Loan management software automates and manages end-to-end processes in a loan lifecycle. Traditional loan management requires lenders – banks, NBFCs, fintechs, etc. – to go through a lengthy and time-consuming process that includes assessing and verifying information about applicants and their ability to meet debt and other obligations.
Source: https://www.scoreme.in/everything-you-need-to-know-about-loan-management-software