Product Features

Borrowers

    • Only First Name and Last Name required to create borrower
    • Upload picture and files if any
    • Add details such as DOB, Email, Mobile, and Address
    • Send SMS and Email directly to Borrower
    • Auto Send SMS and Email
    • Add Loans and Savings Account
    • Invite Borrowers to Loandisk so they can see their loans, repayments, and savings account
    • Assign Loan Officers to Borrowers
    • Add Custom Fields
    • Unlimited Borrowers can be added
  • Add Loan
    • Add Loan Products
    • Choose from Flat Interest, Reducing Balance – Equal Installments, Reducing Balance – Equal Principal, Interest-Only loans, or Compound Interest
    • Released Date, Amount, Interest %, Duration, and Repayment Cycle
    • Add Repayment Cycle for example fixed days every month
    • Set Grace Period
    • Set Penalties for late repayment and after maturity date
    • Set a different Interest Start Date
    • First Repayment Date and First Repayment Amount can be manually set in Add Loan
    • Add Loan Fees
    • Add Guarantors
    • Add Loan Agreement files
    • Loan Calculator
    • Add Custom Fields
    • Add Loans for Processing
    • Set Loan Reminders
    • Unlimited Loans
  • Manage Loan
    • View and print Loan Statement and Collection Schedule
    • Add Repayment
    • Add Bulk Repayments
    • View Loan Terms and Files
    • Add Comments
    • Edit Collection Sheet
    • Restructure Loan
    • Override Loan Due Amount
    • Filter Loans
    • Send bulk SMS to borrowers on the Daily Collection Sheet or the Overdue Loans Sheets.
  • Collateral Register
    • Add Collateral
    • View Loan to Value (LTV) ratio
    • Manage all Collateral in a Register
  • Overdue Loans
    • View Pending Due Loans
    • View Past Maturity Date Loans
    • View 1 Month Overdue Loans
    • View 3 Months Overdue Loans
  • Loan Agreements/Templates
    • View Sample Loan Agreements
    • Upload Loan Agreement Template
    • Download Customized Loan Agreement for each loan
  • Savings Product
    • Add Savings Products
    • Set Interest Rate
    • Set Interest Posting Frequency
    • Set Minimum Balance required
    • Set Savings Fees
  • Savings Account
    • Add Savings Account
    • Add Transaction such as Deposit, Withdrawal, and Interest Amount
    • Print Savings Account Statement
    • System will automatically add interest to the savings account depending on the savings product
  • Expenses
    • Add Expense
    • Set Expense Type
    • Upload Invoices and Receipts
    • Set Recurring Expenses
    • View and filter Expenses based on Expense Type
  • Payroll
    • Add Payroll for your Staff
    • Automatically Generate Payslips
    • Choose Payroll Templates
    • Edit Template Fields
    • Set Recurring Payroll
    • View and filter Payroll based on Staff name
  • Other Income
    • Add Other Income
    • Set Other Income Type
    • Upload Files
    • Download Receipts
    • Set Recurring Other Income
    • View and filter Other Income based on Other Income Type
  • Asset Management
    • Add Asset Management
    • Set Asset Management Type
    • Upload Files
    • Add Depreciation Values
  • Charts
    • Loan Released Chart
    • Loan Collections Chart
    • Past Maturity Date Chart
    • Pie Chart on the percentage of male and female borrowers
    • Average Loan Tenure
    • Balance Sheet, Net Profit, Gross Profit, Expenses, and Payroll Charts
    • Savings Chart
  • Download Statements/Receipts
    • Repayment Receipt
    • Loan Statement
    • Client Statement
    • Loan Schedule
    • Other Income Receipt
    • Format Reports
  • Reports
    • Balance Sheet
    • Collections Report and Chart
    • Collector Report (Staff)
    • Cash Flow and Detailed Cash Flow
    • Cash Flow Projections
    • Disbursement Report
    • Pending Dues Report
    • Profit Loss Statement
    • Microfinance Financial Reporting Standards – Ratios
    • Portfolio At Risk (PAR) figures
    • At A Glance Report
    • Summary of total borrowers, savings, loans, and collections
    • Download reports in CSV (Excel, LibraOffice, Apache OpenOffice)
  • Accounting Integration
    • Transfer data from Loandisk to Sage One
  • Branches
    • Add Unlimited Branches
    • Set Minimum and Minimum Loan Amounts
    • Set Minimum and Minimum Loan Interest Rates
    • Set Branch Holidays
    • Add Branch Capital
    • Switch between branches
  • Users
    • Add Staff and upload picture and files
    • Set Staff Roles for each staff such as Cashier, Teller, Operations Manager, Collector, and Branch Manager
    • Set permissions for each staff role and control what pages they can see
    • Assign Staff to Branch so they can’t access other branches

3 Simple Steps to get you started with Loandisk

Sign up

Sign up for a free 30 day trial.

Account Settings

Set your default settings such as currency, date format, and company name.

Start loaning!

You are now ready! Start by adding borrowers and loans.

Don’t see a feature or have different requirements?

Send us an email at support@loandisk.com. We do customizations on a paid basis.