Solutions · Installment lenders
Installment loan software for personal and small-business lenders
Installment lending lives or dies on schedules, balances and follow-up. LoanTabs generates the repayment schedule from your loan product, applies each payment correctly, and shows you which loans are slipping.
30-day free trial, no credit card required.
What is installment loan software?
Installment loan software manages loans repaid in scheduled payments. It builds the repayment schedule from the loan's amount, term, interest method and frequency, applies each payment to the right balances, and tracks late and partial payments. LoanTabs does this for personal, salary-backed, small-business and other installment loans.
An installment loan can be a personal loan repaid monthly, a small-business loan repaid weekly, or a group of loans on different schedules in one book. What they share is a schedule, and a schedule is only useful if it is right and stays right when payments arrive early, late or in part.
How LoanTabs handles installment lending
Common installment loan setups
Examples of how a lender might configure LoanTabs. Your own terms and local rules always apply.
| Loan type | Typical setup | Why |
|---|---|---|
| Personal loan | Reducing balance, equal installments, monthly | A steady payment that shrinks interest as principal falls |
| Small-business loan | Reducing balance or flat, weekly or monthly, with a processing fee | Matches the borrower's cash cycle |
| Short-term loan | Flat or interest-only, lump sum or a few installments | Simple terms over a short period |
| Top-up loan | Clone an existing loan to a draft and adjust terms | Faster than rebuilding the loan from scratch |
Can I match LoanTabs to my market?
Consumer lending practice varies from country to country: how the cost of credit is shown, which fees are common and how collections are handled. LoanTabs is flexible enough to follow your market. You set the terms on each product, and every loan keeps a clear record of the schedule, fees, payments and decisions behind it.
For help choosing between interest methods, our guide to flat rate vs reducing balance interest shows how much the choice changes what a borrower pays.
Installment loan software: common questions
Can LoanTabs manage personal loans?
Yes. Borrowers can be individuals or businesses, and you can define products with the interest method, fees, term limits and repayment frequency that suit personal lending.
Does LoanTabs support flat and reducing balance interest?
Yes. It supports flat, declining balance, reducing balance with equal installments or equal principal, interest-only and compound interest.
How do borrowers get their loan records?
Print a PDF statement and a PDF receipt for any loan or payment and hand them to the borrower, so they always have a clear record of the schedule and what they have paid.
How are late penalties applied?
Staff apply penalties to overdue loans, using the amount suggested by the penalty type you defined, so each penalty is a recorded decision by your team.
Keep exploring
- Loan management softwareThe LoanTabs overview: what it does, who it is for and what it costs.
- Online loan management systemRun your loan book from any browser, with nothing to install.
- Loan software guideThe types of loan software, what each does and how to choose.
- Lending software and lending management systemsWhat a lending management system covers, end to end.
- Loan management software for small businessBuilt for money lenders: quick setup, small-team workflow, simple pricing.
- Online loan application softwareTake and process loan applications online, from intake to disbursement.
- Loan management solutionSoftware, setup, migration, training and support in one solution.
- Loan tracking softwareTrack balances, due dates and overdue loans, with an aging example.
- Loan repayment softwareRecord, allocate and receipt repayments, with a worked example.
- Loan software for money lendersFor independent lenders and small teams.
Run your installment loans on LoanTabs
Start a 30-day free trial, create a loan product and see the schedule before you save.
No credit card required