What is the Loan Against Property (LAP) module in M2P Loan Management System?
M2P’s LAP module is a customizable, end-to-end loan management system designed specifically for managing secured loans backed by property collateral. It automates the origination, underwriting, disbursement, servicing, and closure processes.
How does the LAP module streamline the loan lifecycle for lenders?
The loan management system configured for LAP enables lenders to automate document collection, property verification, LTV calculations, EMI scheduling, and compliance checks, reducing manual intervention and improving TAT.
Can the LAP module be configured for different property types and borrower profiles?
Yes, the loan management system supports configuration for residential, commercial, or industrial properties, and can handle different borrower segments: salaried, self-employed, or SMEs.
Does it support integration with credit bureaus and property valuation APIs?
Absolutely. Our digital lending suite enables seamless integration with credit bureaus (like CIBIL, Experian) and third-party APIs for automated property valuation, legal verification, and KYC checks.
Can lenders set custom LTV, interest rates, and risk grading logic?
Yes, the platform is highly configurable. Lenders can define their own loan-to-value ratios, pricing tiers, credit risk rules, and eligibility criteria.
Is there a provision to manage co-applicants and guarantors?
Yes, the system supports capturing and managing details of co-applicants and guarantors, including their documentation and credit profiling.
How does the system manage overdue accounts and NPAs?
The LAP module has built-in features for delinquency tracking, automated reminders, and custom recovery workflows. It also flags NPAs based on RBI guidelines or your internal policies.
Does M2P’s LAP module support both fixed and floating interest rates?
Yes. The system allows configuration of both fixed and floating rate loans, including periodic interest re-calculations based on repo-linked or MCLR-based lending.
Can we track collateral details and property documents within the system?
Definitely. M2P offers a digital repository for storing, tagging, and tracking all property documents, legal clearance certificates, and insurance records.
Is the LAP system scalable across branches and digital lending channels?
Yes. M2P’s architecture supports multi-branch deployment and omni-channel lending—from in-branch applications to digital onboarding through web and mobile apps.
