We've Solutions for Digital Lenders
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Those who source and lend from their own book.
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Those who source and their lending partners lend, but the complete lending experience is owned by them
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The one with an excellent product, tech team, and a brilliant idea for a unique customer experience and innovative underwriting.
Loan management system perfectly suited for your needs
Focus on the real differentiator and leave the boring task of loan management on us
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Rich FunctionalityRegulatory compliance - No need to worry about developing for regulatory compliance. We take care of the same Supports any kind of loan product - personal term loans and line products - dropline overdraft Support for co-lending and BC sourcing models
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Non functional aspectsAPI first - APIs for everything - over 150+ API https://docs.synofin.tech/books/synofin-lms-api-box Rich Documentation - to easily get started Secure - SOC-2 Type-2 compliant and ISO27001 compliant Scalable - we will stand with you no matter how large you become Regular updates - get benefits for regular feature updates Replication tool to replicate loan data to the server of your choice 200+ member team to provide fast support for changes and support Affordable - pay as you grow pricing
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Compared to inhouse development?You might find initial quick wins 80% of development is completed in 20% of the time Major time goes in stabilizing it and handling compliances and edge scenarios and making it suitable for the CFOs
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Easy MigrationWe've developed expertise on migration with inhouse migration automation tools. A typical migration can be completed within 3 months.
Feature highlight of Synoriq LMS
01. Business
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Built-in support for co-lending
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Subvention, graded interest
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Bureau reporting
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Repayment options
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NACH
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VAN
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PDC
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Alert management through communication engine
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Multi-loan products
02. Ops & Accounting
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IndAS - handling of amortization of processing fee
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Rounding off management
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GST management - B2B ready
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TDS management - B2B ready
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Rich back value transactions support with strong controls/audit logs and maker checker approvals
03. Regulatory compliance
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DPDs calculations
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Asset classification as per RBI rules
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SMA bucketing
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Standard, Sub-standard, doubtful - bucket movement as per the RBI regulations
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Provisioning validations as per RBI compliance
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Customer-level asset classification - auto change of classification if any one of the loans is impacted
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Bureau reporting - reports and connectors
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CKYC - connectors
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Audit trail for everything