NBFCs and lenders
A loan book that ties to your ledger.
Enquiries, applications, KFS, schedules, SMA and NPA classes and collections, posting to the same books.
- Unlimited users
- Pay only for the modules you use
- Core ready in 1–2 weeks
- Customised to your requirements
In short
For a small NBFC or lender, MyRecords runs the loan book: enquiries, applications with FOIR, LTV and EMI worked out, a bureau tab to record the credit check, the Key Facts Statement and sanction letter, disbursement, repayment schedules and collections. A loans board groups loans by RBI class — Standard, SMA-0, SMA-1, SMA-2 and NPA — using your own days-past-due ranges, and interest accrual posts to the ledger.
Before and after
What gets easier.
The same jobs, done once, on one set of books.
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Today: The loan sheet and the books never agree on what is outstanding.
With MyRecords: Disbursements, repayments and interest accrual post to the ledger from the loan, so the book and the books match.
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Today: A loan’s slip into SMA-2 shows up only at month-end.
With MyRecords: The loans board sorts every loan by RBI class from your days-past-due ranges, and the Lending home shows portfolio at risk and NPA as on any date.
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Today: Every KFS is typed by hand in Word, and the borrower cannot read English.
With MyRecords: The KFS and sanction letter print from the application, and the KFS comes in 12 Indian languages under the English.
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Today: The same borrower applies twice at two branches, and nobody notices.
With MyRecords: A duplicate-borrower banner on the application flags the same phone, e-mail, CKYC number or name before you approve.
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Today: The co-lending partner wants a statement, and it is built by hand in Excel.
With MyRecords: The co-lending book shows each partner's share of principal outstanding and gives a payout statement by date as CSV.
6 steps
A day with MyRecords.
One record moves through every step, so nobody types it twice.
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Take the application
Log the enquiry, then convert it, or record the borrower, product, amount and tenure directly. Applications move across a board by stage, and duplicate borrowers are flagged.
Lending -
Appraise it
The Ratios & bureau tab works out FOIR, LTV and EMI and records the bureau name, score, report and the borrower's consent with its time.
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Sanction and disclose
Print or e-mail the Key Facts Statement and print the sanction letter. The KFS can carry one of 12 Indian languages under the English, translated by AI.
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Disburse
Pay out the loan, in full or in tranches. The repayment schedule is built from the actual start date, and its principal adds up to the amount lent.
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Collect and classify
Record repayments one by one or from a bank file, follow overdue loans on the Collections page, and watch each loan move between Standard, SMA and NPA on the board.
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Close the month
Interest accrual, dues and repayments are already in the ledger. Loan interest receivable shows apart from trade debtors.
Accounting
6 modules
The modules to switch on.
Most businesses like this start here. Every module shares one set of books, one login and one list of customers and items.
- Lending A loan book for NBFCs and lenders, tied to your ledger.
- Accounting Ledgers, bank reconciliation and financial statements, in your currency.
- Analytics Dashboards and a no-code query builder over your records.
- HR Attendance, leave, expenses, hiring and appraisals.
- Payroll A nine-step pay run; India’s PF, ESI, PT and TDS built in.
- Support Tickets with SLA timers, a customer portal and a help centre.
Add any time, on the same books
Honest fit
When it is not the right fit.
We would rather say so now than after you have paid.
Compare the options fairly- If you need a core banking system for deposits, branches and high daily volumes, MyRecords is not one; it is a loan book and books for a small lender.
- If you need RBI regulatory returns prepared by the software, it does not prepare them; your compliance team files them from its reports.
- If you need a live pull from a credit bureau, that is not built; you record the bureau's result on the application.
- If you only give salary advances to your own staff, you may not need Lending at all; ask us during the demo.
Questions
Questions people ask
Something else on your mind?
Ask us anything about modules, a quote or moving across. A person from our team replies.
Ask a question01Does it classify loans as SMA and NPA?
Yes. The loans board groups loans by RBI asset class (Standard, SMA-0, SMA-1, SMA-2, NPA). You set the days-past-due ranges for each company, and when one loan turns NPA the borrower's other running loans follow.
02Does it pull bureau reports automatically?
No. The bureau tab records the bureau name, score, the report file and the borrower's consent with its time. You run the check with your bureau as you do today.
03Which documents does it produce?
The sanction letter and the Key Facts Statement as PDFs, plus repayment receipts, loan statements and a portfolio summary. The KFS can be shown in Hindi, Bengali, Marathi, Telugu, Tamil, Gujarati, Kannada, Malayalam, Odia, Punjabi, Assamese and Urdu, translated by AI under the English text.
04Does it handle pledges and security?
Yes. Each loan has a Security tab for pledges, deposits, shortfalls and releases, and a nightly run checks security shortfalls.
05Can I restructure a loan?
Yes. Restructure is an action on the loan page; it creates a draft restructure for you to check and submit. The same page applies charges, issues refunds, writes off and adds collection notes with a promise-to-pay date.
06Do loan entries reach the books?
Yes. Disbursements, interest accrual, dues and repayments post to the ledger. Loan interest receivable is shown apart from trade debtors.
07What does Lending cost?
Lending is quoted on its own, for your size, and Loan applications is a module you add to it. Add the ERP core for full books. Then cloud monthly or an AMC yearly, with unlimited users. Get a quote.
08Where is our data kept?
On your own dedicated system — on your server, or on MyRecords Cloud with servers in India. See hosting.
Last updated
Next step
See it on your own numbers.
A live demo on our sample company, shaped to your kind of work, with your questions answered. Or ask us for a quote first.
Live demo
Book a walk-through
- On our sample company, for your kind of work
- A quote for the modules you need
- Your questions, answered by our team