iGalax Loan Arrears system allows financial institutions to track and follow up on loan arrears. Banks / Financial Institutions can categorize pending loan arrears based on value, days, region and perform follow up actions to redeem the arrears. The system allows officers to open a arrear loan record, view details of the customer and update the system with details.
Key features of iGalax Loan Arrears Management
- Categorize most critical loan arrears
- Update loan records with follow up details
- Available as a tablet/mobile app for updation by field officers while out on the field
- Integration api’s for capturing data from Core Banking/Loan Management System
- Loan collateral details captured in the system
- Define reminders for future follow up action
Benefits
- System to focus on loan arrears
- Single screen view with all pending arrears
- Reminder notifications for prompt follow up
- Mobile access for updation in field
- Loan write off /status to be decided based on the notes updation