Loandisk

Loan origination and servicing for micro finance businesses

About Loandisk

LoanDisk is a cloud-based loan origination solution, which assists microfinance businesses with managing customer loans and repayments. Key features include fee management, loan processing, automated messaging, predefined templates, account management, and reporting.

The LoanDisk platform enables administrators to create borrower profiles, upload pictures and details using custom forms, and invite borrowers to view loans, repayments, and account balances. It allows managers to create loan products, define interest rates, add repayment cycles, specify penalties for late repayments, manage fee structures, and print loan statements and collection schedules. Plus, loan officers can process bulk repayments, restructure loans, manage loan files, and send bulk messages to borrowers.

LoanDisk allows teams view loan-to-value registers, pending due loans, past maturity date loans, and period-wise overdue loans. Team members can access sample loan agreement templates to create customized agreements for customers. The system also generates reports on metrics such as balance sheets, collection statuses, cash flow projections, disbursements, and more.

Pricing starting from:

US$40,00/month

  • Free Trial
  • Free Version
  • Subscription

Devices

Business size

S M L

Markets

Australia, Canada, Mexico, United States

Supported Languages

English

Pricing starting from:

US$40,00/month

  • Free Trial
  • Free Version
  • Subscription

Images

Loandisk disbursed loans overview
Loandisk admin dashboard
Loandisk branch dashboard
Loandisk loan overview
View 5 more
Loandisk video Loandisk screenshot: Loandisk disbursed loans overview Loandisk screenshot: Loandisk admin dashboard Loandisk screenshot: Loandisk branch dashboard Loandisk screenshot: Loandisk loan overview

Features

Total features of Loandisk: 82

  • API
  • Access Controls/Permissions
  • Accounting
  • Accounting Integration
  • Activity Dashboard
  • Activity Tracking
  • Alerts/Notifications
  • Amortization Schedule
  • Applications Management
  • Approval Process Control
  • Asset Management
  • Audit Trail
  • Auto Loans
  • Borrower Management
  • Bulk Send
  • Business Loans
  • Cash Flow Management
  • Client Management
  • Client Portal
  • Collateral Tracking
  • Collections Management
  • Communication Management
  • Complex Debt Structures
  • Compliance Management
  • Construction Loans
  • Contact Management
  • Customer Accounts
  • Customer Database
  • Customer Management
  • Customizable Forms
  • Customizable Reports
  • Customizable Templates
  • Dashboard
  • Data Import/Export
  • Digital Signature
  • Document Management
  • Document Storage
  • Document Templates
  • Electronic Payments
  • Electronic Signature
  • Exposure Management
  • File Management
  • Financial Analysis
  • Financial Management
  • Income & Balance Sheet
  • Investor Management
  • Lead Management
  • Loan Management
  • Loan Portfolio Management
  • Loan Processing
  • Monitoring
  • Mortgages
  • Multi-Channel Communication
  • Multi-Company
  • Multi-Currency
  • Multiple User Accounts
  • Online Applications
  • Payment Options
  • Pipeline Management
  • Portfolio Management
  • Pricing Management
  • Real Time Analytics
  • Real Time Reporting
  • Reminders
  • Reporting & Statistics
  • Reporting/Analytics
  • Risk Assessment
  • Risk Management
  • Role-Based Permissions
  • Scheduling
  • Search/Filter
  • Secure Data Storage
  • Self Service Portal
  • Status Tracking
  • Student Loans
  • Task Management
  • Task Scheduling
  • Template Management
  • Transaction History
  • Trend Analysis
  • Visual Analytics
  • Workflow Management

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Reviews

Overall rating

4,6 /5
(23)
Value for Money
4,6/5
Features
4,6/5
Ease of Use
4,7/5
Customer Support
4,7/5

Already have Loandisk?

Software buyers need your help! Product reviews help the rest of us make great decisions.

