Consumer Durable Loan Collection Software India
You sold a TV on 6-month EMI. Customer paid 2 instalments and stopped. FastFee automates follow-up — WhatsApp reminders, UPI AutoPay for future EMIs, DPD-based escalation, and bank reconciliation.
Works alongside your billing software. Setup in 20 minutes.
Business Types FastFee Serves
Any retailer with an in-house EMI book — not financed by a bank or NBFC but managed by the shop owner directly.
| Business Type | Products on EMI | Typical Tenure | EMI Ticket Size |
|---|---|---|---|
| Electronics Shop | TV, Fridge, AC, Washing Machine | 3–12 months | ₹8,000–₹80,000 |
| Furniture Dealer | Sofa, Bed, Wardrobe, Mattress | 6–24 months | ₹15,000–₹1,50,000 |
| Two-Wheeler Dealer | Motorcycle, Scooter | 12–36 months | ₹50,000–₹1,50,000 |
| Smartphone / Computer Shop | Mobile, Laptop, Tablet | 3–12 months | ₹10,000–₹1,00,000 |
| Home Appliance Retailer | Microwave, Water Purifier, Geyser | 3–6 months | ₹3,000–₹30,000 |
FastFee vs Billing Software — Different Jobs
| Function | Vyapar / myBillBook | FastFee |
|---|---|---|
| GST invoicing for sale | ✓ | — |
| Inventory tracking | ✓ | — |
| EMI schedule setup | Basic | ✓ Full lifecycle |
| WhatsApp EMI reminders | — | ✓ Automated |
| UPI AutoPay mandate | — | ✓ Setup + lifecycle |
| DPD bucket tracking | — | ✓ 0–30–60–90+ days |
| Overdue escalation | — | ✓ WhatsApp → field |
| Bank reconciliation | — | ✓ Auto-match |
| Promise-to-Pay tracking | — | ✓ |
Frequently Asked Questions
Which is the best consumer durable loan collection software in India?
FastFee is purpose-built consumer durable loan collection software for Indian electronics dealers, appliance retailers, and furniture shops that give in-house EMI credit. It handles the full collection workflow: WhatsApp EMI reminders with UPI payment links on due dates, UPI AutoPay mandate setup for auto-debit (customers authorize once — EMI debits automatically every month), DPD bucket tracking (0–30, 31–60, 61–90, 90+ days overdue), Promise-to-Pay logging, and bank reconciliation for NEFT/UPI credits. Unlike Bajaj Finance or Home Credit (which are lender products), FastFee is for retailers managing their own in-house EMI book.
What types of consumer durable businesses use FastFee?
FastFee is used by: electronics shops giving 3–12 month EMI credit on TVs, refrigerators, washing machines, and smartphones; furniture dealers with 6–24 month in-house EMI schemes; two-wheeler dealers managing in-house loan books; home appliance retailers with store-credit EMI programs; and computer/laptop shops offering student EMI plans. The common thread: the retailer manages the EMI collection themselves, not through a bank or NBFC.
How does FastFee help recover overdue consumer durable EMIs?
FastFee runs a structured recovery workflow: On due date → WhatsApp reminder with UPI link. D+3 → second reminder. D+7 → follow-up with updated outstanding. D+15 → escalation message. D+30 → field collection task assigned. D+60+ → manager escalation and potential legal flag. Customers on UPI AutoPay mandates are auto-debited — no follow-up needed unless the mandate bounces (insufficient funds), in which case FastFee triggers the recovery workflow automatically.
Can FastFee set up UPI AutoPay for consumer durable EMIs?
Yes. When a customer buys on EMI, FastFee sends them a UPI AutoPay mandate registration link via WhatsApp. The customer authorizes the recurring debit once on their UPI app — after that, the EMI is automatically debited from their bank account on the due date every month. For amounts up to ₹15,000, no per-transaction PIN is needed. This eliminates the need for the customer to manually pay every month and reduces defaults significantly.
Does FastFee replace point-of-sale or billing software for electronics shops?
No. FastFee is the EMI collection and recovery layer — not a POS or billing system. Your existing billing software (Vyapar, myBillBook, Marg ERP) handles invoicing and inventory. FastFee manages the collection side: after a sale is made on EMI, FastFee tracks the EMI schedule, sends reminders, sets up auto-debit mandates, tracks overdue accounts, and reconciles payments. Both systems work together — billing software for the transaction side, FastFee for the collection side.
What is the GST treatment for in-house consumer durable EMI schemes?
For retailer-managed in-house EMI: the product sale is taxed at the applicable GST rate on the full MRP. If you charge interest on the EMI, the interest portion is treated as a financial service and may attract GST at 18% (SAC 997113). For zero-interest EMI schemes where the cost is borne by the retailer, the full product price is taxable. FastFee generates GST-compliant receipts for each EMI payment, with appropriate tax treatment. Consult your CA for your specific EMI structure and applicable GST rules.
Stop Chasing EMI Defaulters Manually
Works alongside Vyapar / myBillBook. Setup in 20 minutes. No credit card required.