Frequently asked questions
Questions about MicroByz — lending and bookkeeping software for small money-lending businesses in India. In short: it calculates EMI and interest automatically, supports daily and monthly collection cycles, lets field agents collect offline with owner approval, produces borrower ledgers and receipts, and costs ₹6,999 per year per lending business with every feature included and no per-user fee.
Updated 27 October 2026
What is money lending software?
Money lending software manages a lending business end to end: creating loans, calculating EMI and interest automatically, recording borrower repayments, keeping a daily cashbook, and producing profit-and-loss reports. MicroByz does all of this in one place for private money lenders, credit co-operatives, small microfinance institutions and SHG financiers in India.
Which is the best loan management software for money lenders in India?
It depends on the size of the lending book. Banks, large NBFCs and MFIs with RBI reporting and credit-bureau obligations need an enterprise core-lending suite. Small private lenders running daily- or monthly-collection loans with field agents are better served by a flat-priced tool: MicroByz covers exactly that case at ₹6,999 per year per business, and you can start free before paying.
Does MicroByz calculate EMI and interest automatically?
Yes. Set the loan amount, interest rate and tenure, and MicroByz calculates the EMI and keeps the outstanding balance, overdue amount and loan status up to date as each repayment is recorded. You never maintain a repayment schedule by hand, including after a late or partial payment.
Can field collection agents use MicroByz on their phones?
Yes. Agents record daily collections on their phone, including with no internet connection — entries are saved on the device and sync when a signal returns. Each submission arrives for the business owner as pending, and only becomes a ledger entry once the owner approves it, with a full audit trail of who recorded and approved what.
Does MicroByz support daily collection loans?
Yes. Collection cycle is set per loan plan, so daily and monthly loans run side by side in the same book. Daily collection is a native loan type rather than a workaround, which matters because a 100-day tenure is 100 separate transactions per loan.
Can I track the capital and funding behind my lending?
Yes. The capital and funding register tracks the money the lending business itself has borrowed — bank term loans, investor money and interest-only credit lines — recording principal received, interest due, repayments and outstanding liability against each source. Most loan tools track only money lent out, which is half the picture.
Can I generate loan receipts and borrower ledger statements?
Yes. MicroByz produces borrower-wise ledger statements and payment receipts, so every borrower has a clear record of what they have repaid and what remains. Reports also export to Excel for your accountant.
How much does MicroByz cost?
MicroByz costs ₹6,999 per year per lending business. Pricing is per business rather than per user, so adding collection agents costs nothing extra, and the subscription includes every feature. There is no setup fee and no credit card is required to create an account.
Can one account manage more than one lending business?
Yes. A single login can run multiple lending businesses and switch between them, each with its own borrowers, loans, agents and books kept entirely separate.
Do I need to install anything?
No. MicroByz runs in any web browser and can be added to a phone home screen like an app, with no app-store download and no setup fee. There is also a dedicated offline-first mobile app for collection agents working in the field.
Is MicroByz suitable for a bank or a large NBFC?
No. MicroByz is built for small lending books, roughly 20 to 2,000 active loans, and does not provide RBI regulatory returns, SMA/NPA classification, credit-bureau submission or a loan origination and underwriting engine. Regulated entities needing those should use an enterprise core-lending suite.
Can I move from an Excel sheet to MicroByz?
Yes. Enter your active loans with their current outstanding balances as the opening position and carry on from there, keeping the spreadsheet as a historical record. Reports export back to Excel, so anything your accountant already relies on keeps working.
More detail
Money lending software for small lenders in India · Daily collection loan software · Comparison by lender size · Excel alternative
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