FAQ
Questions about LendCore
Is LendCore aligned with RBI rules?
It is built around them: IRACP asset classification and NPA upgrades, penal charges as per the 2024 circular, KFS acceptance by OTP before disbursal, and cash limits under §269ST.
Can we run it before our integrations are live?
Yes. Every integration has a simulation mode that validates inputs like the real API, so you can run UAT or a parallel run alongside your current system.
Can each branch see only its own loans?
Yes. Roles are scoped to all, branch or own data, and assigned per branch, with safeguards against privilege escalation.
Which loan products does it support?
Personal, gold, home, LAP, vehicle, two-wheeler, business, MSME, education, agri, microfinance group loans, consumer durable, salary advance and credit lines, each with its own limits, rates and charges.
Can collections staff use it in the field?
Yes. Field teams can log visits with location, record payments and promises to pay, and managers see the collection queue update the same day.
Can we migrate our existing loan book?
Yes. Existing loans and their payment history can be imported, and we reconcile balances loan by loan before you switch over, ideally with a short parallel run.