Orion Overview
Comprehensive Loan Management System
Orion manages various types of loans like Term Loan, Education Loan, Micro Finance etc. The system automates the painstaking and time- consuming book keeping chores of loan servicing and loan collection process. For organizations of any size and volume of work, Orion is the best solution for effective loan servicing. The solution covers the loan management processes of two major types of Corporations.
Key Features
Orion enables streamlined loan management for state agencies and central funders, including online processes, repayment, defaults tracking, and analytics.
Orion for State Channelizing Agencies/ State Financial Corporations
- Online Loan Application
- Application Scrutiny
- Surety Details
- Legal Vetting for Collaterals
- Disbursement
- Repayment Schedule and Details
- One Time Settlement (OTS)
- Repayment from any Bank
- Demand Generation
- Identifying Defaulters
- Notices
- Loan Closure
Orion for Apex Corporations/ Central Funding Agencies
- Notional Allocation
- Annual Action Plan
- Guarantee Details
- Sanction
- Drawl Request
- Disbursement
- Repayment Schedule and Details
- One Time Settlement (OTS)
- Demand Generation
- Identifying Defaulters
- Notices
- Loan Closure
Value Added Features
- Mobile Application
- MIS, Dashboard and Data Analytics
Solution Benefits
- Ease in setting up multiple loan types for different target groups with different eligibility criteria & repayment.
- Demand processing time is significantly reduced.
- Accuracy in calculations with strict validations being brought in.
- Increased efficiency in tracking of Repayment Schedules.
- More beneficiaries can be registered due to ease of use and faster processing time.
- Easy setup of Repayment Holidays during the loan tenure based on conditions.
- Rescheduling Loan Repayments based on conditions.
- Integration with Banks for monitoring repayments by beneficiaries.
- Easy tracking of defaulters.
- Paperless Processing .