Which months are paid
Interest-only loans run for months or years and gaps are easy to miss.
Software for monthly interest and monthly EMI loans
DailyRupee manages monthly loans where the borrower pays only interest each month or a fixed monthly EMI. It calculates each month’s due, tracks interest received and principal outstanding, applies penalties to late payments and alerts you before maturity. It costs ₹1,000 a year and works in 9 Indian languages.
What is monthly interest loans software?
Monthly interest loans are common for traders, landlords and salaried borrowers: interest is paid monthly and the principal is returned at the end or in parts. Tracking which months are paid is where notebooks fail.
What problems do monthly interest loans businesses face today?
Part principal repayments
Reducing the principal changes future interest.
Maturity follow-up
Loans that reach maturity without action become overdue silently.
How does DailyRupee help monthly interest loans businesses?
Interest-only or EMI
Choose monthly interest-only or monthly flat EMI per loan.
Monthly due list
See every loan due this month with arrears.
Maturity alerts
Notifications for maturities today and overdue loans.
Outstanding report
Principal and interest outstanding by customer, area or agent.
How do you get started?
Add the loan
Enter amount, monthly rate and interest-only or EMI.
Collect monthly
Record payments; interest and principal are allocated automatically.
Close or renew
Close at maturity or pre-close with full history.
Notebook vs DailyRupee: what changes?
| Task | Notebook / Excel | DailyRupee |
|---|---|---|
| Months paid | Ticks in a notebook | Installment schedule with paid / overdue colours |
| Interest earned this year | Calculated by hand | Collection and P&L reports |
| Maturity | Remembered | Maturity notifications |
Frequently asked questions
Does DailyRupee support interest-only loans?
Yes. Monthly, weekly and daily loans can be interest-only, with the principal repaid at the end.
Can I charge a penalty for late interest?
Yes. Penalties are configured per business and calculated automatically.
Can customers get a receipt for interest paid?
Yes. Every payment generates a receipt you can print or share on WhatsApp.
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