The very Best Microfinance software solutions are curated here on this list. Choose the one you like to start your microfinance business easily.
BitInvest Microfinance software solutions (Check HERE)
BitInvest is one of the best microfinance software solutions available in the market, power-packed with unique intuitive features, this microfinance software solution is a crowd favourite.
BitInvest is enables P2P lending and borrowing on the system, both the lenders and borrowers have a separate portal to make the platform easier to use. Both the lender and borrower panels are well designed and efficient Borrowers can choose from a range of tenures and interest rates to opt for.
Lenders will have to pick out a tenure from the options on their dashboard so that they get the returns the site promises. The system has a powerful admin panel that allows the admin to set up and manage various aspects of the site such as tenure periods, interest rates for both lenders and borrowers, easy know your customer (KYC) module, SMS sending panel, messaging to an individual user, reporting and analytics, due payment reminder etc.
SignalLoans Microfinance software solutions (Check Here)
SignalLoans is one of the best microfinance software solutions that we couldn’t overlook. The comprehensive SIP calculator on the script is quite good and has all the features necessary to start your microfinance business.
The software has a clean UI, account opening and closing flow, loan configuration, easy disbursement process, automatic penalties calculation, savings management, loan management, guarantor detail capturing, loan schedule generation, loan rescheduling, savings account, client flagging, analytics, and reporting are some of the features.
There are some power up add-ons that you can purchase to enhance the software or you if you know how to hire a microfinance app developer, then go ahead and customize the software to your liking.
Nishue microfinance software solutions (Check Here)
Next up on our list of best microfinance software solutions, Nishue Microfinance software takes the third spot.
Their software has features such as loan origination system which accelerates the loan approval process, loan management system, payment due reminder, customizable loan tenure, SMS notification, email notification, bulk collection sheet entry, accounting management system, cash, and accrual accounting module, enhanced reports and analytics, fraud prevention systems.
Nishue’s system is built for a customer-friendly experience and the UI is clean and your users won’t have much trouble navigating through the platform’s pages. The software can even be extended later on to build more new features with the help of the API endpoints.
Loan Management System (LMS) microfinance software solutions (Check Here)
Our fourth entry on the best microfinance software solutions list is LMS Microfinance software. There has been a lot of thinking that has gone into this product. All the features are designed in such a way that it’s easy to use by anyone, yet the lending system is powerful.
According to the makers of the software by using this script you can reduce costs, improve your loan disbursement decision and disbursement rate efficiently, over time increase the profitability. The software supports role-based user creation, sub-admin, account manager, field assistant and user, EMI calculation, scheduling and collection, online loan application, know your customer (KYC) for a smoother onboarding process.
The software comes with complete documentation on how to set up the software and how to use it. Mobile apps aren’t part of the standard package, you could build one using the robust APIs available through the platform.
Binvest microfinance software solutions ( Check Here)
Our fifth choice on the list of best microfinance software solutions is Binvest, a newer entrant that receives a new feature frequently.
Built on PHP, MySql, and other web technologies, this microfinance software comes with a powerful admin panel that allows the admin to control the site granularly and disburse loans efficiently.
The key aspects of the site are effortless onboarding user journey and the simplicity with which the user can apply for a loan through the platform. Websoftex has a very customer friendly team that helps its customers set up the software in case they face any issues while installing. The script is also well documented.