Loan management software for NBFCs in India
Vasool is the operating system a lender grows with. The same platform that runs a one-route money lender scales to a multi-branch NBFC — because every capability is a per-tenant toggle. Maker-checker approvals, immutable audit trails, row-level data scoping, a KYC document vault, AI-assisted credit appraisal and DPD tracking come standard, on a database that is yours alone.
NBFC-relevant capability, from day one
These aren't features on a roadmap — they run in Vasool today, reframed in the vocabulary a finance company and its auditors actually use.
Speak the routine, approve the consequential
Officers dictate collections in Tamil, Telugu, Hindi, Malayalam, Kannada and English and Vasool writes a structured record — borrower, amount, channel — not an audio clip. The records that carry real consequence go the other way: gate them per role and they wait in the approvals inbox until an owner or manager decides, with both outcomes on the audit trail.
Money out, spoken the same way
Expenses are dictated like collections — "Petrol 200" — and land in the income and expense ledger with a receipt photo attached. Both sides of the round are captured where they happen, so the day book closes against real cash rather than a number reconstructed from memory.
The route is the unit of the day
Plan daily and weekly routes, assign them to officers, and track completion as it happens with live GPS and a location history behind it. Every collection and expense is tagged to the route it came from, which is what makes end-of-day cash settlement a reconciliation rather than an argument.
Reports that close the day and the month
A day book per route, officer performance with collection efficiency and expense breakdown, collection summaries, overdue and DPD ageing, cash flow by account and profit and loss — each exportable as PDF or CSV, and answerable by voice when you would rather ask than navigate.
Immutable audit trail
Every edit, approval and closure is written to an audit log with full entity history, so you can reconstruct exactly what changed, when, and by whom — the evidentiary backbone examiners expect.
Maker-checker approvals
Staff creates, edits and deletes can be held for approval instead of taking effect immediately. The request is queued with its full payload, an owner or assigned manager approves or rejects it, and only then does it apply — with the decision on the audit record.
Need-to-know data scoping
Row-level scoping per resource: a role defaults to View Own and is granted View All only where you tick it. A branch manager can see every customer but only their own loans — your book is never fully exposed to a field device.
Account-level cash reconciliation
Register your UPI IDs and bank accounts, tag every collection, disbursement and expense to one, and pull a date-ranged cash-flow-by-account report — so book entries reconcile against bank statements.
KYC document vault
Capture and store Aadhaar, PAN, voter ID, ration card and utility bills against each borrower, so onboarding documents live in one auditable place instead of a drawer.
Your own isolated database
Each tenant gets a dedicated, isolated PostgreSQL database, with the option to self-host — a clean data-governance, residency and ownership story for a regulated lender.
AI-assisted credit appraisal
The loan-eligibility engine returns a risk score from 0 to 100 with an approve, review or reject call and a suggested limit — a consistent, documented first pass on every application.
Overdue & DPD tracking
Days-past-due and overdue intensity are tracked per loan — the raw material you need to build NPA and SMA bucketing and watch your portfolio quality tighten.
Capital & borrowings ledger
The financier and investor module records partner capital and owner borrowings — the funding and liability side of the book, giving you a working asset-liability view.
How an NBFC runs on Vasool
Onboard with KYC
Capture borrower KYC — Aadhaar, PAN, voter ID and more — into the document vault, with role-based access controlling who can see and edit what.
Appraise & sanction
Run the application through AI-assisted credit appraisal for a risk score and suggested limit. With maker-checker on, the officer's sanction waits in an approvals inbox until a manager signs off — with a full audit record either way.
Disburse & collect
Run any loan product — daily, weekly, monthly, EMI, interest-only, gold or product-based — with PDF receipts, closure cards and field collection.
Monitor & report
Watch DPD and overdue intensity, track capital and borrowings, and pull P&L, day book, portfolio and officer reports as the book grows.
Capabilities that already speak the regulator's language
An NBFC doesn't need a different product from a neighbourhood lender — it needs the same lending engine with more of the controls switched on. Vasool is built that way. Because features are per-tenant toggles, the platform that runs a single route also runs a multi-branch finance company, and you turn on what your stage and licence demand.
The foundations regulators care about are already here: an immutable audit trail with entity history on every change, a KYC document vault, a maker-checker approval workflow that holds staff actions until an owner or manager signs off, row-level data scoping that keeps a role to the customers and loans it should see, and per-tenant isolated PostgreSQL with self-hosting for data ownership. On top of that sits AI-assisted credit appraisal, DPD and overdue tracking, account-level cash reconciliation, and a capital-and-borrowings ledger for the funding side of the book. It covers every loan product too — daily, weekly, monthly, EMI, interest-only, gold and more, plus chit funds and savings schemes.
The result is a portfolio you can actually see: P&L, day book, officer and collection reports, and portfolio views that let you run a growing book with discipline rather than spreadsheets. See how that stacks up on the comparison page.
The compliance layer: what we support, what's on the roadmap
We'll be straight with you, because you're a regulated buyer and honesty is the whole point. Vasool is software your NBFC operates — it is not RBI-registered, and it does not grant you regulatory certification or guarantee compliance. What it does is give you the operating platform and the evidence trail to help you meet your obligations.
Full NBFC-grade compliance needs more than a good lending engine, and several of those pieces are on our roadmap or built on request rather than shipping today. That list includes NPA classification to RBI norms (SMA-0/1/2 and sub-standard, doubtful, loss) with provisioning; credit-bureau reporting and pulls (CIBIL, Equifax, Experian, CRIF); CKYC upload and download and AML screening; sanction letters, loan agreements and Key Fact Statement / APR disclosures; Fair Practices Code workflows like grievance redressal, cooling-off and foreclosure disclosure; statutory RBI returns and GST/TDS handling; extending maker-checker to collection and payment entries (it covers customers, loans, chits, gold sales, expenses, staff, roles and routes today); and the co-lending or business-correspondent model.
Because your data sits in a database you own and can self-host, and because features are toggles, these are additions we build with you rather than a rewrite. We'd rather tell you what's ready and what isn't up front than have you discover it in an audit.
A full day on the route, not just the collections
Software that records only repayments measures half a round. An officer working a route in India collects money and also spends it, and "Petrol 200" is exactly the kind of entry that never reaches the book when it is scribbled on a slip and typed up that evening — which is when the cash bag stops matching. Vasool takes both by voice: the collection at the doorstep, the expense at the moment it is incurred, each with a photo where the evidence matters.
Everything attaches to the route. Routes are planned and assigned ahead of the day, officers navigate them with GPS, completion is tracked as it happens, and a location history shows where staff actually went. Because each collection and expense carries its route, the day book is per route and end-of-day settlement compares one officer's cash against one officer's recorded movements — not against a pooled total nobody can decompose.
What comes out of that is reporting you can act on: officer performance with collection efficiency, attendance and expense breakdown; overdue and DPD ageing; cash flow by account; and profit and loss for the period, exportable as PDF or CSV. The voice approval workflow page shows how capture, control and reporting fit together across every market.
What NBFC-grade loan software needs
When you evaluate a loan management system for an NBFC, look for:
- An immutable audit trail and full entity history on every change
- A KYC document vault for Aadhaar, PAN and onboarding documents
- Data you own — an isolated database with a self-hosting option
- A maker-checker workflow that holds staff actions until a manager approves
- Row-level scoping so a role sees only the customers and loans it should
- Credit appraisal and a documented approve / review / reject decision
- DPD and overdue tracking as the basis for NPA and SMA bucketing
- A capital and borrowings ledger for the funding side of the book
- A clear roadmap for bureau reporting, NPA norms and RBI disclosures