The Problem
Why Most NBFCs Struggle Without Proper Software
Running a non banking financial company manually is like trying to fill a bucket with holes. Here is what most NBFC owners face every single day:
📋 Loan Tracking is a Mess
When loan data lives in Excel sheets, mistakes happen. EMI dates get missed, borrower records go missing, and recovery becomes a guessing game.
⚠️ RBI Compliance is Stressful
Filing reports without the right software is time-consuming and risky. One wrong submission can lead to penalties and regulatory trouble.
💸 Collections Are Delayed
Without automated reminders, borrowers forget payment dates. This directly affects your cash flow and increases NPAs (Non-Performing Assets).
🔍 KYC Takes Too Long
Manual KYC verification is slow, error-prone, and hard to audit. It delays loan disbursement and frustrates your borrowers.
There Is a Better Way
Codepluse is non banking financial software designed to fix every one of these problems. It is simple enough for a 10-person NBFC and powerful enough to handle thousands of loans.
Understanding NBFC Software
What Is Non Banking Financial Software — And Why Do You Need It?
A Simple Explanation
Non banking financial software is a digital system that helps NBFCs — like microfinance companies, gold loan lenders, and personal loan providers — run their business smoothly.
Think of it like this: a regular business uses accounting software to track money. An NBFC needs something more — a loan management system that tracks every loan, every borrower, every EMI, and every compliance report automatically.
The best NBFC software does not just store data. It helps you act on that data — by sending automatic EMI reminders, flagging overdue accounts, and generating RBI reports in one click.
- Saves 10–15 hours per week on manual work
- Reduces EMI defaults with automated follow-ups
- Keeps your business 100% RBI-compliant
- Works for small NBFCs, MFIs, and large lenders
- Accessible on web, Android, and iOS
What is an NBFC?
An NBFC (Non-Banking Financial Company) is a company that provides financial services like loans, leasing, and investments — but is not a bank. NBFCs are regulated by the Reserve Bank of India (RBI).
What is a Loan Management System?
A loan management system (LMS) is software that handles the complete life of a loan — from application and approval to EMI collection and final closure. It replaces spreadsheets and manual tracking entirely.
What is Lending Management Software?
Lending management software is a broader term for tools that help lenders (banks, NBFCs, cooperatives) manage their lending operations — including credit scoring, documentation, disbursement, and recovery.
Who needs NBFC Software?
Any company that gives out loans without a banking license needs proper software for NBFC operations — whether you are a small microfinance group or a large consumer lending company.
Product Features
Everything You Need in One NBFC Software Platform
Codepluse packs a full loan management system, lending management software, and compliance tools into a single easy-to-use platform.
📄
Loan Origination & Approval
Collect loan applications online or offline. Set your own credit rules. Approve or reject loans in minutes — not days. All documentation is stored digitally and securely.
💳
EMI Collection & Tracking
Our loan management application automatically schedules EMIs, sends WhatsApp and SMS reminders to borrowers, and updates your books the moment a payment is received.
🔐
Digital KYC Verification
Complete Aadhaar eKYC and PAN verification in under 2 minutes. No paperwork, no manual checking. The system flags incomplete or mismatched documents automatically.
📊
RBI Compliance Reports
Generate all mandatory RBI NBFC reports with a single click — including NPA reports, CERSAI filings, and audit trails. Never miss a regulatory deadline again.
🚨
Overdue & NPA Management
The best NBFC software for small businesses must handle collections smartly. Codepluse flags overdue accounts, assigns recovery agents, and tracks resolution — all in real time.
📱
Borrower Mobile App
Give your borrowers a branded mobile app to check their loan status, download statements, and pay EMIs online. This reduces support calls and builds borrower trust.
🤖
Automated Loan Workflows
Set up automated workflows for disbursement, repayment reminders, renewal offers, and closure letters. Your team does less manual work and makes fewer errors.
📈
Live Analytics Dashboard
See your entire lending portfolio at a glance. Track collection rates, NPA percentages, agent performance, and branch-wise data from any device, at any time.
🏦
Multi-Branch & Role Management
Manage multiple branches from one account. Assign different roles to admins, loan officers, and recovery agents. Control who sees what with custom permission settings.
