NBFC or Non-Banking Financial Companies are financial institutes that provide banking services without meeting the legal definition of a bank. The area of NBFC includes managing portfolios of loan management systems, stocks and shares, credit and loan facilities, monthly statements, installment deposit system, late fee and penalty calculations in case of defaulters, accounting details, payment history, and many other things. NBFC software is easy to use, easily understood, and integrated into business activity.
NBFC is a user-friendly software solution used for recording transactions related to the collection of repayment of loans and many other things that can be integrated with handheld devices as an advanced tool for the Microfinance business community.
NBFC software is available online (on many websites) also, price is starting from 25000 to 55000 rs. We can see its demo or trial also for our further use. This NBFC software will be valid for one year only. And we can run /Download it on windows.
Cost Depending Factors for NBFC Software:
- Software Functionality: The features and functionalities of software will impact its costing. A best functionality based on user requirement may increase the costing of the software. Here Genius Technology provides customized solutions that cater to each client’s specific needs.
- Software Integration: Integration of Software to Business Portal may impact the costing of NBFC software because Integration requires additional development and customization work, which may increase the overall cost.
- Implementation and customization: The implementation and customization an NBFC software may also increase the costing of overall software, because customization depends on the complexity of the client’s operations to meet their specific needs. Genius Technology offers a range of implementation and customization services, which are priced based on the scope of work required.
- Licensing: Licensing is also a critical factor that influences the cost of NBFC software. Genius Technology offers various licensing options that cater to the specific needs of each client, including perpetual licenses, subscription-based licenses, and pay-per-use licenses.
- Support and maintenance: The level of support and maintenance required by the client also impacts the cost of NBFC software solutions. Genius Technology offers a range of support and maintenance services to ensure the smooth running of our software solutions, which are priced based on the level of support required.
Features of NBFC software-
Non-Banking Financial Companies (NBFCs) provide various financial services, including lending and borrowing, to individuals and businesses. NBFC software is designed to help NBFCs manage and streamline their operations, including loan origination, underwriting, servicing, and collections. Some common features of NBFC software include:
- Loan management system
- Completely web-based, and IT support
- Easy NBFC system
- Expert team of professionals
- Penalty/ late fee calculation
- Importance reports for NBFC software
- Easy installment deposit and many
- Installment deposit
- Policy allotment
- Upcoming due installment
- Loan payment
- Monthly statement
- Not time-consuming
FAQs
A non-banking financial company would utilize NBFC software to analyze data related to loans.
The main purpose for having Non-bank financial company (NBFC) software is loans.
One of the advantages of using such software is improved loan management and performance.
Usually, this form of software requires self-identification (Aadhaar card) and KYC documentation.
Generally, all types of loans would be provided by an NBFC. This would include gold loans, personal finance, and other types of loans.
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