Daily Loan Collection Software
for Money Lenders & Microfinance

Example dashboard data

What is daily loan collection software?

Daily loan collection software manages the collection of daily or weekly EMI installments from borrowers — typically used by money lenders, microfinance companies, chit funds and small NBFCs whose borrowers pay in small frequent amounts. It handles route-wise agent assignment, cash/UPI collection entry per borrower, receipt generation, missed-installment tracking, daily closing reconciliation and outstanding reporting per branch.

How does FastFee handle daily EMI collection?

FastFee assigns borrowers to collection agents by route or area. Each agent's mobile app shows the borrower list for the day with EMI amount and payment status. Cash or UPI collection is entered per borrower in the app; a digital receipt is generated instantly. Missed installments trigger a WhatsApp reminder to the borrower. At day-end, the agent closes the day with a collection summary; the branch dashboard shows total collected, total missed and cash-to-deposit reconciliation.

How do NBFCs migrate from cash daily collection to UPI AutoPay?

FastFee gives lenders a migration path: existing cash-paying borrowers continue in the field collection workflow while newly onboarded or eligible borrowers are issued a UPI AutoPay mandate link on WhatsApp. Once the mandate is approved, their EMI is auto-debited directly — no agent visit needed. The branch dashboard shows the split between mandate-based collection and field cash collection, tracking AutoPay migration over time.

Can FastFee and field collection work together?

Yes. FastFee supports hybrid collection: some borrowers on UPI AutoPay mandate (auto-debit every due date), some on WhatsApp payment link (borrower pays when reminded), and some on field-agent cash collection. All three flows reconcile into the same loan ledger and outstanding dashboard. Lenders can gradually migrate cash borrowers to digital repayment without changing the workflow for those who are not ready.

What happens when a daily EMI is missed?

Missed installment triggers: (1) WhatsApp message to borrower with the amount due and a UPI payment link; (2) agent notification to follow up during the next route visit; (3) DPD (days past due) counter updates in the borrower profile; (4) if promise-to-pay date is set and broken, escalation to branch manager. Partial payments are recorded against the installment with the balance carried forward.

How are partial daily EMI payments reconciled?

FastFee accepts partial payment entry — the agent records the amount actually collected. The remaining balance is shown as outstanding against that installment. Partial payments are visible per borrower in the overdue queue with aging from original due date. The branch reconciliation shows total short-collected amount per day for management reporting.