Who It's For
Built for Every Kind of Lender in India
Whether you are a first-time NBFC or an established lending company, our software for NBFC works for your scale and type of business
🏘️
Microfinance Institutions
Manage group loans, field agents, and weekly collections in rural and semi-urban areas without any headache.
🥇
Gold Loan NBFCs
Track gold weight, purity, loan-to-value ratios, and renewal dates for every single loan in your portfolio.
🛒
Consumer Lending Companies
Issue personal loans, two-wheeler loans, or consumer durable loans with fast digital onboarding and automated EMI tracking.
🏭
MSME Lenders
Offer working capital loans and equipment financing to small businesses with custom repayment schedules that match their cash flow.
🏠
Housing Finance Companies
Manage long-tenure home loans with flexible EMI structures, property document tracking, and part-payment handling.
📚
Education Loan Providers
Handle moratorium periods, co-signer documents, and university verification as part of your standard loan workflow.
Getting Started
Get Your NBFC Running on Codepluse in 4 Simple Steps
You do not need a tech team or weeks of training. Most NBFCs go live on our loan management application within 48 hours.
1
Sign Up and Set Up Your NBFC Profile
Create your free account in under 5 minutes. Add your company details, branch locations, loan products, and interest rate structures. Our onboarding team helps you at every step — no extra charge.
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2
Import Your Existing Loan Data
Already have borrower data in Excel or another system? No problem. You can import all your existing loan records, borrower details, and outstanding EMIs in one go using our bulk import tool.
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3
Configure Your Loan Products and Workflows
Set up your loan products — personal loans, gold loans, group loans — with your own interest rates, tenure options, and fee structures. Then define your approval and disbursement workflows so the system works exactly like your business does.
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4
Go Live and Watch Your NBFC Run Smoothly
From day one, Codepluse starts tracking loans, sending EMI reminders, flagging overdue accounts, and generating reports automatically. Your team spends less time on paperwork and more time growing the business.
How We Compare
Codepluse vs Manual Tracking vs Generic Accounting Software
See why NBFCs across India are switching to dedicated non banking financial software instead of juggling spreadsheets and basic tools.
| Feature | Codepluse (NBFC Software) | Excel / Manual | Generic Accounting Software |
|---|---|---|---|
| Loan Lifecycle Management | ✓ Full Automation | ✗ Manual Only | ⚠ Partial |
| Automated EMI Reminders | ✓ WhatsApp + SMS | ✗ Not Available | ✗ Not Available |
| RBI Compliance Reports | ✓ One-Click Reports | ✗ Manual Calculation | ✗ Not Supported |
| Digital KYC (Aadhaar + PAN) | ✓ Built-In | ✗ Physical Copies Only | ✗ Not Supported |
| NPA & Overdue Tracking | ✓ Real-Time Alerts | ✗ Delayed Discovery | ⚠ Limited |
| Borrower Mobile App | ✓ Branded App | ✗ No App | ✗ No App |
| Multi-Branch Management | ✓ Unlimited Branches | ✗ Separate Files Per Branch | ⚠ Basic |
| Data Security & Backup | ✓ Bank-Grade Encryption | ✗ High Risk | ⚠ Basic |
Real Customer Stories
What NBFC Owners Say About Codepluse
These are real reviews from NBFC business owners and loan managers who use Codepluse every day across India.
"We were managing 600 loans on Excel. Every month, we had 15–20 EMI mistakes. After switching to Codepluse, our error rate dropped to zero. The automated reminders alone saved us ₹4 lakhs in monthly losses."
"As a small NBFC with just 3 staff members, we needed software that did not require a separate IT team. Codepluse is exactly that — simple, powerful, and affordable. Our RBI compliance is now stress-free."
Priya Mehta
Founder, GreenLeaf Lending · Ahmedabad, Gujarat
"We manage gold loans across 9 branches. Before Codepluse, branch reconciliation took 3 days every month. Now it takes 20 minutes. The live dashboard tells me exactly what is happening at every branch in real time."
