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Loan Management Solution Overview

FinCraftTM LMS supports multiple facets of Loan portfolio starting from prospecting to closure and monitoring. The comprehensive loan management solution facilitates banks and financial institutions to automate the procedures for achieving cost savings and better customer experience.

Nelito provides a robust Loan Product Suite for Agriculture Loans, Retail Loans, MSME loans and Project Finance etc. which delivers end-to-end Loan Management functionality for all types of loans & advances. Nelito's Loan Management Solution (LMS) offers Configurable Product rule engine consisting of Limit Frame Work, Collateral Setup, Recovery Appropriation Policy, Interest & Changes Structure etc.

The FinCraftTM LMS loan management system helps in quality improvement, improving turnaround time and better service for customers. It helps banks and financial institutions to improve the activity, transparency, competency and efficiency of their lending solutions.

Key Activities of FinCraftTM LMS

The FinCraftTM Loan Management Solution comprises of prebuilt activities starting from Loan document execution, Loan Account creation and Loan Disbursement, Funded and Non Funded Limit management, Collateral Management, Repayment Schedule, Collection work flow, Balancing and Overdue, Interest and Charges Application, Account settlement, NPA Management, write off to Rephasement and reschedule activity.

Features of Loan Management Solution

Following are some of the Key features of FinCraftTM LMS:

  • Loan Product Suite for Agri Loans, Retail Loans, MSME loans and Project Finance etc.
  • Configurable Product rule engine consisting of Limit Frame Work, Collateral Setup, Recovery Appropriation Policy, Interest & Changes Structure etc.
  • End-to-end Loan Management functionality for all types of loans & Advances
  • NPA Management along with SMA (Special Mention Account) analysis
  • Bank oriented Rephasement and reschedule activity
  • Write off / Wave off as per regulatory authority rules
  • Customer oriented Settlement of account through Omni channels capability
  • Customer oriented configurable Credit Monitoring activity
  • Role specific dashboards, Alert management

Key Functionalities of FinCraftTM LMS

Following are some of the Key functionalities FinCraftTM LMS:

  • Multi-Tier, Multi-User
  • Single Client, Multiple Accounts
  • Categorisation of customers into Groups/Sub Groups
  • Change logs for audit purposes
  • Open Item Accounts
  • Scoring Model for customer assessment and loan eligibility
  • Balance Sheet Analysis for Corporate Customers
  • Customer account age analysis
  • Account for interest bearing and non-interest bearing transactions
  • Multiple transaction types, including receipts, credits, journals, fees, advances, interest rate changes etc.
  • Enquiry for account status
  • Account Settlement & Restructure
  • Automated write-off of balances
  • Debit-order collection facility


  • CBS

    “The Bank is associated with M/S Nelito since 2002. M/S Nelito Systems Ltd has been our CBS vendor since 2009. The Products, quality of service offered by them are excellent. They have a very good support team and are trained enough for handling any type of situation.”

    D K Kandpal | Vice President (IT)

    Nainital Bank

    “Good & Co-operative.”

    Ronniee Gupta | DGM

    UCO Bank
  • CBS

    “We appreciate your local team who continuously supported & assisted our team to meet the goal.”

    NagendraNath Sinha | Principal Secretary IT

    Government of Jharkhand, Ranchi
  • CBS

    Knowledge and service provided to the bank is beyond expectation. And we would definitely engage and recommend solution to others .

    Rachelle F. Rivas | IT Project Manager (Senior Manager)

    Bank of the Philippine Islands (BPI)
  • CBS

    • As Vendor strict adherence to process & procedures
    • Risk Mitigants in Place
    • Flexible to customer requirements

    Dinesh Negi | VP (Clg)

    DCB Bank Ltd
  • Custom Application Development testimonial

    Bank has implemented CBS of Nelito Ltd in the year 2008-09 in phase manner. Also integrated RTGS/NEFT, CTS, MMS etc which help us in smooth automation of banking operation.

    K.T. Wadia | CEO

    The Sutex Co-op bank Ltd
  • CBS

    Experience during development of Rating Engine Module has been good in the context of commitment to meet timelines & lot of hard work has been put by Nelito's team.

    Ashuthsoh Satsangi | VP-Operations

  • CBS

    Everything was successfully implemented and tested. The implementation was professionally done in a very efficient and co operative manner. Migration was very smooth.

    Frithjof Ramb | Vice President

    SBI- Frankfurt, Germany
  • CBS

    Nelito and its team has always been supportive and efficient in achieving the tasks set up by the Dept. Appls developed by the software Engrs for the Public Health Dept have proved to be excellent among the top competitors and have been acclaimed for its effective service delivery to the end user at the grass root level which is the the foremost object of any Govt organization. Many thanks for the sincere efforts.

    Sanjay Kamlakar | Under Secretary to GoM

    Govt of Maharashtra