Software for deposit loan management for Service Co-operative bank, Urban Co-operative bank
and Credit Unions
icrats' iBanking Co-operative bank software offers Deposit loan management software on a core
banking platform equipping clients to process an instant loan, minimizing the risk of closing a
deposit with a lien, automating and end-to-end complicated preclosure
rules applicable for both collateral deposit and deposit loan, and statements. The deposit loan
management will be extremely complex otherwise.
- Can define various types of loans and its attributes.
- Application processing.
- Recommended amount calculation (based on deposit amount balance and other liabilities of
the deposit).
- User definable asset grading & NPA Report.
- Interest amount calculation from the given date and reverse calculation of
interest-applied date from the given amount.
- Transaction history on the ledger entry screen.
- Net liability of the loanee.
- Lien statement.
- Auto-updation of lien details at the time of disbursement, receipt and closing.
- Various types of arrear/ balance statements.
