NBFC Software

Accelerate your digital lending processes with
Cloudbankin's tailor-made NBFC solutions. Take the plunge into a new normal for digital finance!

Cloudbankin - A complete NBFC Software

Our signature product Cloudbankin is a robust and intuitive loan management software solution for non-banking financial institutions (NBFC software). It is designed to speed up the overall loan management lifecycle by delivering an accelerated and transparent loan processing experience.

Cloudbankin acts as a comprehensive, integrated and modular banking software solution that empowers an NBFC to identify & optimise their operational risks, reduce manual intervention to strengthen their workflow & reduce discrepancies, thus improving overall operational efficiency.

The cloud-based nature of Cloudbankin makes our tailor-made NBFC software highly scalable, cost-effective, more flexible and easily deployable. The “User-friendly” nature of Cloudbankin drives the principles of best loan management solutions like maintainability, reusability, minimum manual intervention, and incremental delivery of loan products.

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Benefits

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Loan Lifecycle Management

Loan Origination System
Loan Management System
Accounting Management
Reports and Dashboard

Loan Origination System

Cloudbankin is a fully automated loan origination system which covers the complete origination cycle from data input to validation, credit analysis, scoring & rating to decision making. This flexible product can be customised to meet your requirements. Whether you are onboarding an individual client or a group, Cloudbankin lets you complete the entire process in a matter of minutes.

Paperless Onboarding
Personalised Account Features
e-KYC API Integration
Multi-Lingual and Multi-Currency
Multi Branch Management

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Loan Management System

Cloudbankin helps you streamline your loan management system to process loans and keep track of them quickly and accurately. Configure any loan product from personal loan to SHG Loan in a matter of minutes. Customize every aspect of a loan product from interest rate, loan period, maximum principal, other fees or charges, disbursement date, payment date, and amortisation schedule, etc.

Accurate EMI Schedule
Configurable Loan Products
Customizable Interest Rates
End-to-end Loan Disbursal and collections Management
Robust Document Management

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Accounting Management System

Our most flexible financial solution is a best-in-class, back-end accounting management software integrated with it. It has extensive financial management functionalities including journal entries (automated or manual), cash or accrual based double entry accounting, integrated chart of accounts, automated tax configurations. The system has the capability to deliver all the accounting reports in accordance with the organisation hierarchy.

Complete Loan Portfolio Accounting
Personalised Accounting Rules
Accrual Based Accounting
Opening Balance Migration
Automated Periodic Closing

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Reports and Dashboard

Our robust reporting module has an extensive range of ready to use reports which are capable of assembling, organizing and visualizing any data into real-time reports for easy interpretation. Improve the decision-making process and keep track of key measurements easily using our 100+ existing standard reports or create custom report within a fraction of seconds. Our interactive dashboard will offer you in-depth insights to make quicker and better-informed decisions.

100+ Standard Reports (General Ledger (GL) Report, Balance Sheet, P&L Statement, Total Loan Value, Outstanding Capital, Active Clients, Non-Performing Assets, etc)
6 General Categories (Clients, Loans, Savings, Funds, Accounting and XBRL)
4 Formats (XML, PDF, XBLR, and CSV)
All-in-one Interactive Dashboard (reports, charts, graphs, etc..)
Ad-hoc Reporting Capabilities

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Frequently Asked Questions

What are the main purposes of having NBFC Software?

The following are some of the primary perks of having NBFC software: 1. Serves as a complete, integrated, and modular lending solution 2. Identify and reduce operational risks. 3. Decrease manual intervention to improve workflow & minimise inconsistencies 4. Improves operational performance as a whole 5. Lowering operational costs

What are the solutions used by an NBFC?

An NBFC uses a complete loan lifecycle management software which includes: 1. Loan origination system to cover the entire origination cycle, including data collection, validation, procession, agreement and disbursement. 2. Loan management system to cover the complete servicing to the customers including repayment tracking, NPA management, rescheduling of loans and closure. 3. Accounting management system with functionalities including journal entries (automated or manual), cash or accrual based double entry accounting, integrated chart of accounts, automated tax configurations. 4. Reporting and Dashboards to showcase any data with real-time reports. This helps in keeping track of important key metrics and provide quicker and better informed decision making.

What is LMS in NBFC?

LMS refers to Loan Management System, which is designed to assist Non-Banking Financial Companies (NBFCs) in overseeing their lending operations. This includes managing various aspects such as tracking repayments, NPA management, sending alerts and notifications, configuring product terms and conditions, charges, etc.

Which kind of software is used in NBFC?

Non-Banking Financial Companies (NBFCs) that are into lending are increasingly turning to digital lending software solutions to simplify their loan-related operations. These solutions come with several key features, including 1) Cloud-based infrastructure, which provides greater flexibility, security, and scalability. 2) Offer end-to-end solutions that streamline workflows, simplify lending, and reduce costs 3) Automated underwriting, which speeds up the loan application process and reduces errors 4) Real-time data analytics, which provides insights into portfolio performance 5) Have mobile-first designs that allow borrowers to easily apply for loans from their mobile devices 6) Improved data management through a centralized database that provides easier access and better management of customer information. Overall, the use of digital lending software solutions results in streamlined operations and improved efficiency for NBFCs.

What are the benefits of having NBFC software?

a) Automating the loan lifecycle. b) Advanced credit decisioning tools for better decision-making ability with real-time data. c) Customized to meet the specific needs of lenders. d) Improve transparency in the lending process. e) Improve efficiency in loan processing. f) Cut operational costs associated with lending processes. g) Offer real-time updates on borrowers' repayments. h) Help to calculate late fees/penalties. i) Easily scaled up to accommodate additional operations and requirements. j) Improve Customer Experience. k) Advanced security measures to protect sensitive data, ensuring compliance with regulatory guidelines.