Write a Review!
Showing 5 reviews of 23
Otimeyin I.
Overall rating
  • Industry: Architecture & Planning
  • Company size: 2-10 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Great tool for your Microlending

Reviewed on 2018/12/13

Excellent

Excellent

Pros

The Dashboard analysis and the claculations on Portfolio at Risk. The entire software is quite Brilliant with its accounting integration.

Cons

Its been good so far

Dune N.
Overall rating
  • Industry: Nonprofit Organization Management
  • Company size: 51-200 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

akap

Reviewed on 2020/06/12

Outstanding

Outstanding

Pros

user friendly, flexible loan creation, etc..

Cons

Collection Sheets-more improved features..

Osbert M.
Overall rating
  • Industry: Financial Services
  • Company size: 11-50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 7.0 /10

Good micro finance lending software

Reviewed on 2020/06/12

I have used loan disk to serve over 2000 clients in Uganda, the system has been reliable and never...

I have used loan disk to serve over 2000 clients in Uganda, the system has been reliable and never dissapointed me.

Pros

The most impactful features is one that auto send sms reminding borrowers to pay, reports module covers all i need to look into as a director, Api that allows one to connect to other softwares and more.

I would suggest to any starting financial institution to use this software it helped me start with minimal expenses on software.

Cons

Its in ability to do double entry accounting, the accounting they offer is a basic one you need another accounting software to operate with the software

Response from Loandisk

We are currently in the process of developing double entry accounting which should be ready in 2 months.

Juan A.
Overall rating
  • Industry: Nonprofit Organization Management
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Best microfinance software out there. Period.

Reviewed on 2020/06/12

We make loans, savings, we can register our investments, managament, accountability, everything is...

We make loans, savings, we can register our investments, managament, accountability, everything is integrated inside the software. It also suits perfect to our organizational structure based on branches.

Pros

Very easy to use, everything is well explained. Interface is as friendly as you can imagine. Cost is affordable specially for small organizations like us with few resources. Transactions are very simple to make which minimizes transaction costs a lot. The fact that is easy to use and friendly doesn't mean it doesn't have lots of features and alternatives for your product. Software is robust and suits as excellent both in the lending and saving products (we've never had any system crash so far). We've been looking for a software like Loandisk for a long time. We are thankful that we can use this software for our daily operations in such an affordable price for us.

Cons

The fact that there is not a spanish language limits our usage. Also developments take a while some time.

Verified Reviewer
Overall rating
  • Industry: Human Resources
  • Company size: 11-50 Employees
  • Used Other for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

‘Much more that what we expected’

Reviewed on 2019/04/24

Supports management of the business efficiently at a reasonable cost

Supports management of the business efficiently at a reasonable cost

Pros

After installation of ‘Loandisk’, we started to realize how effective this is for Lending management. Everything is found in one software which is incorporated with an accounting feature too.
All details of the borrower can be loaded into the system and it’s so easy to check the status of every investment with easy navigation. The feature to send a text message to the borrower makes it so easy to remind about the due installment. The report generating capabilities shows the status of lending, recoveries, savings, and collector’s performance, etc. at any given time. The security features also help in access to the system by authorized users with access at different levels.

Cons

Haven’t come across any issues so far. Situation may be different with different applications.

Showing 5 reviews of 23 Read all reviews

Loandisk FAQs

Below are some frequently asked questions for Loandisk.

Loandisk offers the following pricing plans:

  • Starting from: US$40,00/month
  • Pricing model: Free, Subscription
  • Free Trial: Available

Startup version costs $ 40 per month for 1 member of staff Business version costs $ 90 per month for 3 member of staff Company version costs $ 160 per month for 8 member of staff Enterprise version costs $ 240 per month for unlimited staff

We do not have any information about Loandisk features

Loandisk has the following typical customers:

Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

Loandisk supports the following languages:

English

Loandisk supports the following devices:

We do not have any information about what integrations Loandisk has

Loandisk offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep)

Related categories

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