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Features · Loan management

Loan origination and servicing, end to end

From the first application to the final payment, LoanTabs models the whole loan lifecycle in one record, with an audit trail of every loan event: created, approved, disbursed, payment posted or reversed, status changed.

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What does loan origination and servicing software cover?

Loan origination and servicing software covers a loan from application to closure: capturing the borrower, setting terms, approving and disbursing the loan, then recording repayments, producing receipts and statements, following up late accounts and closing or writing off the loan. LoanTabs does all of it in one record, with accounting and reports built in.

Some products sell origination and servicing separately. For a small lender, or an MFI or SACCO running a loan book, that split creates two records of every loan and a hand-off between them. In LoanTabs the application becomes the loan, and the same record carries the schedule, payments, documents and history. The loan origination vs loan servicing guide explains why that matters.

Every loan moves through the same disciplined path

No matter the borrower, every loan follows origination, approval, disbursement, servicing and closure, with each step recorded as an auditable event and the repayment schedule kept up to date as payments arrive.

The loan lifecycle in LoanTabs

  1. Step 1

    Application

    Staff capture each application online, with the borrower's details and supporting documents attached to the file.

  2. Step 2

    Approval workflow

    Per-branch approval rules route each loan to the right roles, with every decision logged. Small teams can create and disburse in one step.

  3. Step 3

    Disbursement

    Funds go out against the approved loan product's terms, recorded as a loan event and posted to the accounts.

  4. Step 4

    Repayment servicing

    Schedules track installments by frequency. Staff record repayments, print PDF receipts and apply penalties from your penalty types.

  5. Step 5

    Closure or write-off

    Loans close on final payment, or move to write-off, with each change recorded as a loan event.

Loan products that match your policy, not a template

Each product fixes the rules, so every loan on it is created within policy.

Seven interest methods

Flat, declining balance, reducing balance (equal installments or equal principal), interest-only or compound, set per loan product as a percentage or fixed amount.

How loan interest is calculated

Flexible repayment frequency

Daily, weekly, every two weeks, monthly, quarterly, semi-annually or yearly, plus lump sum, set days of the week and set dates of the month.

Loan servicing software

Principal, interest and term ranges

Set minimum, default and maximum values per product so officers cannot originate outside policy.

Loan origination software

Fees and penalty rules

Deductible, capitalized or separate fees, fixed or percentage-based, plus penalty types you apply to overdue loans.

Deductible vs capitalized fees

Borrowers, guarantors and collateral, kept with the loan

Individual and business borrowers

Record a person or a business as the borrower, with contact details, ID number and custom fields.

Borrower management

Guarantors and collateral

Track guarantors, and collateral such as vehicles, land, buildings and equipment with value, registration numbers and status, against the loan.

Collateral vs guarantor

Credit score field

Record each borrower's credit score alongside their file to inform approval decisions.

Borrower records

Documents and attachments

Attach ID documents, security documents and agreements to the borrower and loan file.

Borrower documents

Where each part of the loan lifecycle is covered in detail

Where each part of the loan lifecycle is covered in detail
StageWhat it coversDetailed page
Originating a loanApplications, products, drafts, schedule preview, approvalsLoan origination software
Servicing a loanRepayments, allocation, receipts, statements, penalties, write-offLoan servicing software
Late loansDelinquency worklist, collection sheet, PAR, aging, provisionsCollections and arrears reports
Borrower filesBorrowers, guarantors, collateral, documents, custom fieldsBorrower management
Branches and staffBranch separation, 11 roles, per-branch approval rulesMulti-branch and staff
The booksDouble-entry ledger, cash accounts, expenses, period closeLoan accounting software
Management reports30 reports exportable to CSV, Excel and PDFLoan portfolio reports

Loan origination and servicing: common questions

What is loan origination and servicing software?

Software that manages a loan from application and approval through disbursement, repayment, statements and closure. LoanTabs covers both halves in one record, with accounting and reports.

Can I configure my own loan products?

Yes. Each product sets the interest method, fees, principal, interest and term ranges and repayment frequency, so every loan created on it follows your policy.

Does LoanTabs keep an audit trail?

Loan events such as created, approved, disbursed, payment posted or reversed and status changed are recorded, and an Exceptions and audit report surfaces late, edited or deleted payments and write-offs.

How are loan applications handled?

Your staff capture and process applications online: borrower details and documents, approval rules by role and branch, and disbursement all sit in one record from intake to closure.

Keep exploring

Run the whole loan lifecycle in LoanTabs

Start a 30-day free trial, create a loan product and take a loan from application to closure.

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