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.
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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 |
What to check for your own jurisdiction
Consumer lending is regulated in many countries: licensing, disclosure of the cost of credit, interest limits, fees and collection practices all vary. LoanTabs helps you set terms consistently and keep a clear record, but it does not decide what is lawful where you operate, and it does not generate regulatory disclosures. Confirm your local requirements before you set products.
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.
Can borrowers see their loans online?
Not yet. A borrower self-service portal is planned but is not available. You can print PDF statements and receipts for borrowers.
Does LoanTabs charge late fees automatically?
No. Staff apply penalties to overdue loans, using the amount suggested by the penalty type you defined.
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Run your installment loans on LoanTabs
Start a 30-day free trial, create a loan product and see the schedule before you save.