Who this page is for: NBFCs, lending desks, MFIs, and NGO programmes choosing a loan book. These are not consumer instant-loan apps. If the rules are unique, that work is custom software.
Pick the book, then the product
If the morning starts with applications, disbursement, and who missed an EMI, you want the lending-desk product. If the morning starts with a center, a group, and what the field agent collected, you want the microfinance product. Buying both “to be safe” usually means neither book is set up.
Loan Management System
For a desk that originates loans and collects EMIs. The file should show the application, the disbursement, the schedule, the overdue, and the borrower ledger without a side spreadsheet. Loan LMS product.
Microfinance LMS
For programmes that lend through centers and groups. The record is the center, the members, and the collection taken in the field. Microfinance product.
What to send before the demo
- One real EMI schedule, or one center’s collection sheet
- How overdue is chased today, and who owns that list
- Any interest or penalty rule that is not a standard reducing balance
If that third item is the whole product, say so. A ready LMS should not be bent around a rule it was not built for.