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Rural and Agri Loans

If your institution offers Rural and Agri Financing to customers you will need an application that can handle the various types of individuals and the variations in norms and documentation like handling the income documents of Self Employed Non professionals

 

What is Rural and Agri Loans?

Rural and Agri Loans are finance extended by Banks and NBFC's to farmers and rural folk to meet their working capital expenses like 

  • Cost of cultivation
  • Cost of Fertilizers and Pesticides
  • Cost of Seeds and Saplings
  • Cost of purchasing Cattle
  • Cost of purchasing irrigation equipment

 

AnyBank Suite and Rural and Agri Loans

The AB Suite can handle financial products targeteted at different types of customers. Parameters are defined for a product and for the Customer Constitution especially Self Employed Non Professionals.  This allows us to handle Farm and Agri loans of varying tenures. It also allows us to handle variations in the quantum of loan funded - the amount disbursed could included the base cost plus the taxes plus registration fees plus Insurance plus stamp duty etc. The product configuration can include structured fees and levies that are not limited to Processing, Documentation and Advance EMI's. Documents are specific to the customer constitution and can include among others the

  • Identity Proof
  • Proof of Residence
  • Bank Statement

 

Computation of Eligibility Norms and Credit Norms is automatic. We also offer interfaces to credit bureaus to fetch the credit report automatically. Field Investigations are triggered automatically. Interest computation on Loan accounts is automatic and can be based on an amortization schedule or Daily reducing balance method. We offer ACH, PDC's and on field collections as repayment methods. We also offer payment by several payment gateways. 

 

Delinquencies flow into the delinquent module called AB CAPE and cases are allocated based on an allocation logic. Telecalling and field visits are recorded before cases are escalated and moved to various buckets as DPD increases. Case documentation and Case filing is also supported with readymade templates. AB CAPE also offers a method to securitize loans.

Features to Reinvent Your Rural and Agri Loan Functions

Fascinating loan features that can improve customer delight.

CRM
  • Customer Constitutions
  • Bulk Upload
  • Geo Tagging
  • Campaign manager Integrations
  • Sales Dashboards
  • Lead Tracker
Origination
  • Document Management
  • Eligibitliy Norms
  • Credit Norms
  • Scoring
  • CPC or Branch configuration
  • Dedupe and Risk Management
Underwriting
  • Exhaustive Rule Repository
  • Automatic Credit Bureau Check
  • Automatic Ratios
  • Multiple Repayments
  • Field Investigations
  • CAM Report
Lending and Repayment
  • Tranche based Lending
  • Vault Management
  • Repayment Management
  • Loan Management
Financial Accounting
  • Charge Management
  • Accounting Template
  • Bank, Cash and Journal Vouchers
  • Trial Balance
  • Balance Sheet
Delinquency Management
  • Agencies 
  • Call Log
  • Visit Log
  • Receipt Books
  • Securitization

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About

Sastra Technologies is a technology firm that serves new age Fintech companies, Small Finance Banks, payment Banks, Banks, Non-Banking Financial Companies and Financial Institutions. Our philosophy is to develop products that are cost effective so that our clients derive value using them. For the last 7 years we have done so by embracing cloud technologies and developing unique capabilities that allow us to offer a value proposition that is unmatched in the industry today.