API First, New Age
Loan Management Software
Built For Scale
At Synoriq, we're dedicated to elevating your lending experience. Our expert solutions are tailored for banks and NBFCs, setting the stage for a new era in financial services.
Scalability and Security
Super Compliant
100+ APIs
Excellence in Support
Hassle Free Migration
Trusted Among Industry Leaders
Growth catalyst for the lenders
Experience control with Synoriq LMS. Scale with confidence of compliance
40+
Lenders
12 Lakh+
Loan Accounts Managed
150+
Synorites
Glimpses of Synoriq LMS
Focus on innovation in customer acquisition - leave the boring loan management to us
New age lending trends
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Co-lending/BC and securitization module
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FLDG and partner interest payouts
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Subvention
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Limit management - multiple loan products against single limit
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Structured repayment schedule
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BNPL / Supply Chain / Micro Lap / Gold Loans / Salary Advance / Dropline OD / Daily Installment
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API first
Operations
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System generated documents including Statement of Account, Foreclosure Letter, List of Documents
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NACH / PDC management
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60+ reports
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Management dashboards
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Automated CKYC reporting
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Configurability of appropriation sequence
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Ability to define a separate appropriation sequence on NPA
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Alerts to customers via SMS, Email and WhatsApp
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Bureau reporting
NPA management
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DPD (Days Past Due) as per IRAC norms
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Auto classification on EOD to SMA-0, SMA-1, SMA-2, sub-standard, doubtful-1, doubtful-2, doubtful-3, Loss
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Auto movement of accrued interest to suspended interest
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Accounting write-off and write back of accounts
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Interest accrual in suspended
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Auto percolation of NPA status to linked accounts
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NPA upgradation only after all accounts are standard
Accounting
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Voucher accounting - product / scheme / branch level
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GST, TDS and Invoicing handling
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IndAS compliant
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Accounting templates product / asset classification wise
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Automated accounting
Banking
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Automated disbursement through bank integrations
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Automatic EMI presentation and response update
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PDC / NACH handling
Controls
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Maker-checker
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Audit trails for all changes including backdated repayment schedule
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2000+ validations
Synoriq LMS Highlights
Cost Efficient
With variable pricing based on book size. Synoriq LMS has been proven to be very cost effective with premium support
Automation
Synoriq LMS majorly focuses on automation in disbursement, Payment, Collection and much more
NPA Management
Auto classification on EOD to SMA-0, SMA-1 SMA-2, sub-standard, doubtful-1, doubtful-2, doubtful-3, Loss
Regulatory Compliance
Synoriq LMS is designed to ensure compliance with all the regulatory requirements and guidelines set by RBI
In-Built Co-Lending
Synoriq LMS come with in-built co-lending capabilities with both CLM-1 and CLM-2 model supported
Extensive Coverage
With more than 15+ Line Business Supported, Synoriq LMS built on a platform to support and configure any kind of Loan
Support 15+ Loan Products
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Personal Loan
MicroFinance
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Equipment Financing
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Loan Against Sec (LAS)
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Co-Lending
Synoriq LMS offers a comprehensive Co-Lending module that can be used with your existing legacy LMS.
This workshop will cover in-depth the day-to-day challenges faced by operations and accounts team.
Let's Hear from our Customers what they say about us
We signed Loan Management System of Synoriq in December 2022 to replace the existing system. The data migration was seamless and was completely owned responsibly by Team Synoriq. They immensely helped us in setting up the accounting strategies and accounting templates.
The system is user friendly and accommodates most of the business needs.The integration of our in-house Loan Origination system with LMS was also seamless.
They are engaged with us in the development of new functionalities and the willingness to do the innovative additions is appreciable. The support is prompt and fantastic which is helping us stabilise the system .
We wish team Synoriq all the very best
Himanshu Gupta
CEO, Moneywise
SalarySe sought a modern LMS for the lending platform. Synoriq impressed with deep expertise and swift delivery, including custom features like single limit and convert-to-EMI. Smooth API integration made in-house development a breeze. Highly recommend Synoriq for FinTech lenders!
Saumeet Nanda
Co-Founder, SalarySe
We have been associated with Synoriq for the past 3 years. Their customer centricity and support are worth the appreciation. Disbursement processes become smooth and cancellations have reduced due to transparent processes.
Thanks to Synoriq for also incorporating our inputs in the product. Their constant striving for improvement is quite visible in the whole team.
Arpit Gupta
CTO, Finova
Compliance and Security as Core Focus
2FA Authentication
Audit trail on file download
Rich access controls
International security certification
Why do all teams love us?
Relieve Your Team's Burden - Our Support Ensures Smooth Sailing for All
01
Business Team
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Launch new products faster
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Built-in industry nuances
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Faster onboarding with digital processes
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Better control with real-time MIS
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No more emails for approvals
02
Technology Team
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Secure and scalable
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API first with rich API documentation
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Server management not required as its SaaS
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Excellent support
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Easy UI/UX - less training requirement
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Product updates every month
03
Accounts and Finance Team
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Perfect Calculations and Numbers all the times
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Bank recon
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Ops Team
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Automation and bulk uploads make life easier
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Rich MIS
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Compliance Teams
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100% Regulatory Compliance
Why lenders are migrating to Synoriq LMS?
Legacy LMS
Lack of regulatory compliance
Exorbitant costs
Rolling out a new loan product is nightmare
Difficulty in maintaining in-house system
Business loss due to system performance issues
Lack of APIs
Lack of support
Issues with accounting
Synoriq LMS
Compliance first
Impact based pricing