Suresh Subramanian
CEO, Lakshmi Gold Finance · Coimbatore, Tamil Nadu
Simple Pricing
Transparent Pricing for Every NBFC Size
No hidden charges. No long-term lock-ins. Start free and upgrade only when you need to.
Starter
₹50,000 / month
Perfect for new NBFCs and small lending businesses with up to 500 active loans.
- ✓ Up to 500 Active Loans
- ✓ Full Loan Management System
- ✓ EMI Tracking & Reminders
- ✓ Digital KYC Verification
- ✓ Basic RBI Reports
- ✓ 1 Branch
- ✓ Email & Chat Support
⭐ Most Popular
Growth
₹73,000 / month
Built for growing NBFCs managing 500 to 5,000 loans across multiple branches.
- ✓ Up to 5,000 Active Loans
- ✓ Everything in Starter
- ✓ Borrower Mobile App (Branded)
- ✓ Full RBI Compliance Suite
- ✓ NPA Management & Alerts
- ✓ Up to 5 Branches
- ✓ API Integrations (CIBIL, CERSAI)
- ✓ Priority Support (6 days/week)
Enterprise
Custom Pricing
For large NBFCs with high loan volumes, multiple states, and custom integration needs.
- ✓ Unlimited Active Loans
- ✓ Everything in Growth
- ✓ Unlimited Branches
- ✓ Custom Loan Products
- ✓ Dedicated Account Manager
- ✓ On-Site Training Available
- ✓ Custom API Development
- ✓ SLA-Backed Uptime Guarantee
FAQs
Frequently Asked Questions About NBFC Software
Got a question about our non banking financial software? Find honest, clear answers below.
Non banking financial software is a digital platform built specifically for NBFCs, microfinance companies, and private lenders to manage their day-to-day operations. It covers loan management, EMI tracking, KYC verification, borrower communication, and regulatory compliance — all in one system. It replaces manual spreadsheets and disconnected tools with a single automated platform.
The best NBFC software in India depends on your business size and loan type. For most small to mid-sized NBFCs, Codepluse is the top-rated choice because it covers the complete loan lifecycle, includes built-in RBI compliance tools, and works on both web and mobile. It is affordable, easy to set up, and trusted by 2,400+ NBFCs across India.
Yes. Codepluse has a Starter plan designed specifically as the best NBFC software for small businesses. You do not need a big IT budget or a technical team. The Starter plan supports up to 500 active loans, includes all core features, and comes with free onboarding support. You can upgrade anytime as your business grows.
Accounting software like Tally or QuickBooks tracks income and expenses. A loan management application is specifically designed to manage the lending lifecycle — loan applications, credit checks, disbursements, EMI schedules, overdue tracking, and borrower communications. Accounting software cannot generate RBI reports, handle KYC, or send automated EMI reminders. For NBFCs, you need both — or a combined platform like Codepluse.
Lending management software is a category of financial software that helps lenders — including banks, NBFCs, credit cooperatives, and fintech companies — manage the entire lending process. It handles everything from borrower onboarding and credit evaluation to loan disbursement, repayment tracking, and NPA management. Codepluse is a leading lending management software built for the Indian market with RBI compliance built in.
Most NBFCs go live within 24 to 48 hours. If you have existing loan data in Excel, our team helps you migrate it during onboarding. There is no complex installation — Codepluse is fully cloud-based, so you just log in and start working. Our support team is available 6 days a week in English, Tamil, and Hindi.
Yes. Codepluse generates all RBI-mandated reports for NBFCs including NPA classification, CERSAI filings, FIU reports, and audit trails. The system automatically classifies loans as Standard, Sub-Standard, Doubtful, or Loss as per RBI norms. You can export reports directly in the formats required for RBI submission.
Yes. Codepluse uses 256-bit AES encryption, the same standard used by major Indian banks. Your data is stored on ISO-certified servers in India. We take daily backups, perform regular security audits, and are fully compliant with India's data localisation requirements. We do not share or sell your data to any third party.
Get a Free Quote for Your Custom Software Project
Bring us your idea, your problem, or your existing codebase. We will tell you honestly what it would take to build it — scope, price, and timeline — within 24 hours.