MSCS Software

The MSCS software provides deposit loan management tailored specifically for Multistate Cooperative Societies, enabling clients to process loans efficiently while minimizing the risk of closing a deposit with a lien. It simplifies the complex pre-closure rules for both collateral deposits and deposit loans, automating the entire process from start to finish and simplifying statements. Without this software, managing deposit loans would be highly intricate.

Key Features

• Can define various types of loans and its attributes.
• Application processing.
• Calculation of the recommended amount considering the balance of the deposit and other liabilities associated with it.
• A customizable asset grading system and Non-Performing Asset (NPA) report that users can define.
• Determining the interest amount from a specified date and reverse-calculating the interest-applied date based on a given amount.
• Displaying transaction history directly on the ledger entry screen.
• The total liability of the borrower.
• Lien statement.
• Automatic updating of lien details upon disbursement, receipt, and closure.
• Various types of arrear/ balance statements.