Widest coverage of
loan products
with 15+ loan Products Supported
MSME Business Loans (LAP)
- Co-applicants and guarantor management
- Linked loans
- Collateral dedupe
- CERSAI reporting
- Property details
- Valuation details and LTV
- PSL details
- Top-up loan on the same collateral
- NACH / PDC + SPDC management
- Dropline OD construct available
- Broken period computation
- Initial Money Deposit (IMD) management
- Charge deduction from disbursement amount
- Tranche disbursements
- Insurance Maintenance
- Split repayment between co-applicants
- Rich rescheduling capabilities
- Reversal/cancellation options
- Slab-based foreclosure / pre-closure charges
Customers using Synoriq LMS for MSME Business loans
- Finova Capital
- CSL Finance
- Criss Financials
- SMC Finance
- Choice Finserv
- LIFC
- PaisaBuddy
Vehicle Loans
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Flat interest rate to IRR conversion
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Drawing of repayment schedule as per IRR
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Both used and new vehicle handling
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Vehicle details capturing
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EV details capturing
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Hypothecation status update
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RC pending report
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Form 34 / Form 34 download
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Handling of advance EMI
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Handling of tranche payment
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Handling for quarterly / sem-annual repayment schedule for tractor loans
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Custom repayment option
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Trade advance management
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Multiple disbursement options
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Refinance option
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Repo and seize handling
Customers using Synoriq LMS for Vehicle Loans
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SPFC
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Deccan Finance
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Choice Finserv
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LIFC
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PaisaBuddy
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BlackBuck
Education Loans
Repayment schedule flexibility
- options for moratorium,
- step-up, step-down
- reduced EMIs for certain periods,
- interest only instalments for initial periods.
Effective Subvention Management
- Amortize the subvention schedule OR book it upfront
- Handle subvention as fee income/interest income
- Dual Repayment Schedule Views – from customer and accounting perspective
- Real-time IRR Visibility
- Advance-EMI (Downpayment)
- GST on Subvention fee based on Partner’s state.
- GST on PF is based on Customer’s state.
- Dynamic Partnership Configurations
- Parent level limit
- Tranche based disbursement – based on the education curriculum – semester wise disbursement
- Partner institute level subvention configurations
Customers using education loan LMS
- FlyHi Finance
Supply Chain Finance
- Handling of Invoices and Debit Note along with ERP ID
- Auto computes eligible amounts for financing as per the available limits
- Auto-disburse the amount through bank integrations
- Customer portal to download
- Statement of Account
- Interest calculations
- Virtual Accounts Numbers (VAN) for each dealer
- Auto-recon of VAN payments
- Limits configuration as Credit Lines in the LMS.
- Drawdowns interest configuration
- Interest upfront
- Interest monthly and principal as bullet
- Rear ended interest
- Drawdown entry in RPS
- Limit management
- Adhoc limits during season time
- 100% compliant with regulations – all the time
- GST and TDS management
- CIBIL reporting in ready format
- Cash collateral / hold-back amount handling
Customers on SCF LMS
- SG Finserve
Home Loans
- Separate disbursement and repayment account
- PDD management
- Cheque printing module
- Subsidy management
- Loan cancellation
- Tranche disbursement and PEMI
- Insurance management
- Floating rate review
- Balance transfer / top up handling
- Interest on Daily Reducing Balance
- NHB reports
- Charge configurations on foreclosure based on fixed / floating configuration
- Ability to redraw repayment schedule based on actual payment date
- Tiered interest rate – Fixed for initial 3 years, floating thereafter
- Fixed to floating and vice-versa conversion
Customers on Home Loans LMS
- Reliance Home Finance
Gold Loans
- Elaborate collateral management
- Gold rate maintenance caratwise
- Ornament masters
- Standard deduction configuration
- State level stamp duty
- Packet movement handling
- Daily LTV updation and breach alerts
- Auction management
- Pre-pledge/Post-pledge/Re-pledged Functionality
- Renewal option
- Part release functionality
- Tenure and Repayment frequency options – 10 days / 20 days / Monthly / Quarterly / Half-yearly / 9-monthly
- Rate jumper based on DPD
- Bundling with unsecured PL under common Cust ID
- GST report and invoicing
- Capturing of nominee
- Cash Disb charges, storage charges, closure charges at scheme level
- Grace period handling
Credit line on UPI
- Configurability for Innovative Loan Products
- Limit and sub-limit management:
- Automated limit enhancement with customer consent.
- On-demand limit increase or reduction.
- Provision for ad-hoc limit adjustments during festive seasons.
- Expiry and Renewal Management
- Carry forward limits
- Flexibility in billing options:
- Interest-free periods configuration
- Grace periods configuration
- Custom billing dates
- Multiple billing cycle options, including daily, weekly, bi-weekly, monthly, and quarterly.
