Repayment Management System (RMS)
Indus Loan Servicing module tracks and manages the repayment processes. It includes monitoring of receivables, acceptance of repayment details, reports and customer queries. Indus Loan Servicing module has multi-user and multi-branch capability.
Features
- » Pre-Payments & Foreclosures
- » Re-scheduling/ conversion of loans
- » Waivers / Refunds
- » Write-offs and Calculation of Overdue Interest
- » Maturity marking & Return of Collateral Documents
- » Change of address/ any other demographic change registered
- » Adjustments & refunds against any advance & excess amount
Supported Technologies
Web-Based (Browser)
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Pricing
- Unspecified -
Additional Product Information
Indus RMS interfaces with any kind of host banking system or accounting system as well as delinquency management systems. The communication and flow of information between this Module and the other external application can happen in an online mode or batch mode. It handles several activities as part of the repayment processes of a loan application. The system allows definition of the various payment modes specific to each client with the ability to track and change the payment modes. There is also a provision for insurance of the collateral and life of the borrower.