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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

CLIENT SPEAK

  • The Meticulousness of efforts to ensure customer delight by each of the team member during the course of the project is appreciable. - Data Archival Project

    R. Ganesh (Senior Manager)

    Indian Overseas Bank
  • Overall we are happy with the services provided by Nelito. The implementation team is sensitive to our support requirements and does a good job.

    Vinayak Khadye (Chief Digital Officer)

    Finanzmart Services Pvt Ltd
  • We are extremely thankful to the whole team who have devotedly committed and created this excellent database. Much of our time was wasted in data retrieval from i link where we were facing lots of issues.

    You have given us an awesome product which is superior to our Finacle itself in its display capabilities. The great idea of taking pdf/word/excel option is simply superb. Merging the party code and Finacle CIF and account numbers are another feather in the cap.

    N Sampath Kumar (Branch Manager)

    Corporation Bank
  • We have successfully made Nelito's Fincraft Software for NBFC live in early March for LOS,LMS and Sanjiv Khalkho, Arijit Chakraborty with his team have been very instrumental in making this software live . I would like to appreciate on the turnaround time during the go live phase of the team in getting some of our key requirements done and helping our users to use the software for recording and disbursing all the sales from the software.

    In technology side I would like to praise Pramod Navale and Ganesh Khetmalis for in depth knowledge of the product and their technical skills is outstanding. Looking forward for the continued relationship for our next release and whole of 2018.

    Prateek P Katyal (CTO)

    WheelsEMI Pvt. Ltd
  • "We are extremely pleased with the kind of support extended by you and your team for our year end work. Although whole bunch of people worked for making the support seamless from your end, my special thanks to following resources. Anurag, Arpit, Arvind, Pranit, Suraj, Udgran, Nilesh, Leena and Udgrand. Also, thanks to all others who have supported us directly or indirectly at your end."

    Ananda Padebettu (IT Manager)

    The Nav Jeevan Co-op Bank Ltd.
  • "For a Bank of our size, this system suffices and is very cost effective. Almost all of the bank’s activities run on the one system. Nelito constitutes a partner more than a supplier and the relationship includes provision of the bank’s underlying technology as well as its Fincraft range of applications."

    Chairman

    The Nainital Bank Ltd.
  • "The best mix of functionality and technological support and our vision of “Cash Less and Paper Less” work environment for Sonata has come true with our technological partner Nelito. I highly recommend FinCraft Core Microfinance platform and especially integrations with a number of third party services."

    IT Head

    Sonata Finance Pvt. Ltd.
  • CBS

    "We are happy to use FinCraft Data Archival & Retrieval solution from Nelito Systems; it has given huge ROI in terms of saving revenue by retiring legacy applications. We get all desired reports in a timely manner from the solution."

    Assistant General Manager (CBS)

    United Bank of India
  • Custom Application Development testimonial

    "Proactive & professionally supportive, technically skilled team."

    General Manager

    Federal Bank
  • DGM

    "My bank is working with Nelito from the last about 9 Years and the services provided by the company may prolong our association."

    Sikander Gupta | CEO

    The Jammu Central Co-op Bank Ltd.
  • DGM

    "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)
  • DGM

    "As Vendor strict adherence to process & procedures. Risk Mitigates in Place. Flexible to customer requirements."

    Dinesh Negi | VP (Clg)

    DCB Bank Ltd
  • DGM

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

    Frithjof Ramb | Vice President

    SBI- Frankfurt, Germany
  • DGM

    Support services provided for Swift is really up to the mark and meets all clients requirement. Kindly keep this ongoing.

    Rudolph Banis | Head - IT CBS and Application Management

    IndusInd Bank
  • DGM

    Excellent

    Navin A Bijur | Manager - IBD

    The Shamrao Vittal Coop Bank Ltd