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Interest Free Loan Software

Interest Free Loan Software Management

We thought how to automate the process as much as possible. So we can save you time as much as possible. When a record is created for an individual, at the same time a Loan and Voucher records are created. The Loan Number is generated as sequential number.

The loan record displays the data as a dash board and it shows the loan's status in real time whenever changes have occurred.

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When the loan is fully paid you can close it or archived it later on. If you change your mind later on you can de-archive it and open it when is needed. Any change you do is color coded.

As shown in the below image you can basically have a global view on the individual record from top to bottom. Easily assign the Loan status based on the current situation. It could be Active, Charged Off or Closed and many more.

The following are some the loan's data that can be seen in real time:

  • Deferred to Date - Can postponed payment to a later date
  • Unlimited Notes
  • Total Disbursed amount
  • Displays number of disbursements
  • Last disbursement date
  • Loan amount left
  • Last receipt date
  • Total receipts amount
  • Show number of receipts
  • Loan opened or closed
  • Loan Status - Could be active , cancelled , closed, delinquent etc..

It will track down deferred payments and you can assign any date as deferred to date. There are different reports that can provide you full detail of which individual is paid on time or delinquent. The loan record 5331 as shown in the below screen shot provides the info in real time when transaction has performed either for the Receivables or the Vouchers (payables).

A voucher is added when a loan payment is issued. After a student payment is approved, than a check could be printed directly from the interest free loan software management. There is no need to go to any other accounting software to print a check. All is done in house within the No Interest Loan management software.

A voucher is added when you need to issue a loan payment. When the payment is approved, a check could be printed directly from the interest free loan software. There is no need to go to any other accounting software to print a check. All is done in house within the No Interest Loan management software.

When you track down any status of each loan, you actually can make a decision of how to pursue further with each individual. When clicking the left icon near the loan amount you can zoom right into the loan record. See the loan form below.

Call us now for more info at: 732-536-4765

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