Finance File​

It offers an extensive summary of each loan account that can be entered into the software along with, its respective principal loan amount, interest rate, EMI amounts, and payment schedules. So, the software can be used by lenders or financial institutions to easily distribute loans, manage payments and receipt types so that loan management and customer tracking have been simplified

• • Multiple guarantor​
  • Payment to dealer or direct customer​
  • Different % rate of interest​
  • Advance EMI​
  • File charge (% wise or fix amount)​
  • Flat or reducing mode
  • Multiple option in overdue or late payment​
  • Add Insurance, fitness and permit date for vehicles
  • Branch wise working​
  • EMI date, monthly and quarterly set accordingly

Account Settlement​

Financial account settlement is the part of the process that ensures all the transactions are reconciled and that everything is settled correctly between both parties. Amidst a world where the intricacies of financial activities are on the rise, having knowledge about this process is integral to maintaining the transparency, accuracy, and trust inherent in financial dealings.

It includes reconciling account balances, confirming whether these transactions have been completed, and resolving any divergences. For businesses and individuals alike, well-oriented settlement practices reduce risks and enable efficiency processes

• • Pre closure with closing rate of interest charge
  • Foreclosure​​
  • Account settlement
  • Branch wise receiving​

Multiple Installment

Multiple installments means that the payment is broken down into smaller payments over a period of time. This is usually found in loan contracts, purchases, and contracts that involve money since it enables a borrower or buyer to pay off a debt or purchase a price by installments, rather than one time in full. Normally in each installment a part of the principal amount together with any interest and the costs are included

• • EMI received in cash or bank​​
  • SMS facility on received amount
  • Overdue adjust accordingly
  • Branch wise receiving

Voucher Entry

Within accounting software or systems, voucher entries help with proper tracking of financial activities, aligning each transaction to the relevant accounts. It increases transparency, assists in budgeting and makes financial reporting easier because every financial transaction is recorded.

• • Payment
  • Receipt ​
  • Contra ​
  • Journal
  • Debit note and credit note

Amount receipt from Borrower

The amount receipt is a receipt you get from a lender or any financial institution for the money paid by the borrower against the loan or any such dues. This receipt acts as the evidence for the payment which contains information such as amount paid, payment date, payment purpose, and loan account no. for the payment made.

• • Amount receipt from borrower on different rate of interest
  • EMI facility for borrower​​

No Dues Certificate and Seizing letter

The Provide No Due Certificate, Bring credit to the borrowers mind, Conciliation the financial position and maintain credit Card History It is needed in multiple situations, for example — in asset transfer, obtaining further funding, and in clearing up procedures in court regarding loans. NDC is critical as it allows for transparent financial conservation as well as a smooth channel of being able to conduct other financial activities in the future because it reflects the repayment history of a borrower with time.

Seizing Letter is an official letter that aims to communicate that a property or an asset has been seized for some legal or contractual reason. This is a letter that has details of the items that were seized