Iran’s financial system has undergone major transformations through the years. Recent years have seen an increase of banks and other financial institutions in the country. Businesses and individuals borrow from financial institutions (lenders) in order to go about their daily transactions conveniently. This article highlights some of the loan management systems that are either in use or can be used by these financial institutions.
Loanbook
Loan Book is one of the simplest lending applications designed to meet the needs of small and medium lenders such as micro finance institutions and peer to peer. The application is supported on different platforms such as Windows, Linux and Web. Additionally, the application is free for one user, while more users are billed $25 monthly.
Features include;
- Loan application
- Calculating loan interests and penalties
- Loan disbursement
- Loan repayment schedule
- Printing out reports
- Debt collection
For more details check out https://loanbook.io/
FinnOne Neo
FinnOne Neo loan management solution is one that supports both cloud and on-premise deployment. It is designed for small, medium to well established institutions. The solution has automated the entire loan cycle from client interaction and on-boarding to loan repayment.
Some of its features include;
- Omnichannel capability
- Fully automated ,paperless process
- Loan Cycle management (Loan product set up, application, disbursement, repayment, etc)
- Access client credit worthiness
- Supports multiple currencies and languages
LoanPro
LoanPro Software is a cloud-based, loan-servicing platform. Additionally, it is built entirely on a REST API hence easy to integrate with other relevant components of your business such as the website.
Among the features are;
- Borrower Management
- Client Communication
- Amortization Schedule
- Automatic Funds Disbursement
- Collections Management
The software is available at $200 per month.
Turnkey Lender
Turnkey Lender is a cloud based lending software for microfinance, payday lenders as well as other lending institutions such as banks. The software covers the entire lending process from origination to collection. Features include;
- Client on-boarding
- Loan origination
- Loan servicing
- Underwriting
- Debt collection