Loan Management System

Rigour LMS is a new age full-stack and completely automated Loan Management system to handle your Loan records efficiently. It requires minimal human intervention with auto-computation and monitoring of key aspects of Credit management solutions.

Algorithm Based Lending Management

Overcome shortcomings of your existing Lending software

Manual Intervention
Reduce Manual Intervention

Remove dependency on manual intervention for making corrections in the Loan Schedule. System does 99% work, human effort is reduced to monitoring.

Zero Hassle
Zero Hassle Recomputations

Every time a Collection is done, system recomputes the EMIs for future months. Reduces errors and time for system updates & offers customer seamless experience.

Automatic Recalibration
Automatic Recalibration

Handles unique events like Loan foreclosure, Advance EMIs, Loan rescheduling, and others effortlessly. System provides such event handling capabilities and saves time & effort in manual computations.

Support Loan Types
Support Varied Loan Types

Are you stuck with a monolithic system that supports only EMI Loans? Integrate various loan types like Equal Principal, Bullets, Moratorium loans & other customizations.

Bad Asset Bucketing
Automate Bad Asset Bucketing

Automatic computation of days past due and bucketing across different segments from M0 to M6 and beyond. System based computation of NPA and Sub-standard asset provisioning.

Straight Through Capabilities
Straight Through Capabilities

We empower organizations to integrate feed from Payment Gateways directly into LMS and provide real-time updates on Collections status and more.

Key Events Handling

Rigour LMS offers unmatched capability to handle unique events during the life of the loan.

  • Foreclosure events
  • Early Prepayment event
  • Delayed Payment event
  • Post Loan Schedule payment
  • Loan Re-scheduling event
  • Loan Settlement event
  • Interest Reversal after 90 DPD
  • Delinquency Events
  • Loan Closure event
  • Principal moratorium events
  • Collections after Closure event

Operations Automation

Automate repetitive activities and get hassle-free updation of loan records and real-time insight into portfolio health.

  • Daily Updation of Account-wise Closing balance
  • Automatic late-fees Charging
  • Real-time Portfolio-wise dashboards
  • Bulk SMS and Email sending
  • EMI intimation before due date
  • Unpaid EMI intimation
  • Automatic Bucket-wise Message classification
  • Other Message templates
  • SMS and Email History log
  • Reports as per Use case