AscendryxProduct
LoanKit
Lending management for companies and cooperatives that have outgrown spreadsheets. Every loan, payment, penalty and peso in one system, from the application form to the general ledger.
The problem
Lending breaks at the edges
The loan ledger is usually fine. What goes wrong is everything around it: collectors holding cash, penalties computed by hand, branch numbers that do not reconcile, and nobody able to say what is actually outstanding today.
Cash that moves before it is recorded
Collections are taken in the field and encoded hours later, sometimes differently. LoanKit records the collection where it happens, then requires the office to confirm it against the deposit.
Interest and penalties by hand
Manual computation is where disputes start. Schedules, interest, penalties and caps are computed by the system on the same rules for every borrower, every day.
Branches that do not tally
Each branch keeps its own book and head office adds them up at month end. Here the branches are views of one ledger, so the consolidated number exists at all times.
What is inside
The whole lending cycle
Applications and approval
Capture applications in the office or through a public online form on your own link. Documents, photos and identification are attached to the record. Approvals, declines and release are separate steps with separate permissions.
Loans and schedules
Daily, weekly, semi-monthly and monthly terms. Flat or diminishing interest, service charges, advance interest, renewals and restructures, with the amortisation schedule generated and kept in step with every payment.
Collections and field work
Collectors work from a worklist on their phone. The app keeps working when the signal drops and syncs when it returns. Payments are marked pending until the office confirms them against the cash received.
Remittance and deposits
Collected cash is remitted, confirmed and then recorded as a bank deposit, so the gap between what a collector holds and what the bank shows is always visible.
Accounting
A chart of accounts underneath the operations. Releases, collections, interest income, fees, penalties, expenses and inter-branch transfers post as journal entries, and the reports come from the ledger rather than a separate spreadsheet.
Credit history and scoring
Payment behaviour is classified as it happens, so a borrower who always pays late is visible before the next release. An optional credit score can drive re-loan limits and revolving credit lines.
Borrower portal
Borrowers can check their balance, see the schedule, view their loan agreement and track an application, without calling the branch to ask.
Notifications
Email and SMS at the moments that matter: application received, approved, released, payment due and payment recorded. Message templates are edited by you, not by us.
Controls
Built for offices where money changes hands
Most of the difficult features in LoanKit exist because of one question: how do you know that what the system says matches what is in the drawer.
- Roles and branch scope. Staff see the branches they belong to. Sensitive screens are limited to the owner.
- Two-step collections. Field-recorded payments stay pending until the office confirms.
- Duplicate protection. Repeat submissions of the same application or payment are rejected rather than doubled.
- Balance adjustments are logged. Corrections to principal, interest or penalty are an explicit, recorded action.
- Audit trail. Administrative changes are recorded with the user who made them.
Optional modules
Turn on what you need
Not every lender wants every part. Modules are enabled per client, so the screens you do not use stay out of the way.
See it with your own numbers
We will set up a demo tenant, load a few of your real loan types, and walk through a full cycle from application to collection. Pricing depends on branches and users, and we quote it in writing.