🏦 FREE FOR LENDING / NBFC

Free Lending & EMI Collection Software for India

Generate EMI schedules, track DPD & overdue accounts, record collections, and manage up to 10,000 borrowers — completely free.

🚀 Start Free — Lending / NBFC See All Features →

Rated 4.7/5 by 214 businesses · No credit card · Free up to 10,000 records

Quick Answer

FastFee Free is a free lending and EMI collection software for Indian moneylenders, NBFCs, and microfinance companies. It generates EMI schedules (daily, weekly, monthly, quarterly), tracks DPD and overdue accounts, records collections, calculates late fees, and shows borrower-wise ledgers — free for up to 10,000 borrowers. No credit card or download needed.

Everything You Need — Free

Built specifically for Microfinance companies, Gold loan NBFCs, Personal loan lenders, Chit fund companies

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EMI Schedule Generation

Auto-generate daily, weekly, monthly, or quarterly EMI schedules with interest calculation.

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DPD & PAR Tracking

Track Days Past Due for every borrower. See PAR 30/60/90 buckets automatically.

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Overdue Alerts

See all overdue accounts in one screen. Prioritize follow-ups.

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Part-payment Recording

Record partial EMI payments. Balance carried forward automatically.

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Late Fee Calculation

Configure late fee per day or flat. Auto-applied on overdue EMIs.

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Borrower-wise Ledger

Full loan statement per borrower — disbursement, EMIs paid, outstanding.

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WhatsApp EMI Reminders

Send EMI due and overdue reminders to borrowers on WhatsApp.

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Collection Reports

Daily collection sheet, outstanding report, overdue list — all exportable.

Get Started in Minutes

Quick signup, no email or password.

Select "Lending / NBFC" sector

Choose Lending when setting up.

Add borrower profiles

Name, phone, address, Aadhaar (optional).

Create a loan

Enter principal, interest rate, tenure, start date, frequency.

EMI schedule auto-generates

All EMI due dates and amounts are calculated instantly.

Record collections

Mark EMIs paid as you collect. Record partial payments too.

Track overdue & send reminders

Overdue dashboard → WhatsApp reminder in one tap.

Frequently Asked Questions

Is there a free EMI collection software for moneylenders in India?+

Yes. FastFee Free is a completely free EMI and loan collection software for Indian moneylenders, NBFCs, and microfinance companies. It generates EMI schedules, tracks DPD, records collections, and sends WhatsApp reminders — free for up to 10,000 borrowers.

What frequencies of EMI does the free lending software support?+

FastFee Free supports daily, weekly, fortnightly, monthly, and quarterly EMI frequencies. You can set the frequency per loan — a daily instalment chit fund and a monthly personal loan can coexist in the same account.

How does DPD tracking work in lending software?+

DPD (Days Past Due) tracks how many days each EMI is overdue. FastFee automatically calculates DPD for every overdue EMI and shows PAR (Portfolio at Risk) buckets — PAR 30, PAR 60, PAR 90.

Can I record partial EMI payments?+

Yes. Record any partial amount. The software carries forward the outstanding balance to the next due date and tracks the shortfall.

What is the best free software for small lenders in India?+

FastFee Free is the best free lending software for small lenders, NBFCs, and microfinance companies in India. It handles EMI schedules, DPD tracking, overdue alerts, and WhatsApp reminders — all free for up to 10,000 borrowers.

Start Managing Lending / NBFC — Free

No spreadsheets. No monthly fee. No credit card. Free for up to 10,000 records.

🚀 Get Started Free →

Works on mobile & desktop · OTP login, no password needed

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