BridgeLogic Software Vehicle Loan solution manages every aspect of auto finance servicing life-cycle through delinquency management, placement and recovery. It offers seamless support for the needs of the borrower, dealer, internal staff, and management.
Auto Loan Software is a fully automated solution for auto finance and financial management companies. All the information are provided clearly and easily accessed by using auto loan software. A certain part of the purchase value of the loan is provided as financing. In return, the vehicle owner has to pay back an EMI every month consisting of principal & interest. This is a fully secured loan where the vehicle is considered as collateral.
Until the time the loan is not paid fully, the actual ownership of the vehicle belongs to the bank or the NBFC. Once the principle and interest are paid back in full, the ownership gets transferred back to the customer.