Loan Management System

LMS streamlines the entire lending process, from application to repayment. By leveraging the LMS, the project will ensure efficiency, transparency, and security, making it easy to access and manage loans.

 

Call us to set up your LMS : 1242-565-9121

LMS Dashboard

The LMS dashboard provides a real-time, visual overview of the lending program’s performance. It shows key metrics that  enable quick decision-making and ongoing monitoring of the program’s financial health.

  • Capital
  • Cash-on-hand
  • Cash Receivables
  • Total Assets
  • Total Payout
  • Total Payment
  • Processing Fees
  • Interests
  • New applicants
  • Active clients
  • Total clients

Income Projection

This feature allows the organization to forecast potential income from the lending program over various time periods, such as one year, three years, etc. The projections are based on variables like the total capital available, interest rates, and loan durations. This tool helps in planning and ensures the financial sustainability of the project.

  • 1-year income projection
  • 2-year income projection
  • 3-year income projection

Evaluation of Eligibility

This automated feature assesses each applicant’s eligibility based on predefined criteria such as income level, creditworthiness, and salary slip analysis. The system calculates critical metrics with the following steps:

  • Enter the Gross Salary amount
  • 25% threshold automatically show
  • Enter the Net Salary amount
  • Net disposable amount automatically show
  • System compare the net disposable income against the monthly loan amortization and determine if approve or disapprove

9 Key Components of LMS

Income Projection

This feature allows the organization to forecast potential income from the lending program over various time periods, such as one year, three years, etc. The projections are based on variables like the total capital available, interest rates, and loan durations. This tool helps in planning and ensures the financial sustainability of the project.

Dashboard

The LMS dashboard provides a real-time, visual overview of the lending program’s performance. Key metrics such as total assets, cash-on-hand, active loans, pending payouts, and profit margins are displayed, enabling quick decision-making and ongoing monitoring of the program’s financial health.

Loan Settings

This module allows the admin to set and adjust the fundamental parameters of the lending program, including the total capital available for loans, interest rates, loan duration, and salary thresholds. These settings can be tailored to meet the organization’s specific lending policies and member needs.

Online Application

The LMS features an intuitive online application form where members can apply for loans. This form collects all necessary information from applicants and integrates directly with the system, ensuring a seamless transition from application to evaluation.

Applicants Record

All applications are stored and managed within the Applicants Records module. This component organizes data on each applicant, including their personal details, application status, and any supporting documentation, ensuring that all relevant information is easily accessible for review and processing.

Evaluation of Eligibility

This automated feature assesses each applicant’s eligibility based on predefined criteria such as income level, creditworthiness, and salary slip analysis. The system calculates critical metrics like the 25% salary threshold and net disposable income, comparing them against the loan’s monthly amortization to determine approval or disapproval.

Payment Record

The Payment Record module tracks all payments made by borrowers. It records the amount paid, the date of payment, and any outstanding balances. This component is essential for monitoring loan repayment progress and ensuring that borrowers stay on track.

Autogenerated Documents

The LMS can automatically generate all necessary documents, including loan contracts, salary deduction slips, letters of disapproval, and stop letters upon loan repayment completion. This automation reduces administrative workload and ensures consistency in all communications with borrowers.

User Accounts

The LMS supports multiple user accounts with customizable access levels. Roles such as Chairman, Treasurer, Assistant Treasurer, Loan Officer, and Technical Team members can be assigned specific access and editing rights, ensuring that each team member can perform their duties efficiently while maintaining data security and integrity.

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Service Package

  • LMS
  • Setting up the LMS and accounts
  • In-service training of the loan committee
  • Implementing Guidelines
  • Flowcharts, graphics and video
  • Integration of the link or QR code at the website page for Loan Project
  • Data back and technical assistance
  • Update and Upgrade of the LMS
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How it Works

  • We set up the LMS
  • Create accounts and grant access to particular information based on the account
  • Conduct in-service training to the Loan Committee members
  •  Conduct a members orietnation or presentation of the loan process
  • Implement the key components of the LMS for successful implementation
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What's to Expect

  • Real time notification of the online applicants via email or dashboard.
  • Instantly generated Salary Deduction slip, Notice of Disapproval and Stop Letter.
  • Real time financial information on capital, active clients, payouts, payments, profit, processing fees and interest.

Our Pricing Plans

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1(242) 565-9121

Get started with your Loan Project using LMS