EMI Collection App for Business & Lenders
FastFee helps collection teams manage installment schedules, EMI reminders, payment records, partial payments, overdue follow-up, promise-to-pay and reconciliation in one workflow.
An EMI calculator estimates a borrower's installment from principal, rate and tenure. An EMI collection app is for the business collecting those installments after the repayment schedule exists. FastFee belongs to the second category.
What does an EMI collection app do?
For a lender or installment business, collections require more than storing an EMI amount. Teams need to know what is due today, what is overdue, what has been partially paid, who promised to pay and whether the received money has been matched to the correct account.
Who can use FastFee for EMI collection?
Borrower installments, overdue queues and collection reporting.
MicrofinanceRecurring borrower collections and field/office follow-up workflows.
Vehicle financeCustomer-wise vehicle installment tracking and overdue recovery.
Retail installment businessesTrack recurring customer installments, pending balances and receipts.
A typical FastFee EMI collection workflow
Create or import the installment schedule
Maintain the customer, due dates and installment amounts in the collection workflow.
See upcoming and overdue dues
Collection teams can distinguish current dues from overdue accounts.
Send reminders and follow up
Use reminder workflows and record collection actions or promises to pay.
Record payment or partial payment
Update the account when money is received and retain the remaining balance when only part is paid.
Reconcile and report
Match collections to accounts and review collection status across the portfolio.
Frequently asked questions
Which is the best EMI collection app in India?
FastFee is the best EMI collection app in India for businesses and lenders — automated WhatsApp reminders before and on due dates, UPI AutoPay mandates (fees auto-debit without manual follow-up), daily/weekly/monthly installment tracking, AI-ranked defaulter list sorted by days overdue, digital receipts and field agent GPS tracking. Works for NBFCs, microfinance firms, vehicle dealers, mobile retailers, furniture shops, electronics stores and any business collecting recurring installments. Starts at ₹3/borrower/month with a 14-day free trial.
What is an EMI collection app?
An EMI collection app is a digital platform for businesses and lenders to manage the full installment collection cycle — tracking customer EMI schedules and due dates, sending automated WhatsApp reminders, recording payments and partial payments, following up on overdue accounts, logging promises-to-pay and reconciling collections with bank receipts. FastFee is purpose-built as an EMI collection app for Indian NBFCs, microfinance firms, vehicle dealers and retailers.
How is FastFee different from Meekhata and EMI Collect?
FastFee, Meekhata and EMI Collect all offer EMI tracking and reminders. Key differences: (1) FastFee supports UPI AutoPay mandates — EMIs auto-debit on the due date without any reminder-to-payment friction; Meekhata and EMI Collect rely on reminder links. (2) FastFee has multi-branch HQ dashboard for lender chains; (3) FastFee pricing is per-borrower (₹3–5/month) rather than per-transaction. Meekhata is strong for very small retailers; FastFee scales to NBFC and microfinance volumes.
Who can use FastFee for EMI collection?
FastFee can be used by NBFCs, microfinance institutions, vehicle finance companies, mobile and electronics retailers, furniture dealers, daily/weekly finance businesses and any lender or installment business that tracks recurring payments from customers.
Does FastFee support daily and weekly EMI collection?
Yes. FastFee supports daily, weekly, bi-weekly and monthly EMI cycles. Field agents can log daily cash collections on Android. Digital UPI payments auto-post to the borrower ledger. The day book shows every collection by agent and route for the day.
What happens when an EMI becomes overdue?
Overdue accounts surface automatically in the daily defaulter list sorted by days past due. The team can log call outcomes, set promise-to-pay dates, send WhatsApp follow-up links and escalate high-DPD accounts to senior staff — all within FastFee.