Personal loan management software for unsecured loans

Lend to a known customer without collateral, then collect the way it really happens: interest when they can, principal in part payments, and one closing when they settle.

Also known as: personal loan management system, personal loan management app, personal loan management application

Personal loan management in Tamil

A personal loan here is an interest-bearing loan of a fixed amount given on trust. It is set up like a term loan, with an amount and an interest rate and no ornament entry. You can record what it was lent against, such as a vehicle, property or jewel, without entering ornaments one by one.

Repayment is flexible and works like a pledge. The customer pays interest when they can, pays the principal down in part payments and closes the loan in one go. There is no fixed EMI schedule.

How a personal loan runs

• Set up the loan: Customer details, photo, up to 3 proof documents, amount, interest rate and processing fee.
• Collect interest: Pay interest when the customer is able to, using the same interest screens as pledges.
• Reduce the principal: Take part payments at any time, and interest follows the new balance.
• Close: Close the loan with the exact amount due, using the same closing calculation as pledges.

Why it works this way

• Same repayment screens: Interest payment, part payment and closing behave as they do for pledges.
• No ornaments: No ornament-by-ornament entry. Record what it was lent against if you want to.
• Settings: Control the loan number prefix, default rate and mode, processing fee, header text and optional nominee.
• Personal-only shops: An option hides the pledge-only menus for shops that run personal loans only.
• Separate lists: Recent and search screens list personal loans on their own.
• Accounts: Personal loans appear in the day book and profit report along with pledges.

Related

• loan manager
• term loan software
• loan management software
• pawn broker software
• Pawn broker software in Tamil (தமிழ்)

Frequently asked questions

What is a personal loan in this software?

A fixed-amount, interest-bearing loan with no ornament entry, repaid like a pledge: interest when the customer can, part payments and a single closing.

Is there a fixed EMI?

No. Repayment is flexible. If you want a fixed schedule, use the term loan module.

Can I record what the loan was given against?

Yes, for example a vehicle, property or jewel, without entering ornaments one by one.

Can a shop run only personal loans?

Yes. An option hides the pledge-only menus.

Is there a personal loan management system or app?

Yes. 2Dot Loan Manager is a personal loan management application you install on your PC, and it works offline. The online plans add cloud sync, backup, and access from mobile and other devices.

Is personal loan management software available in Tamil?

Yes. 2Dot Loan Manager works in Tamil and English. You can type Tamil on an English keyboard and print bilingual receipts. See the Tamil page for the Tamil version of this information.

Contact 2Dot Solutions in Karaikal