Finserve VFS Details
FinServeVFS is a basically design and development on Tally.ERP9/Prime for small and medium level enterprises who provide vehicle loan (Car Loan, Two Wheeler Loan, Three Wheeler loan, Heavy Vehicle Loan etc ) to their customers.
Advantage of FinServeVFS:
- Quick and comprehensive assessment of borrowers.
- Auto interest calculation- Flat Rate/ Reducing Balance with Fixed EMI/IRR Calculation Method.
- Generate loan disbursement automatically.
- Penalty option is available on overdue days.
- Simple and easy installment receipts. Easy steps to Re-arrange and Top Up on loan Foreclosure option is available for prior installment collection.
- Insurance Management.
- Many types of reports are available to find the borrower's current outstandings, company portfolio, total disbursement, total recovery, risk percentage, CIBIL etc.