Monthly finance app for EMI & interest collections
Monthly interest books, EMI with foreclosure, semi-monthly lines, salary-day collections — monthly finance is where interest math gets serious. Vasool calculates every rupee of it automatically and tracks each month's due to the day.
Built for the monthly book
Long terms, larger amounts, compounding stakes — monthly finance rewards precision.
Monthly interest, automated
Interest-only loans where the borrower pays vatti monthly and principal at the end — calculated by the app, not on paper.
EMI with foreclosure
Structured EMIs with tenure controls and proper foreclosure handling when a borrower closes early.
Semi-monthly & salary-day
Collections timed to the 1st and 15th, or whatever dates your borrowers get paid — the schedule follows the salary.
Gold loans included
Monthly interest on gold loans with live gold-rate fetching — pledge value and interest tracked together.
Statements & receipts
Monthly PDF receipts and full account statements a borrower can verify — fewer interest disputes.
Month-end in minutes
Interest earned, principal outstanding, overdue accounts, and P&L — month-end reporting without a spreadsheet.
A month on Vasool
Set the terms
Principal, monthly rate or EMI, tenure, and due date — Vasool computes the full repayment picture.
Collect on due dates
Agents see the month's due list; borrowers pay cash or UPI and get a PDF receipt instantly.
Track every account
Paid, partial, and overdue accounts separate themselves on the dashboard in real time.
Close the month
Interest earned, collections vs. due, and overdue aging — the month-end report is already done.
Why interest math should never live in a notebook
Monthly lending runs on percentages: 2% monthly interest, part-payments that change the principal mid-month, EMIs that split differently between interest and principal every single month. Hand-calculated, these numbers drift — and every drift is either lost income or a borrower dispute.
Vasool computes interest the same way every time, shows the working to both sides, and keeps an audit log of every change. When a borrower questions a balance, you settle it by showing the statement, not by arguing over a register.
See every supported structure — EMI, interest-only, gold, and more — on the loan types page.
Monthly doesn't mean once-a-month attention
The risk in monthly finance is the silence between due dates. An account that misses one month quietly becomes an account that misses three. Vasool's overdue tracking ages every unpaid account from day one past due, so follow-up starts in the first week — not at the next due date.
And if your business also runs daily or weekly lines alongside the monthly book, all of it lives in one Vasool account with one dashboard.
What a monthly finance app must handle
Test any monthly finance software against these:
- Interest-only loans with monthly vatti and principal at term end
- EMI schedules with correct interest/principal split each month
- Foreclosure with accurate early-closure calculation
- Semi-monthly and salary-day collection dates
- Part-payments that recalculate interest correctly
- Gold loan interest with live gold-rate reference
- Overdue aging from the first missed day
- Borrower-verifiable statements and PDF receipts