The ultimate end-to-end hire purchase system. Manage live line collections, instant 0-second WhatsApp receipts, 12 official government RTO & legal print forms, live VAHAN vehicle auto-fill, and multi-branch vaults with zero calculation breakdown.
Finance Software Leadership
Statutory RTO Compliance
Direct WhatsApp Messaging
Isolated Database Security
Compare traditional Hire Purchase Flat Rate interest against modern Reducing Balance EMI amortization side-by-side with complete schedule transparency.
Automated generator for all 12 mandatory Central Motor Vehicles Rules (CMVR 1989), Police Intimation, Repossession, and Legal Demand documents.
Application for endorsement of Hire-Purchase / Hypothecation agreement in the Registering Authority (RTO) database subsequent to registration.
Live Form 34 PreviewApplication for termination and cancellation of hypothecation endorsement upon complete loan settlement and zero-dues clearance.
Live Form 35 PreviewOfficial clearance letter with dynamic QR token for digital RTO verification, branch seal, and vehicle chassis/engine validation.
Live NOC PreviewStatutory final demand notice addressed to Borrower and Guarantor giving 7-day cure period before seizure or arbitration action.
Live Demand NoticeFormal intimation delivered to the Station House Officer (SHO) prior to vehicle repossession to ensure legal transparency.
Live Police NoticeOn-site vehicle condition checklist recording odometer reading, battery, tyres, accessories, and 2 independent witness signatures.
Live PanchanamaEvery finance company operates with specific settlement rules. I AutoFin supports 4 distinct closing methods out of the box:
Total Contract Value minus Total Paid plus Accrued Overdue Penalty Charges.
Calculates unearned interest rebate for early pre-closure according to statutory hire purchase formulas.
Closing based on exact remaining principal outstanding + interest till closing date + foreclosure fee.
Authorized full or partial waiver on default interest, late payment fines, or documentation charges.
Configure company-wide overdue penalty calculation formulas with complete freedom from administrative settings:
| Control Parameter | Configurable Options | Default Setting |
|---|---|---|
| Default Interest Engine | Flat Rate (HP) / Diminishing Balance | Flat Rate |
| Penalty Calculation Mode | Fixed Daily (₹/day) OR Monthly Percentage (%) | ₹10/Day |
| Grace Period Days | 0 Days, 3 Days, 5 Days, 7 Days | 3 Days Grace |
| Fast Auto-Pending List | Direct pros2.php real-time calculation | Zero Lag |
Everything you need to originate loans, track daily line collections, monitor field collectors via GPS, manage advance cheques, and prevent NPAs.
Organize daily customer accounts into Area → Street hierarchy folders. Field staff collect route by route with zero missed accounts.
Store and track Security Cheques and Post-Dated Cheques (PDCs). 1-Click trigger for Section 138 NI Act Cheque Dishonor legal notices.
Vasool Easy style live map plotting borrowers, collection staff locations, pending overdue clusters, and optimized collection paths.
Auto-load vehicle maker, model, owner serial (1st / 2nd owner), and recommended LTV based on Indian Motor Tariff (IRDAI) depreciation.
Manage multiple financing companies and branches under one roof with isolated database filtering and strict access permissions.
Print 2-inch and 3-inch instant receipts on standard ESC/POS Bluetooth thermal printers in English, Tamil, and regional languages.
