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.


Images

Loandisk Software - Loandisk disbursed loans overview
Loandisk Software - Loandisk admin dashboard
Loandisk Software - Loandisk branch dashboard
Loandisk Software - Loandisk loan overview
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Loandisk video
Loandisk Software - Loandisk disbursed loans overview
Loandisk Software - Loandisk admin dashboard
Loandisk Software - Loandisk branch dashboard
Loandisk Software - Loandisk loan overview

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Loandisk

4,6 (24)
VS.

Starting Price

US$49,00
month
No pricing found

Pricing Options

Free version
Free trial
Free version
Free trial

Features

64
154

Integrations

No integrations found
No integrations found

Ease of Use

4,7 (24)
0,0 (0)

Value for Money

4,7 (24)
0,0 (0)

Customer Service

4,7 (24)
0,0 (0)
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Reviews

Overall rating

4,6 /5
(24)
Value for Money
4,7/5
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.

Showing 5 reviews of 24
otimeyin
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
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..

Alternatives Considered

Turnkey Lender

Reasons for Choosing Loandisk

previous system is not cloud base server

Reasons for Switching to Loandisk

i find it more compatible with our loan products and services...
Balayo
Balayo
Overall rating
  • Industry: Financial Services
  • Company size: 2–10 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

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

LOANDISK, A MID PRICED LOAN MANAGEMENT SYSTEM

Reviewed on 2023/11/25

IN AREAS WITH INTERNET ACCESS, ITS A VAKUE FOR MONEY INVESTMENT AS THE INSTITUTION DOESN'T NEED...

IN AREAS WITH INTERNET ACCESS, ITS A VAKUE FOR MONEY INVESTMENT AS THE INSTITUTION DOESN'T NEED HARDWARE TO START WORKING WITH LOANDISK, A COMPUTER OR TABLET IS GOOD ENOUGH TO START.

Pros

1. ITS INTERFACE FACILITATES QUICK LEARNING AND EASE OF USE AS IT STRAIGHT FORWARD.

2. THE FACT THAT THEY OFFER A MONTH TRIAL WITHOUT USER OFFERING THEIR CREDIT/DEBIT CARD DETAILS, THIS ENABLES A USER TAKE TIME WITH SOFTWARE TO MAKE A DECISION.

3. ITS COMPLIMENT USES SUCH AS EXPENSES MANAGEMENT ON THE DASH BOARD DO HELP MICRO AND SMALL FINANCIAL INSTITUTIONS GET VALUABLE CASHBOOK MANAGEMENT ON THE GO

Cons

1. ITS MONTHLY PAYMENT MODEL, SOME INSTITUTIONS I RECOMMENDED TO LOANDISK, DECLINED ON THE BASIS THAT THEY WANTED A ONE-OFF/LIFETIME SUBSCRIPTION. AND OTHERS DID SUGGEST ATLEAST USD 20 PER USER/MONTH FOR A SINGLE USER.

2. BEING CLOUDBASED MEANS THAT VILLAGES IN UGANDA WITHOUT INTERNET INFRASTRUCTURE SIMPLY CAN'T USE IT AND WOULD PREFER A WINDOWS DESKTOP APPLICATION.

Alternatives Considered

FranConnect

Reasons for Switching to Loandisk

ITS STRAIGHT FORWARD DESIGN AND OPTIONS ESPECIALLY ON LOAN INTREST CALCULATIONS
juan
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.

Osbert
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.

Showing 5 reviews of 24 Read all reviews

Loandisk FAQs

Below are some frequently asked questions for Loandisk.

Loandisk offers the following pricing plans:

  • Starting from: US$49,00/month
  • Pricing model: Free Version, Subscription
  • Free Trial: Available

Startup version costs $ 49 per month for 1 member of staff Business version costs $ 109 per month for 3 member of staff Company version costs $ 198 per month for 8 member of staff Enterprise version costs $ 298 per month for unlimited staff

Loandisk has the following typical customers:

Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1 000, 1 001–5 000

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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