Introduction

CL Loan  is a cloud based loan servicing application, which efficiently handles loan servicing, collections, and portfolio management. It manages loans, lines of credit and other financing arrangements under one robust and secure platform. CL Loan enables you to manage portfolios, drive transaction volume, and reduce time to market. CL Loan services consumer loans and commercial loans.

Using CL Loan,  you can create lending products, initiate, approve, and service loan contracts, automate billing and payments, setup and apply charges, and write off, reschedule and refinance loans. CL Loan leverages real-time analytics, and offers customized reports and dashboards based on your business requirements. Its loan servicing and repayment features can be integrated with mobile platforms, thus making it mobile ready.

Any organization managing a loan portfolio can use CL Loan. The non-banking institutions who can use CL Loan include community developed finance institutions, microfinance providers, online lenders, asset finance lenders, and marketplace investors.