KASTLE Universal Lending Management, the loan management software, is a Web-based centralized architecture solution for automating the back office operations for the repayment life cycle and loan account servicing, supported by business event based accounting transaction generation. KASTLE Universal Lending loan management is ideal for the back office operations cell of user organizations, managing every activity involved in servicing a customer account right after disbursement till closure of a loan.
KASTLE Universal Lending Management provides capabilities to use and manage multiple repayment instrument types for managing the repayment cycle as well as various account management activities needed for servicing specific customer needs, at any stage of repayment. KASTLE Universal Lending management is a cost-effective way to manage multiple repayment types, accounts, collaterals and customer requirements with regard to various loan parameters.
The KASTLE Universal Lending loan management software also helps in the identification and classification of Non-performing Loans (NPL) for both normal and restructured loans. The elaborate account management features of the loan management software, take care of varied critical aspects that include appropriation (application) and re-appropriation of receipts, reversals and re-presentation of cheques, rescheduling for part prepayment / change in interest rates / tenor or installment change request, and restructuring and compromise / settlement management.
The loan management software streamlines repayment schedules based on flat / floating / tiered interest rates.
- Post-dated cheques
- Deduction against salary
- Billing
- ECS / RTGS / GIRO standing instruction
- Auto debit