Build, Launch, And Service Any Loan Product Without Compromise
Lenders turn bold lending ideas into reality with a platform that’s always a step ahead.
Veefin LMS at a glance
Build Your Perfect LMS
Product Configuration
Design any lending product with flexible interest calculations, repayment structures, and lifecycle management. No dependency on the IT team.
Automated Interest Calculation
Support multiple interest rate calculations (fixed/floating/hybrid) with custom overdue considerations and associated charges
Repayment Flexibility
Configure unlimited amortization methods, including Equated, Fixed Principal, Bullet, Balloon, Step-Up, Step-Down, Customized, Declining, and Increasing Balance
Lifecycle Management
Seamlessly handle moratorium periods, part-payments, tranche disbursals, foreclosures, pre-payments, and one-time settlements
Appropriation Customization
Configure the knock-off logic for repayments and waivers for each transaction and scheme basis. All events give flexibility to collect or waive at the component level
Loan Administration
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Reschedulement & Restructuring
Easily modify loan terms for struggling borrowers with preconfigured templates that maintain compliance with regulatory requirements.
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Legal Settlements
Manage complex settlement processes through integrated workflows that coordinate between legal, collections, and accounting teams.
Write-offs
Execute full or partial write-offs with proper approvals, documentation, and automated GL postings while maintaining recovery options.
GL Accounting
Ensure accurate financial reporting with automated double-entry accounting integration for all loan events and transactions.
Income-Expense Amortization
Optimize revenue recognition with configurable amortization rules for fees, commissions, and other loan-related income/expenses.
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Provisioning
Automate loan loss provisions based on risk parameters, delinquency status, and regulatory requirements with detailed audit trails.
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EOD & BOD Processing
Maintain data integrity with scheduled end-of-day and beginning-of-day processes that handle accruals, aging, and reporting needs.
Bulk Transaction Processing
Maintain data integrity with scheduled end-of-day and beginning-of-day processes that handle accruals, aging, and reporting needs.
Re-Payment Management
Automate payment allocation, instrument tracking, and reconciliation for error-free receivables management. Support all payment channels with consistent processing rules.
Customize repayment appropriation strategies using horizontal & vertical approach for standard and non-standard contracts.
Setup, automate, track and manage instrument based collections from E-Mandate or manually using NACH/PDC for demand processing and bounce management.
Empower the operations with features like value-dated collections & collection Reversals for error handling scenarios.
Partial and full waiver management across repayment events to facilitate personalised experience for customers.
Support payments through multiple channels with API-ready system for real-time posting to customer accounts.
Portfolio Monitoring & Reporting
Real-time dashboards provide instant portfolio health snapshots
Advanced analytics to identify trends and optimization opportunities
Pre-configured templates for regulatory and bureau reporting
Custom report generation for active loans, aging, risk portfolios, and more
Scheduled alerts for key portfolio events and thresholds
Portfolio Risk Management
Automated Days Past Due (DPD) monitoring and tagging for loans and customer.
NPA flagging based on DPD for loan contracts across the same customer.
Automated Asset classification of PAR accounts based on configurable matrix.
Automated penalties and interest accruals on overdues with standard collection policies.
Restructuring, Settlement, Write-off event management for accounts that require comprehensive compliance based handling.
Platform Capabilities
Role-Based Access Control
Security doesn't have to mean frustration. Our granular permissions model gives people exactly what they need nothing more, nothing less.
Document Management and Generation
Generate agreements, sanction letters, and more from dynamic templates, with secure storage, version control, and access permissions.
Notifications
Create personalized campaigns, automate status updates, and engage customers through email, SMS, and WhatsApp using pre-built templates for every stage of the loan journey.
Multi-Channel Access and Mobility
Empower your team and customers with flexible access. Mobile apps let staff manage loan tasks on the go, while self-service portals enable borrowers to view details, make payments, or request changes.
Integration with other systems
Open API architecture to build custom integrators
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Complete Collateral Lifecycle Management
Our platform digitizes the entire collateral lifecycle, from initial registration through ongoing monitoring and revaluation, ensuring regulatory compliance while reducing operational overhead.
Digital Collateral Registration
Unified Identification System
Cross-Collateralization Made Simple
Automated Revaluation
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Specialized Collateral Handling
Different assets require different approaches. Our system adapts to handle any collateral type with specialized workflows.
Property
Vehicles
Financial Assets
Commodities
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Designed for every lending product
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- Personal Loan
- Home Loan
- Vehicle Loan
- Credit Card
- Gold Loan
- Staff Loan
- Unsecured MSME Loans
- Loan Against Property
- Equipment Finance Loan
- Working Capital Loans
- Overdraft Line of Credit
- Revolving LOC
- Loan for shop/ factory / expansion
- Business Credit Card
- Merchant POS financing
- Commercial Vehicle Loan
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- Buy Now Pay Later
- Payday Loan
- P2P Lending
- Loan Against Mutual Funds
- Loan Against Securities
- Loan Against Fixed Deposits
Experience the Veefin Difference
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Frequently Asked Questions
How does Veefin's LMS integrate with the Loan Origination System?
Veefin's LMS and LOS are designed to work together seamlessly. Once a loan is approved in the LOS, all relevant data is automatically transferred to the LMS without manual intervention. This ensures a continuous digital journey from application to final repayment.
Can we handle complex lending products with unique repayment structures?
Absolutely. Our LMS supports virtually any repayment structure including step-up, step-down, bullet, balloon, declining balance, and increasing balance. You can also configure moratorium periods, manage part-payments, handle tranche disbursals, and process foreclosures, pre-payments, and one-time settlements.
How does the system handle regulatory compliance and reporting?
Compliance is built into the core of our LMS. The system comes with predefined templates for regulatory and bureau reporting, automatic NPA/DPD classification according to current regulations, and comprehensive audit trails. When regulations change, updates can be implemented quickly through our configuration engine.
What security measures does Veefin implement to protect sensitive financial data?
Veefin's LOS employs bank-grade security including end-to-end encryption, role-based access controls with granular permissions, multi-factor authentication, and comprehensive audit logging. We maintain ISO 27001 certification and SOC 2 Type II compliance, with regular penetration testing and vulnerability assessments. All customer data is stored and processed in compliance with applicable data protection regulations.
What kind of implementation support does Veefin provide?
We offer comprehensive implementation support including system configuration, data migration, integration with existing systems, user training, and post-implementation support. Our team works closely with yours to ensure a smooth transition and optimal system setup based on your specific requirements.