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Direct Credit to Customer Bank account and other disbursal methods

A lending program should offer a clear and efficient way to disburse the loan amount to the client. Depending on the geography some people might be familiar with a certain mode of receiving money. In this post we will look at the various modes and disucss the pro and cons of each of these as well as the technology that is used to automate the process.

Disbursing money has evolved over the last two decades, the most popular modes used by financial institutions for transferring funds to the client over the years are:

07 Jun 2023
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The art and science of PDC management

Over the last decade or so, new payment systems have evolved like IMPS, NEFT and RTGS for a one time payment. For recurring payments we have the NACH which replaced the ECS (Electronic Clearing System).

NACH or National Automated Clearing House allows a Financial Institution to register a mandate to deduct recurring amounts from a customer's bank account towards repayment of a loan.

17 Dec 2018
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About us

SASTRA Technologies - We are a technology firm serving Banks, Financial Institutions, and new-age FinTech companies. Our focus is on building cost-effective, high-performance solutions that deliver real business value. Over the years, we have embraced Cloud Technologies and developed strong capabilities in DevOps, Performance Tuning, and Service-Oriented Architectures—enabling us to deliver a value proposition that remains unmatched in the industry.