Micro Finance Software Company Providing All Vehicle Loan Software In India Based Auto Loans Applications and Technology expands on the functionality for previous versions. will help you in every step of the loan servicing process. We have automation in place for things like collections, payments, mass communication with borrowers, and much more.
Consists of Surety Loan (Unsecured), Crop Loan, Vehicle Loan, Gold Loan, Loan Against
Deposit (like, FD, RICC / CC) Loan Ledgers & various types of reports.
Individuals, Proprietorship, Partnership firms , Agriculturists Directors/Employees of the Corporate etc.
Can be parameterized as per the scheme (like 70% to 90% of the Market Value of Gold ornaments pledged)
Can be parameterized as per the scheme guidelines (Single payment [bullet payment] or in EMIs)
Can be parameterized
Can be parameterized as applicable
Address Proof, ID Proof, Income Proof (like Salary Certificate, IT return)
Creation of Lien on Vehicle in RC Book
Vehicle insurance
Valuation report (for 2nd Hand Vehicle)
Car financing, otherwise called auto back, auto financing or vehicle fund, alludes to the scope of money related items accessible that permit individuals to obtain an auto with any course of action other than a full-money single irregularity installment (through and through installment).
The arrangement of auto back, for the most part by a bank or some sort of monetary foundation, permits shoppers to pay the merchant or maker, despite the fact that they not have the cash, i.e. auto fund permits the purchaser to purchase an auto by getting the cash so that the vender can be paid.
Car financing is generally utilized both by individuals from people in general and organizations. An extensive variety of back items are accessible. Business contract procure, which can give duty and income advantages, is exceptionally prevalent among organizations.
A pre-figured credit is a fundamental central and intrigue advance. In this, the intrigue and essential installments are pre-ascertained before a borrower and moneylender concur and sign the budgetary printed material. A major detriment of this credit sort is that you can't make auto installments ahead of time and hope to forego intrigue installments.
A basic intrigue credit is like the pre-registered advance, however with one noteworthy distinction. Here, intrigue is charged each day on the premise of the adjust you as of now owe. Accordingly, the quicker you pay you adjust off, the less intrigue you'll pay generally speaking. In this manner, a basic intrigue credit with no prepayment punishments will be gainful for those individuals who pay ahead of time.
A secured credit is an advance in which you offer insurance against the advance. The guarantee is typically another vehicle (and in many examples, the place of the borrower). Take note of that on the off chance that you don't pay off the advance, the loan specialist can claim the property you set up as security.
Unsecured credits are normally the most favored sort of automobile advances. Here, the moneylender gives the credit on negligible confidence that you will keep your assertion. Given the hazard included, these credits are gone with high financing costs.
A rent buyout advance is a reasonable alternative for those borrowers who are not going to have the capacity to purchase out the rest of the sum on their auto (rent). Here, a business loan specialist will pay out the rest of the adjust on their rent. From that point forward, the borrower should make normal installments to the loan specialist.
Auto renegotiate credit, basically, can be considered as an advance upon an advance. This kind of vehicle advance will be useful for borrowers who may wind up not able to bear the cost of pay the high portion sum. Take note of that while an auto renegotiate credit may bring down the portion sum, the loan specialist may marginally raise the borrower's financing cost.