Evika Loans

Overview

Evika Loans manages the full lending lifecycle — applications, assessment, sanction and disbursement through repayment and collections — in one connected workflow.

Key capabilities

• Loan applications and applicant management
• Loan products
• Eligibility and assessment
• Sanction and disbursement
• Repayment schedules and EMI management
• Collections

Functional areas

• Outstanding balances
• Interest and charges
• Loan servicing and documentation
• Accounting integration
• Reporting

Business benefits

• Faster, more consistent loan approvals
• Clearer visibility into collections and repayment status
• Fewer manual handoffs across the lending lifecycle
• Portfolio insight without separate reporting tools

Loan Product Configuration

• Define loan products with amount, tenure, repayment and commercial parameters
• Establish product-level eligibility and processing rules
• Maintain interest, fees and applicable charges as structured product configuration
• Apply the same product rules consistently across every applicant

Customer & Applicant Onboarding

• Capture applicant and customer information required for the lending process
• Maintain application history and supporting documentation references
• Keep customer identity and loan relationships connected across the lifecycle

Credit Appraisal & Assessment

• Structured credit appraisal workflow capturing bureau score, risk grade and FOIR alongside the analyst's assessment
• Record assessment information and decision rationale against the application
• Surface missing or exceptional information before approval
• Preserve the appraisal trail for subsequent review

Sanction & Approval

• Route applications through the appropriate approval process
• Record sanctioned amount, tenure, rate and other approved terms
• Preserve any difference between requested and sanctioned terms
• Maintain approval history and accountability

Disbursement

• Convert approved loans into controlled disbursement events
• Support multiple or partial disbursements against a single loan
• Maintain the link between sanction, documentation and the actual release of funds
• Feed the financial impact into Evika ERP

Interest, Charges & Repayment Scheduling

• Generate the repayment structure from approved loan terms
• Maintain instalment/EMI due dates and amounts
• Track interest and applicable charges through the loan lifecycle
• Preserve historical schedules when terms change, rather than overwriting prior obligations

Loan Servicing & Collections

• Maintain the current contractual and operational position of every live loan in one place
• Track scheduled repayments against actual collections, with overdue amounts surfaced for follow-up
• Keep loan documents and transaction history linked to the facility
• Give servicing teams one view instead of separate origination and collection records

Accounting Integration

• Connect disbursements, repayments, interest and charges to Evika ERP
• Reduce duplicate accounting entry and reconciliation
• Preserve loan and customer context against every financial posting

Portfolio Reporting

• Portfolio-level summary reporting — disbursed, outstanding, overdue and collections
• Per-loan risk grading stays visible alongside servicing status
• Supplies Ask Evika with the connected lending data behind portfolio and repayment insights

The lending lifecycle

Integration with Evika One

Evika Loans connects with Evika ERP for financial consolidation and with Ask Evika for portfolio and repayment-risk predictions.