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LenderSuite vs Loanbook

Lendersuite

Lendersuite (aka Loan Ledger)

A powerful and reliable complete cycle loan servicing software  that takes charge of the entire loan life cycle.

Leadersuite targets Enterprise clients that have line of credit, overdraft facilities, mortgage loans,commercial loans, auto loans and construction loans;  governmental agencies, property developers and land sales.
Leadersuite has well developed loan servicing system, collection management system, investor participation, funds pooling, escrow services, credit reports and analysis system, ACH payments (electronic payments) and collection.
Pros

  1. Advance functionalities such as:
  • Loan servicing system
  • Collection management system
  • Investor participation
  • Fund pooling software
  • Escrow System
  •  Credit reports and analysis software,
  •  ACH payments and collections
  1. Available on Web based version
  2. Can be cloud or premises hosted
  3. Available on Free Trial
  4. Online Support available

Cons

Ideal for small business only

Expensive to subscribe

Loanbook (aka Jisort)

Loanbook is a simple lending system targeting simple lenders, provides essential loan portfolio management tools.

Some of industry served by Loanbook includes:

  • Micro finance Industry
  • Payday Lenders
  • Peer-to-peer Lenders
  • Individual Lenders
  • Personal Loan Calculator.

Features include

  • Loan Origination
  • Loan Disbursement
  • Loan Servicing
  • Collection Management
  • Electronic payments (Paypal and Cards)
  • Reports and Analytics


Pros

  • Easy to use
  • Free to Get Started
  • Excellent user support
  • Multi-platform – Web, Windows, Linux, MacOS


Cons

  • Lacks Advance features such as ACH payments, Fund Pooling, Escrow System,  investor participation
  • Suitable for small lender only

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