Perdix Loan Management System helps in automating the loan transactions and lending process workflow from booking, disbursements to collections. LMS supports different loan products like Term loans, Overdrafts, Working Capital, Line of Credit and Merchant Cash Advance.
Financial Institutions can define their own products and can configure various aspects of a loan product like Product type (Equated, OD, Bullet), interest rates, tenures, repayment frequency, interest computation method, holiday handling, demand offset sequence, etc.
Perdix offers flexible workflow for different stages. Financial Institutions can define workflow as per their requirement for processes such as Loan Booking, Disbursement, Repayment, Collections and Monitoring.
Maker-Checker functionality can be configured for any workflow stage to provide better control in Loan Management.
Perdix LMS offers API based integrations to integrate Perdix with external systems like Banks, Payment Engines, Credit Bureaus, Collections Platforms, Messaging Services, etc.
To support products with flexible repayment amounts, Perdix LMS offers functionality to define flexible repayment schedules.
LMS has an integrated GL module for loan accounting and also provides integrations to external accounting systems such as Tally, SAP and Oracle. Perdix LMS supports different types of loan payments like NACH, E-NACH, PDC, Wallet and Cash.
Perdix provides user friendly configuration for Moratorium definition as per the requirement of the Financial Institution.