EMI tracking
EMI tracking software for small finance businesses
Banks have loan systems; small financiers usually have a notebook and memory. Vasool Raja gives you instalment-level tracking for every borrower, so you can see which EMIs are due, paid, partly paid or missed without flipping pages.
Tracking EMIs, not just collections
Collecting money and tracking EMIs are not the same thing. A collection total tells you how much came in today. EMI tracking tells you, for each borrower, which instalment that money settled, what is still pending and how far behind the loan is.
In Vasool Raja every payment is recorded against a loan, so the instalment position and outstanding balance stay current. Daily, weekly and monthly schedules all work the same way, so your team learns one method.
Clear rules for late and partial EMIs
Late fees cause more arguments than almost anything else in small finance. Writing the rule down in the app removes guesswork. You can choose fixed or percentage penalties, grace sessions, rules for missed or partial payments, maximum penalty amounts, and whether a payment settles the penalty or the instalment first.
- Penalties calculated by your configured rules
- Waivers reviewed and kept in an audit trail
- Payment corrections recorded, not overwritten
Overdue buckets and portfolio health
Portfolio health shows loans as running, late, bad or completed, and overdue drilldowns let you open a group and see the borrowers behind it. This is the view to check every week, before small delays turn into defaults.
Statements borrowers can understand
When a borrower asks how much is left, you can open the loan statement and payment history, or share a PDF. Labels are available in English, Hindi and Tamil, which helps when the borrower prefers to read in their own language.
Where EMI tracking fits in your business
Vasool Raja is a record-management tool. It does not provide loans or financial services. It is meant to help owners and teams keep accurate instalment records, collect respectfully and review the book with facts.
Bringing an existing EMI book across
Most owners already have running loans when they start. You can import existing loans with their current position, so tracking starts from where each borrower actually stands. It is worth checking a few imported balances against your register on the first day; once they agree, the app keeps the instalment position current from then on.
Common questions
Does the app calculate penalties on late EMIs automatically?
Yes, if you turn penalties on. They follow the rules you set, such as grace sessions, fixed or percentage amounts and maximums, and can be waived with a record.
Can I track EMIs for loans given before I started using the app?
Yes. You can import existing loans and continue tracking their instalments from where they stand.
Is this the same as bank EMI software?
No. Vasool Raja is designed for small finance businesses that run their own collection lines, with schedules, agents and closing tallies built around that work.
Can I see EMIs for one line only?
Yes. Each line has its own dashboard and collection view, and company-wide reports bring all lines together when you need the full picture.
See it with your own lines
Start with a 60-day free trial.
No card required. Vasool Raja is record-management software and does not provide loans or financial services.