Lending Software Development

Maximize your app’s potential with our custom loan software development services. Build solutions focused on business goals and user satisfaction.

.Our Expertise

Whatever your lending software requirements, Website Wale offers technical solutions. Explore our capabilities below.

Loan Origination

Develop loan origination software to automate and manage the process of creating loan agreements. Customize the system to fit the needs of different lenders and borrowers, considering loan types, lending criteria, and regulatory requirements.

Application Processing
Credit Assessment
Underwriting
Document Preparation
Funding

Loan Servicing

Create software to handle loan administration tasks post-origination. Automate billing, payment processing, customer service, and compliance for efficient loan servicing.

Payment Processing
Escrow Management
Customer Service
Reporting
Compliance Management

Collections Management

Develop lending software with features for customer data management, automated payment reminders, delinquency tracking, and workflows for collections. Provide actionable analytics for better operational decisions.

Cataloging
Database Management
Image Management
Loan Tracking
Reporting

Credit Scoring Software

Create credit scoring software using machine learning and financial data analysis. Pull data from credit bureaus, banks, and institutions to predict creditworthiness accurately.

Data Collection
Machine Learning Models
Data Transformation
Information Analysis
Creditworthiness Prediction

Fraud Detection

Develop tools to detect and prevent fraud, including financial fraud and identity theft. Utilize machine learning and continuous monitoring to ensure security.

Data Preprocessing
Machine Learning Models
Information Analysis
Fraudulent Activity Prediction
Risk Management

Portfolio Management

Build software for lenders to manage loan portfolios effectively. Integrate features to streamline lending operations, assess risks, and track performance.

Loan Origination
Portfolio Collection
Payment Management
Risk Assessment
Performance Tracking

Interest Rate Calculation

Design software to calculate loan interest rates accurately, supporting better financial operations and precise tracking.

Amortization
Interest Calculation
Payment Tracking
Reporting
Data Analysis

.Process

Beyond the standard SDLC process, we focus on every critical aspect of Lending Software Development. Explore the details closely.

Validate

Clarify project ideas. | Define project requirements. | Ensure compliance with industry regulations. | Provide a rough project estimate.

Plan

Design

Analyze competitor solutions. | Develop a visual concept. | Prepare a comprehensive brand guide. |

Develop and Test

Build the app architecture. | Integrate necessary features. | Identify and fix bugs. | Ensure the app meets all defined requirements.

Assess Security

Verify app compliance with standards. | Test multi-factor authentication. | Perform penetration testing. | Assess data protection measures.

Deploy And Maintain

Publish the app. | Ensure software delivery is seamless. | Provide ongoing product support. | Continuously improve the software. |

.Technologies

.The Basic Stack

Loan Application

Allow users to easily apply for a loan by entering their personal and financial details. Provide a simple form with the option to upload necessary documents like bank statements.

Credit Scoring

Assess the user's creditworthiness by reviewing their credit score and financial history. Analyze reports to ensure the applicant has the ability to repay the loan.

Loan Calculator

Help users estimate the loan amount they can borrow and the interest rate they’ll be charged. Display the maximum amount they can receive without needing additional approvals.

Loan Repayment Schedule

Provide a detailed payment schedule with amounts and due dates for each installment. Set up reminders for users to notify them of upcoming payments, whether on a monthly or weekly basis.

Payment Options

Offer multiple payment methods such as bank transfers, credit cards, and eWallets. Enable automatic monthly payments through the selected method.

Loan Management

Help users manage their loan by tracking payments and updating their personal information. Provide an option to request changes to loan terms if necessary.

Loan Tracking

Allow users to track the status of their loan application and receive updates on its progress. Send automated emails to inform them about successful payments and payment schedules.

Referral Program

Enable customers to refer friends and family to the loan app and earn rewards for successful referrals. Add a simple ‘Share’ button so users can quickly share the app link with others.

.Testimonials

We’re thrilled to share a glowing review from The Economic Society, SRCC, Delhi. Website Wale proudly designed and developed their website, delivering a seamless and impactful digital presence. Watch the testimonial video to see how we bring ideas to life for our valued clients.

Shri Ram College Of Commerce, Delhi

Laurel Savon, renowned for their authentic Aleppo soap, shares their positive experience with Website Wale. See how our web design and development services helped bring their dedication to tradition and authenticity to the digital world.

Founder Of Laurel Savon

.Trusted by 100+ Clients Who Inspire Us Every Day!

.Case Studies

Grocery.

Website Wale partnered with Khari Baoli Traders, a legacy brand from Old Delhi’s iconic spice market, to create a robust e-commerce platform. The new website brings their premium dry fruits and spices online, ensuring quality and heritage reach customers worldwide.

Technology Stack

Country

View Case Study

Grocery.

Technology Stack

Country

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Fintech.

We developed a user-friendly accounting software for Avir Enterprise, ensuring easy navigation, seamless data flow, and efficient performance. The solution simplifies financial management while delivering fast and reliable functionality tailored to their needs.

Technology Stack

Country

View Case Study

Logistics.

