A Loan Collection System (LCS) manages the repayment and recovery workflow — the layer your LMS doesn't cover. LMS handles origination, KYC, disbursement, and accounting. LCS handles what comes after disbursement: EMI tracking, UPI AutoPay/eNACH mandates, failed payment recovery, overdue prioritisation by DPD bucket, Promise-to-Pay follow-up, field collection agent dispatch, and bank reconciliation. FastFee is an LCS that works alongside any LMS for NBFCs, MFIs, and cooperative societies.
Loan Collection System for NBFCs & MFIs
FastFee is the collection layer your LMS doesn't have. It manages everything from mandate to reconciliation — so your LMS handles origination and accounting while FastFee handles repayment, overdue, and recovery.
Works alongside FinnOne, Nucleus, Finflux, Branchsol, and any other LMS — no rip-and-replace required.
LMS vs Loan Collection System — What Each Does
Most NBFCs have an LMS. Most are missing the dedicated collection layer — which is why overdue accounts accumulate faster than the ops team can work through them.
How FastFee LCS Works
From LMS flagging a due EMI to cash in bank — the full collection and recovery workflow.
Who Uses FastFee as an LCS
EMI collection, eNACH mandate management, DPD reporting for board/RBI, field recovery for NPA accounts
JLG/SHG group collection, weekly instalment tracking, field agent dispatch, centre meeting reconciliation
Member loan repayment tracking, multi-branch collection, field agent app, end-of-day cash reconciliation
Cross-state branch visibility, member-level collection, PTP compliance across districts
Monthly EMI tracking, eNACH mandate, overdue follow-up via WhatsApp, reconciliation
Vehicle loan EMI, GPS field collection for overdue vehicle hypothecation accounts, repossession queue
FAQ
What is a Loan Collection System (LCS)?
An LCS manages the repayment and recovery workflow — what happens after loan disbursement. It tracks EMI due dates, executes AutoPay/eNACH mandates, handles failed payments, prioritises overdue accounts by DPD bucket, dispatches field agents, tracks Promise-to-Pay, and reconciles bank receipts. Different from an LMS which handles origination, KYC, disbursement, and accounting.
What is the difference between LMS and LCS?
LMS = origination side (application → KYC → credit → disbursal → accounting). LCS = repayment side (EMI → mandate → debit → failed debit → overdue → field collection → PTP → reconciliation). Most NBFCs have an LMS but not a dedicated LCS — which is why recovery is manually intensive.
Can FastFee work alongside my existing LMS?
Yes. FastFee is designed as a collection layer alongside any LMS. EMI schedules import from the LMS; payment and reconciliation data exports back. No rip-and-replace required.
Does FastFee work for cooperative credit societies?
Yes. FastFee supports cooperative credit societies (CCS), MACS, and PACS — member loan repayments, weekly collection rounds, field agent tracking, multi-branch visibility, and end-of-day reconciliation.
Add the collection layer your LMS is missing
Mandate, DPD buckets, field collection, PTP, reconciliation — live demo on your portfolio in 10 minutes.
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