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Also serving Madras
Chennai is home to vehicle financiers, gold-loan counters and small NBFCs by the score; loan software must compute every schedule correctly and show every overdue account daily.
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Chennai has long been a financing town. Commercial-vehicle and two-wheeler finance grew up here beside the auto industry, and the city's NBFCs, nidhis, chit-linked lenders and microfinance firms serve borrowers across Tamil Nadu from offices on Anna Salai, in Mylapore and in T. Nagar. Many of the smaller ones still run on a legacy package with Excel on the side, and only one person understands the macros.
Our loan and lending management software is built on ERPNext. It covers loan products with their interest methods, charges and moratoriums, origination with KYC documents and approval workflow, disbursal posted to the ledger, EMI schedules with part-payment and foreclosure, automated interest and penalty accrual, collateral tracking, mobile field collections with geo-tagging, and NPA classification with ageing and provisioning reports. Accounts are part of the same system, so there is no nightly transfer between loan book and general ledger.
When loans run in one package and accounts in another, the principal outstanding in each rarely matches, and the accountant spends days each quarter explaining the difference. With disbursals, receipts and accruals posting directly to the ledger, the two are one figure.
Field executives collecting across Madras and the surrounding districts write receipts by hand and deposit the next day. A mobile collection app records the payment at the borrower's door with location and time, sends an acknowledgement, and updates the overdue list before the evening review.
Small lenders often prepare ageing and provisioning statements only when an auditor or regulator asks. Daily classification by days past due, with provisioning computed by rule, means the statement is a report to run, not a project to staff.
Banking & financial services
NBFCs, nidhi companies and microfinance institutions running secured and unsecured products, with branch-wise portfolios, credit-approval limits, co-borrower and guarantor records, and regulator-ready statements produced from the live book.
Automotive & auto components
Vehicle and equipment finance linked to dealers: asset details and registration recorded as collateral, dealer payouts, insurance renewal reminders, repossession tracking, and schedules that handle the uneven cash flows of transport operators.
Retail & FMCG
Gold-loan counters and consumer-durable finance offered through showrooms, with pledged-item records, valuation and release, quick origination at the counter, and distributor or trade credit managed as a loan product with interest and limits.
Lending systems carry live money, so migration is the heart of the project. We take your loan master and transaction history, rebuild each schedule in ERPNext and reconcile outstanding balances loan by loan, working remotely from Kochi. We visit Chennai to map products and approval rules at the start, and again to train branch and collection staff before cutover.
Case studies
Indus Motor Company Private Limited
Indus Motor — ERPNext Cut Stock-Outs 40% Across Showrooms
Kera Cabs
Kera Cabs — 55% of Bookings Moved Off the Phone and Into the App
BrahMos Aerospace Thiruvananthapuram Ltd (BATL)
BrahMos (BATL) — Secure, Auditable ERPNext Finance & Procurement
Yes. Interest methods, repayment frequency, moratorium and balloon payments are defined on the loan product, and schedules regenerate on part-payment or restructuring. Unusual products used by Chennai vehicle financiers can be added through customisation.
It provides the loan accounting, audit trail, NPA classification and reports that regulated lenders need, and it can be extended for specific returns. Compliance remains the lender's responsibility, and we work with your compliance officer to map each requirement.
Through role-based access, field-level permissions on sensitive data, full audit logs, encrypted connections and hosting in Indian data centres if required. KYC documents are stored against the borrower with access limited to authorised roles.
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Kochi (Kadavanthra & Infopark) · Thiruvananthapuram · across India & overseas · In business since 2011