Website Wale partnered with InstaGo Logistics to develop a robust logistics software solution. The system ensures smooth navigation, fast data flow, and user-friendly features to streamline operations and enhance efficiency.

Technology Stack

Country

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IT Accessories.

Discover how we helped Q-Connect, a brand focused on high-quality yet affordable networking products and IT accessories, build a visually stunning and highly functional e-commerce website. By incorporating a creative UI design and seamless product showcase, we enhanced their online presence, reflecting their mission to deliver reliable connectivity solutions across India. Our tailored approach ensured the website aligns with Q-Connect’s brand values of innovation, quality, and affordability.

Technology Stack

Country

View Case Study

Autoparts.

Technology Stack

Country

View Case Study

Logistics.

Technology Stack

Country

View Case Study

IT Accessories.

Core Tech

Country

View Case Study

.Insights

Insights

The Ultimate Guide to Startup Strategies Across Industries

Starting a business is a challenging yet rewarding journey. Every industry has its own set of opportunities, risks, and strategies that determine the success of a startup. In this blog, we w

Startup

Insights

What Planning Should a Startup Have to Turn Its Tech into a Capable Product?

Startups often begin with a brilliant idea, but transforming that idea into a tangible, capable product requires a well-thought-out plan. Many startups fail, not because their ideas lack pot

Startup

.Questions

What are the features of lending software?

Loan software development includes a lot of features. Below we’ve listed the most popular:

Loan application
Credit scoring
Loan calculator
Loan repayment schedule
Payment option
Loan management
Loan tracking
Referral program

What are the features of a loan management system?

Loan management helps users manage their loans, including tracking payments. Loan management software development also allows for updating personal information and requesting changes to loan terms.

What are the 4 steps in the loan application process?

The process can vary, depending on the financial institution’s requirements. However, there are a few similar steps to create a new loan agreement between a lender and a borrower. Loan origination software development helps automate and streamline the loan origination process, customizing it to meet the specific needs of different lenders and borrowers, depending on various factors such as the type of loan, the lending criteria, and the regulatory requirements.

Application Processing
Credit Assessment
Underwriting
Document Preparation
Funding

How much does lending software development cost?

Lending software development cost depends on various factors – mostly on the app’s requirements and the development team’s location. Lending software developers need time to create each feature and add each integration. Additionally, you should also consider design and testing.

How long does it take to build lending software?

The lending software development time depends on the features and app complexity. It’s better to share your idea with an experienced development team to get a rough estimate of the time required to build your tax software solution.

Which tech stack can you offer for my lending app?

We follow a single-page application approach and RESTful services. Our key technologies are Angular, React, and Vue.js for front-end development; .NET, Node.js, and Java are used for back-end solutions. But each business is unique and if you need any custom solution, we’d be glad to discuss it with you.

Is the lending software scalable to accommodate business growth?

As a lending app software development company, we gear our production to be scalable from the very beginning. The software is capable of handling an increasing number of loans, users, and transactions without compromising on performance or security. The software architecture employs cloud-based solutions and modern database management systems that ensure high availability and scalability. This means as your customer base grows and your loan portfolio expands, the software can effortlessly scale up to meet the increased demand. We also continuously monitor system performance and conduct regular optimizations to ensure the software not only meets but anticipates your growing business needs.

How does the software handle loan repayment and collection?

The software features an advanced loan repayment and collection module. It automates the calculation of monthly installments, interest accruals, and penalty fees for late payments. The system can be configured to issue automated reminders via email or SMS prior to due dates, enhancing the timeliness of repayments. For collections, the software offers a comprehensive dashboard that displays real-time data on payment statuses, delinquency rates, and collection efforts. It also supports various payment gateways and methods, making it convenient for borrowers to make payments. In addition, the software can integrate with third-party collection agencies, providing them with necessary data while maintaining borrower privacy and compliance standards.

Do you offer the post-launch maintenance of a lending software?

Yes, we offer comprehensive post-launch maintenance services for our lending software. Our commitment extends beyond the initial deployment, ensuring that your software remains efficient, secure, and up-to-date. Our maintenance package includes:

Regular Software Updates: To keep your software current with the latest features, security enhancements, and regulatory compliance updates.
Dedicated Technical Support: Our experienced support team is available to assist with any technical queries or issues, ensuring minimal downtime and smooth operations.
Performance Monitoring: We continuously monitor your software’s performance to identify and rectify any potential issues, ensuring optimal functionality.
Data Backup and Recovery: Regular data backups and a robust disaster recovery strategy are in place to safeguard your critical financial data.
User Training and Resources: As the software evolves, we provide updated training and resources to help your team leverage new features and capabilities.
Compliance and Security Audits: We conduct regular audits to ensure that your software adheres to the latest financial regulations and maintains high security standards.
Scalability Support: Our software is designed to grow with your business, and we provide the necessary support to scale up your operations seamlessly as needed.

.Get In Touch

Connect with Website Wale to bring your ideas to life and build a strong foundation for future growth. Let’s collaborate and create impactful solutions together.