Loan Collection App for Chennai NBFCs & Lenders
Automate EMI follow-ups for chit fund companies and microfinance NBFCs in Chennai with WhatsApp reminders + UPI AutoPay. Reduce pending EMIs by 80%.
Why chit fund companies and microfinance NBFCs in Chennai Choose FastFee
Manual EMI collection in Chennai — calling borrowers one by one, tracking payments in Excel — costs 30+ hours per week and leaves 25-40% of loan accounts overdue. FastFee automates the full collection workflow: WhatsApp reminders → UPI AutoPay → field recovery → auto-reconciliation.
How FastFee Loan Collection Works in Chennai
1. Import Loan Book
Upload your Chennai borrower database with mobile numbers and EMI schedule. Setup takes under 10 minutes.
2. Send WhatsApp Reminders
Automated WhatsApp messages go 5 days before EMI due date, on due date, and on overdue days. Each message includes a one-click UPI payment link.
3. Enable UPI AutoPay
Borrowers approve once via GPay or PhonePe. EMIs auto-debit on due dates — no manual collection needed for compliant borrowers.
4. Field Recovery Dashboard
Non-payers automatically appear in a prioritized field list for your Chennai collection agents. GPS check-in + PTP tracking built in.
Frequently Asked Questions
What is the best loan collection app in Chennai?
FastFee is purpose-built for chit fund companies and microfinance NBFCs in Chennai. It automates WhatsApp EMI reminders before and after due dates, sets up UPI AutoPay mandates for zero-default collection, and gives field agents a live defaulter list. Most Chennai lenders see pending EMI rates drop below 10% within 90 days.
How does FastFee help Chennai NBFCs recover overdue EMIs?
FastFee sends automated WhatsApp reminders 5 days before EMI due dates and again on the due date. If payment is not received, the borrower moves up the priority list for field follow-up. Field agents in Chennai can log visits, record PTPs, and share UPI payment links — all from their phone.
Does FastFee work for small NBFCs and MFIs in Chennai?
Yes. FastFee scales from 50-borrower micro-lenders to 50,000-account NBFCs in Chennai. There is no minimum loan book size. Lenders pay only for accounts they actually track.
What is the cost of loan collection software in Chennai?
FastFee starts at ₹999/month for small NBFCs. Enterprise plans for large loan books are available on request. A free 14-day trial is available with no credit card required.
Ready to Automate EMI Collection in Chennai?
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