagged and appears in the back office immediately. End-of-day cash handover is recorded and reconciled against collections, so shortages are visible the same day.
How do you handle borrower data under the DPDP Act?
We collect only the data each step needs, record consent, restrict access by role, encrypt sensitive fields and keep access logs. Data is stored in India on your chosen cloud account. Your organisation remains responsible for its privacy notices and grievance process, and we build the features needed to support them.
Can we migrate loans from our existing software?
Yes. We migrate borrowers, open loans, repayment schedules and receipts from your current system or spreadsheets. Every migrated loan is reconciled so principal outstanding, interest and overdue match your old records before cut-over. We usually run both systems in parallel for one collection cycle to confirm the figures.
Do you work with lenders outside India?
Yes, for lenders and fintech startups in the US, UK, Australia and Canada that need a custom loan servicing backend or borrower app. Local lending laws differ significantly, so we work with your compliance advisers to configure disclosures, interest rules and data handling for your market.
Do you provide the lending licence or partner NBFC?
No. We are a software company. Licences, NBFC partnerships and regulatory approvals are your responsibility. We build and maintain the technology and can integrate with the systems of the lending partner you choose. We are happy to work alongside your legal and compliance advisers during design.
Related solutions
Fintech Software Development
Payment gateway and UPI integration, lending systems, wallets, eKYC and fintech MVPs built with audit-ready foundations.
Payment Gateway Integration Services
Razorpay, Cashfree, PayU, PhonePe, Stripe and PayPal integrations with UPI, subscriptions, split payouts, webhooks, refunds and reconciliation.
Mobile App Development
Cross-platform iOS and Android apps in React Native or Flutter, with backend, payments and store launch handled end to end.
We work with clients in India, United States, United Kingdom, Australia, Canada, Europe and New Zealand.
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