Term loan software for EMI-based loans

Lend a fixed amount and collect it in equal monthly instalments. The EMI is calculated for you, every due date is tracked, and pending instalments are one click away.

A term loan is a normal instalment loan. The customer borrows a fixed amount and repays it in equal monthly instalments over a set number of months. It suits vehicle, asset or business loans, where there is no gold pledge and the schedule is fixed from the start.

In 2Dot Loan Manager you enter the customer, principal, annual interest rate, number of months and asset type. The EMI is calculated with the standard reducing-balance formula, and a due date is set for each month from the loan date.

Running a term loan

• Create the loan: Enter the principal, rate, months and asset type. Attach asset photos and record the processing fee and the cash and UPI split of the payout.
• Collect EMIs: Pay one instalment or several in advance. Each payment is recorded against its instalment number and due date.
• Follow up: The pending EMI screen shows what is due or overdue, with an optional late penalty rate.
• Review collections: A paid EMI report shows collections for a date range or a customer.
• Close the loan: A closed loan leaves the active list and stays in Closed Term Loans.

Details that matter

• Reducing-balance EMI: The standard formula, so the EMI matches what a bank would calculate.
• Month-end safe dates: A loan dated the 31st does not skip a month.
• Advance payments: Pay several instalments at once and each is recorded against its own due date.
• Late penalty: Optional penalty rate on overdue instalments.
• Audit log: Edits and deletions are logged.
• Accounts: Term loans appear in the day book and profit report with everything else.

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Frequently asked questions

What is term loan software?

It creates fixed-schedule loans, calculates the EMI, tracks each instalment and reports pending and paid EMIs.

How is the EMI calculated?

With the standard reducing-balance formula from the principal, annual interest rate and number of months.

How is a term loan different from a pledge loan?

The repayment schedule is fixed up front. There is no gold, no interest-period calculation and no auction or closing-interest logic.

Can customers pay several EMIs in advance?

Yes. Each payment is recorded against its instalment number and due date.

Contact 2Dot Solutions in Karaikal