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Also serving Palghat
Crop loans for paddy farmers, vehicle finance for transporters and gold-backed advances keep Palakkad's economy turning; lenders need software that tracks every rupee from sanction to closure.
Trusted by 200+ organisations across India & overseas — including
Credit in Palakkad follows the crop calendar and the highway. Farmers borrow before sowing and repay after harvest. Lorry owners finance vehicles and repay from freight. Traders and small manufacturers lean on local finance companies, nidhis and co-operative societies between bank limits. Many of these lenders still work from ledgers, or from old software that prints a passbook and little else, while their loan books have grown well beyond what that can safely carry.
Our lending solution runs on ERPNext with the Frappe Lending app. It covers loan products with their own interest and repayment rules, applications and KYC, sanction workflows, disbursal, repayment schedules, interest and penalty accrual, collateral records, field collections through a mobile app and NPA reporting. Every transaction posts to the general ledger at once, so the loan book and the accounts cannot drift apart. It suits NBFCs, nidhi companies, co-operative societies and employers running staff loan schemes.
A standard monthly EMI does not suit a paddy farmer whose income arrives twice a year. Forcing it creates artificial overdues. Loan products can be configured with seasonal or bullet repayment, moratorium periods and interest calculated accordingly, so the schedule reflects how the borrower really earns.
Field staff collect instalments in villages around Alathur or Mannarkkad, write a receipt and deposit the cash later. Gaps in between are where trouble starts. A collection app records each payment on the spot with location and time, sends the borrower a message and shows the branch what is due in from each agent.
When ageing is prepared quarterly by hand, an account is deep in arrears before anyone acts. Automated accrual and daily overdue classification produce a follow-up list every morning, and management sees portfolio quality by product, branch and officer.
Paddy and agriculture
Crop and farm equipment loans with season-linked schedules, member-wise exposure for societies, interest subvention tracking where schemes apply, and recovery linked to procurement payments where the lender also buys the crop.
Logistics and warehousing
Vehicle and equipment finance for lorry and fleet owners with hypothecation records, insurance and permit tracking on the asset, and repayment reminders aligned with freight cycles.
Rice milling and agro-processing
Working capital advances to mills and traders against stock or receivables, pledge records for stored paddy, and staff loan schemes recovered through payroll for larger units.
Lending software touches regulated money, so we begin with your policies: products, rates, approval limits and provisioning rules, reviewed with your management in Palakkad. Existing loans are migrated with balances reconciled account by account. Branch and field staff are trained in person, and we come from Kochi for the go-live. Afterwards a support contract covers rule changes, new products and month-end queries.
Case studies
EVM Wheels (part of the EVM Group)
EVM Wheels — 70% of Self-Drive Rentals Now Book Themselves Through the App
Dumas Bakes N Meals Private Limited
Dumas Bakes N Meals — ERPNext Lifted On-Time Deliveries by Over 40%
Kerala State Road Transport Corporation (KSRTC)
KSRTC — ERPNext Courier System Delivered ₹1 Crore in Profit
Yes, provided the intention is to run lending in a disciplined way. The system scales down well: a single branch with a handful of products is a straightforward setup. Because ERPNext is open source there is no per-user licence fee, which matters to a small institution adding staff.
Collateral records can hold ornament details, weight, purity and valuation against each loan, with release on closure. Rate-linked limits and auction workflows are configured to your policy. If you need integration with a weighing scale or a packet storage register, that is added as customisation.
A borrower portal or a WhatsApp statement can show outstanding balance, next due date and payment history. For rural borrowers in Palghat who prefer a phone call, the same information is available to your staff on one screen, so every enquiry gets the same answer.
Get a clear plan, an honest timeline, and a fixed scope. Talk to a real expert today — whether or not you work with us.
or write to info@acube.co
Kochi (Kadavanthra & Infopark) · Thiruvananthapuram · across India & overseas · In business since 2011