For Finance Companies: Managing Loans & EMIs in Tally

The Excel Nightmare

Managing 500+ loan accounts in Excel is recipe for disaster. One formula error, and your interest calculation is wrong.

Tally for BFSI (Banking, Financial Services)

Tally is not just for trading. It's a powerful Loan Management System.

Key Features

1. Auto-Interest Calculation: Set simple or compound interest rules. Tally posts interest vouchers automatically every month.

2. EMI Schedule: Track Principal vs Interest component for each EMI received.

3. Defaulter Report: One click to see who missed their EMI this month.

4. Penalty Management: Auto-debit late fees for delayed payments.

Document Management

Attach KYC documents (Aadhar/Pan) directly to the Customer Ledger in Tally Prime.