Finance software with feature for Daily Loan, Monthly EMI, and Fixed EMI features is ideal for microfinance. These systems allow administrators to create customized loan plans where repayments can be collected daily, monthly, or through fixed equal installments over a specified period. Key functionalities typically include automatic EMI scheduling, interest and penalty calculation, amortization tables, payment reminders, and collection tracking.
This type of software helps streamline loan management, reduce defaults, and ensure better compliance and financial planning.