- Flexibility to allow or disallow early payments or partial payments
- Minimum amount due configurations
- Conversion to EMI for single transactions or entire bill amounts.
- Charge configurations
- Processing fees
- Annual fees
- Penal charges
- Penal interests
- Daily interest only on utilized amount
Dropline OD (Flexi Loans)
- Dropping methods
- Fixed amount every month
- Step-up/step-down drop
- Drop after moratorium of X months
- Two repayment schedule – 1) for the customer – tentative RPS 2) actual RPS based on utilization
- Repayment frequency – Monthly / Quarterly
- Daily computation of interest on the utilized amount
Handling of charges
- Auto posting of charges and utilization of limits for outstanding charges
- Both options – charges on accrual basis or cash basis
- Overline handling due to bouncing
- Penal charges definition
- Non-utilization charges on limit non-utilization for a period
- Multiple billing cycle – month end OR any specific day of the month
- Grace period configuration
- Handling of back-dated transactions
- Customer mobile app for drawdown, repayment, SOA
- Instant bank disbursement
- Multiple repayment methods – a) payment gateways b) virtual account number c) UPI
- Instant limit release on repayment
Loan Against Securities (LAS)
- Possible to capture the loan in any of the following 4 formats:
- As a credit line product
- As a bullet loan: similar to gold loans
- As a balloon loan – pay monthly interest and principal in end
- Repay in EMI format
- LAS specific features:
- Extra credit for increased share value
- Share swapping
- Pledge invoke
- Pledge more shares
- Un-pledge some shares
- Rich collateral management
- Allowed ISIN and categorization
- Haircut maintenance
- Pledge/unpledge/invoke integration with depositories and mutual fund registrar
- Daily LTV calculation
- LAS specific charges:
- Brokerage charges
- DP charges
- Pledge confirmation charges
- Un-pledge charges
- Pledge invocation charges
- DEMAT share transfer charges
- Limit configuration parameters
- Sanctioned limit
- Current limit (based on latest LTV)
- Haircut
- Interest rate
- Limit charges
- Commitment Charges on Non-Utilization of Limits
- Processing fee
- Annual renewal fee
- Processing fee
- Bounce charges
- Penal interest
Earned Wage Access (Salary on demand)
- Handling of EWA as credit line or loan
- Option#1: like Credit Card
- Option#2: as bullet loans
- Handling EWA like Credit Card
- Sanctioned limit
- Daily limit on attendance
- Multiple drawdowns
- Interest on utilized amount
- Monthly/salary day billing
- Grace period
- Interest-free period
- Interest/Penal charge
- Convert to EMI functionality
- Handling EWA as bullet loans
- Each drawdown as a separate loan in the system
- All loans on same Cust ID
- Define jumper rates
- Disbursements
- Instant disbursements through bank integrations
- Slab based fee structure
- Fee computation configurations – transaction level or monthly level
- Auto fee deduction from net disbursement amount
- HRMS handoff files and data exchange
- Upload the daily limits to Synoriq LMS via file upload
- API availability for limit updation via APIs
- Employer-wise payroll deduction file
- APIs available for employer-wise deduction information access
- Top-up loans as personal loans
- Effective Interest Rates (EIR) as per IndAS
Merchant Cash Advance (Daily Instalments)
Config#1 Daily installment billing:
- Generate EDI schedules
- Holiday handling
- Receipt allocation of dues in FIFO
- Charge sequence IPC or CIP
- Define grace period
- DPD calculation on a daily basis
- Asset classification as per DPDs
- Bounce charges configurations
- Redraw repayment schedule on Part payment
Config#2 Daily pre-payment(Fixed amount) but monthly EMI billing:
- Daily retained amount as part-payment and repayment schedule is redrawn with an impact on the next EMI amount
- Handle lump sum part payments
- Monthly installment billing
- No penalties on missing daily retention
- Penalties on monthly dues miss
Config#3 Daily pre-payment(variable amount) and bullet loan:
- Bullet loan with repayment of principal and interest on the maturity date
- Upload of variable retained amount as receipts in the LMS
- Auto reduction of the POS
- Interest accrual on a daily basis
- Monthly billing of interest amount
Co-lending
- Define co-lending agreements
- Manage co-lending in both scenarios – when you are sourcing or you are funding
- Easily generate triple repayment schedules even in edge scenarios
- Convert to co-lending at a later point in time (CLM#2)
- Bulk upload of co-lending loans
- Support for both CLM1 and CLM2
- Receipts allocation as per respective allocation strategy
- Handling of edge-cases like
- Short payment by the customer
- Excess payment by the customer
- Part pre-payment by customer and rescheduling
- Tranche disbursements
- Interest rate change
- Multiple day-count convention
- Multi-allocation strategies
- Foreclosure handling
- Voucher posting net or reversal
- Bank recon with escrow account / handling for reimbursements
- Best co-lending architecture to handle complexities
- Multiple deployment strategy with your legacy LMS
