Private money lenders
Record-keeping software for private money lenders and small financiers
Private lending runs on relationships, but relationships need records. Vasool Raja helps individual lenders and small finance firms keep borrower ledgers, statements and collections in order, so every amount can be explained.
Good records protect both sides
For a private lender, the ledger is the business. If it is incomplete, you lose track of what is owed, and the borrower loses confidence in what you say. Accurate records also make it easier to show, if ever asked, what was lent, on what terms and what has been repaid.
Vasool Raja is record-management software. It does not provide loans or financial services; it helps you keep the records that your lending already needs.
Borrower ledgers and statements
Create a profile for each borrower and keep every loan, payment and correction beneath it. Statements and payment histories can be exported as PDFs, so a borrower can see their position clearly. You can import existing loans and keep running them from today.
- Daily, weekly, monthly and monthly-interest loans
- Closure, default and renewal flows
- Discounts recorded instead of silently adjusted
Fair, written-down rules
If you charge penalties, set the rule once in the app: grace sessions, fixed or percentage amounts and maximums. Waivers are recorded. Writing rules down makes them consistent across borrowers and easier to explain. Use reminders and WhatsApp follow-up to collect politely, and avoid pressure tactics.
Keeping borrower data private
Borrower details are sensitive. The app supports secure sign-in, app lock with biometric or PIN unlock, and optional passcode-protected encryption for personal information. Role permissions limit what staff can see.
Compliance is your responsibility
Many Indian states have money-lending laws covering registration, interest limits and how records must be kept. Vasool Raja does not register you, set your rates or check whether your terms are lawful. Confirm the rules in your state with a qualified advisor and run your business within them; the app helps you keep the records tidy.
Seeing your whole book at a glance
Private lenders often carry the whole book in their head. Portfolio health shows loans as running, late, bad or completed, and overdue drilldowns list the borrowers behind each group. Profitability reports bring interest, expenses, discounts and penalties together, so you know whether the business is earning what you think it is.
Common questions
Is Vasool Raja a licensed lender or NBFC?
No. Vasool Raja is a software tool for keeping records. It is not a lender and does not grant any lending permission.
Does the app make sure my interest rate is legal?
No. Interest limits and registration depend on your state’s money-lending law. Please confirm them with a qualified advisor.
Can I keep borrower phone numbers and addresses protected?
Yes. You can use app lock, biometric or PIN unlock, role permissions and optional passcode-protected PII encryption.
Can I record a discount when a borrower settles early?
Yes. Discounts are recorded as part of the closure flow, and closure can require approval, so the reason stays on record.
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.