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HES Online Lending Software vs Loanbook

HES Online Lending

Its also known as HES Lending Software.

Multi-feature software that manages the complete life cycle.

  • Loan origination,
  • Loan servicing,
  • Collection management,
  • Targets include:
  • Microfinance Institutions,
  • Peer-to-peer lenders,
  • POS Lenders,
  • SME Lenders,
  • Commercial Lenders and Banks

Loan Servicing

  • Accounting Management
  • Amortization Schedule
  • Auto Loans
  • Automatic Funds Distribution
  • Borrower Management
  • Business Loans
  • Collateral Tracking
  • Collections Management
  • Compliance Management

Commercial Loan

  • Asset Management
  • Audit Trail
  • Complex Debt Structures
  • Dashboard
  • Document Management
  • Exposure Management
  • Lead Management
  • Pipeline Management
  • Risk Management
  • Trend Analysis

Pros

  • Advanced features for advance lenders
  • Suitable for any size of lenders
  • Web based Version
  • Highly customized for Microfinance, Peer-to-peer lending, POS Lending, SME Lending, Commercial Lending, Banks.

Cons

  • Expensive starting from $25000.00/one-time
  • Complex to use, require paid training

LoanBook

Loanbook is a simple lending system targeting simple lenders, provides essential loan portfolio management tools.

Some of industry served by Loanbook includes:

  • Micro finance Industry
  • Payday Lenders
  • Peer-to-peer Lenders
  • Individual Lenders
  • Personal Loan Calculator.

Features include

  • Loan Origination
  • Loan Disbursement
  • Loan Servicing
  • Collection Management
  • Electronic payments (Paypal and Cards)
  • Reports and Analytics


Pros

  • Easy to use
  • Free to Get Started
  • Excellent user support
  • Multi-platform – Web, Windows, Linux, MacOS


Cons

  • Lacks Advance features such as ACH payments, Fund Pooling, Escrow System,  investor participation
  • Suitable for small lender only