Loan Management System

The most crucial aspect of any lending business is the need to assess the creditworthiness of the customers and their ability to repay the loan. This makes it imperative for lending institutions to have an automated loan management system, especially to dene the key aspects of Principal amount, Interest rate, Tenure etc.

Most existing systems in the market lack automation while making the lending process tedious and time-consuming. They also lack visibility across systems and fail to accurately track information of customers due to the manual handling of data. Hence the requirement of a robust loan management system for any bank or NBFC becomes crucial in order to manage customer and loan-related transactions. The loan management system defines the start and end point of the digital infrastructure of loan products catered by Banks and NBFCs; right from the loan product definition to the numerous elements of servicing are handled with the aid of the loan management system and thus it forms the core of any lending business. It not only makes the lending process seamless but also saves time for the business owners in storing details and sending information regarding the payable amount, due date, EMI etc.

Trustt’s Loan Management System was built on the philosophy to empower lending organisation's with a resilient, composable and scalable system that helps them launch new loan products with faster turnaround time. Trustt’s Loan Management System manages and controls multiple lending products in a single integrated manner. The micro-configurable platform automates customer management operations, digitizes repayment options and provides insights from data obtained throughout the loan journey. It is integrated with Trustt’s Loan Origination System and acts as a comprehensive tool for maintaining all records, and transactions and also helps in making quicker decisions. It is also integrated with Trustt’s Loan Analytics System, Collection Management System and Collateral Management System, and interacts with these systems through batch processing or APIs.