Almost everything in Moneylender is configurable. If you see a feature listed, it is usually an option to choose, or something you can turn on or off on a per-loan or per-portfolio basis.
This list touches on most of the commonly used capabilities of Moneylender. It is an extremely flexible and configurable calculation engine wrapped with a comprehensive array of servicing functions to give you accurate accounting and easy loan management.
Moneylender loan servicing software is easy to get started, intuitive to use, and has embedded links to the User’s Guide throughout the application to make it easy to access help when you need specifics about how something works.
| Feature | Support |
|---|---|
| Max Loans SupportedNo cap on portfolio size — production portfolios run past 100,000 loans. | Unlimited |
| Max Lenders SupportedTrack as many lending entities as you need in one portfolio. | Unlimited |
| Max Borrowers SupportedNo limit on borrower records, individual or commercial. | Unlimited |
| Max PaymentsEvery payment ever received stays in the portfolio's permanent history. | Unlimited |
| Strong Data EncryptionPortfolio files and network connections are encrypted at rest and in motion. | |
| Amortized LoansClassic principal-and-interest loans with scheduled payments and full amortization schedules. | |
| Seller FinancingService owner-financed sales like a bank, complete with statements, escrow and 1098s. | |
| Interest Only LoansPayments cover the interest while principal stays level, automatic balloon at the end when appropriate. | |
| Construction LoansDaily-interest loans with multiple draws disbursed as the project progresses. | |
| LeasesCyclical billing suits property and equipment leases tracked right alongside your loans. | |
| Lines of CreditRevolving balances with draws, repayments, and a credit limit to lend against. | |
| Cash / Payday LoansShort-term flat-fee lending with its own dedicated loan wizard. | |
| Informal / Friendly LoansUnstructured loans that earn interest indefinitely — payments happen when they happen. | |
| Balloon LoansSmaller scheduled payments with a single large payoff at maturity. | |
| Full Escrow SupportCollect, disburse and analyze escrow alongside every loan as needed. | |
| Multiple Users Working in the Same Portfolio (Network Connectivity)Licensed desktops share one portfolio over your network or the internet, with every edit visible in real time. | |
| Connect Programmatically Through the APIAutomate tasks and integrate Moneylender with your other business systems. | |
| Late Fees - FixedA set dollar amount charged when the grace period passes. | |
| Late Fees - Percent of PaymentThe fee is calculated as a percentage of the missed payment. | |
| Late Fees - IncrementalA fee that grows in steps the longer the payment goes unpaid. | |
| Late Fees - DailyPer-diem fees that accrue for each day the loan stays late. | |
| Late Fees - Daily (no weekends)Per-diem fees that skip Saturdays and Sundays. | |
| Per-Fee Grace Period OverridesIndividual late fee settings can override the loan's grace period. | |
| Configurable UnderpaymentControl how short payments apply to fees, escrow, interest and principal when the loan is behind. | |
| Handle OverpaymentExtra money applies automatically — no manual math. | |
| Allow Overpayment Carry ForwardAmounts paid beyond what's due can count toward upcoming payments. | |
| Principal Pay-DownApply extra funds straight to principal at any time. | |
| Interest Only PaymentRecord a payment that covers only the accrued interest. | |
| Prepaid Interest and FeesCollect interest or fees up front and track them against future accrual. | |
| Escrow DepositsAccept deposits into the escrow account with any payment. | |
| Multiple Disbursements per LoanHand out principal in tranches, draws or rounds — each recorded with its own date and amount. | |
| Simple Interest (principal earns interest)Only the outstanding principal accrues interest. | |
| Compound Interest (outstanding principal, interest and fees earn interest)Unpaid interest and fees join principal in earning interest. | |
| Interest - Annual RateStandard annual percentage rates applied on the loan's schedule. | |
| Interest - Fixed AmountCharge a flat amount of interest per period instead of a rate. | |
| Interest - Percent of Original LoanInterest computed against the original principal amount. | |
| Interest - Percent of Outstanding PrincipalInterest computed against the current balance as it changes. | |
| Daily Interest (1/365, 1/360, 1/366, 1/365.25, 1/336) optimized and standard daily modes supportedPer-diem accrual with your choice of day-count conventions, including skip-the-31st support. | |
| Change Interest Rate Mid-LoanSchedule rate changes at any time throughout the loan. | |
| Change Interest Schedule Mid-LoanSwitch how and when interest accrues partway through a loan. | |
| Multiple Variable Rate IndexesCreate prime-style indexes with dated rate changes, and bind loan rates to an index plus a margin. | |
| Fixed Regular Payment AmountA set amount due each cycle. | |
| Dynamic Interest Only Regular PaymentThe amount due automatically matches the interest accrued that period as the balance changes. | |
| Interest plus Fixed Amount Regular PaymentInterest due plus a set principal pay-down each period. | |
| Change Regular Payment Mid-LoanAdjust the payment amount on any date without rebuilding the loan. | |
| Change Payment Schedule or Due Date Mid-LoanMove due dates or change payment frequency whenever terms change. | |
| Credit LimitSet the ceiling a revolving loan can draw against. | |
| Available CreditSee remaining credit per loan on the main window and reports. | |
| Metro2 Reports (for submitting to Credit Bureaus)Generate the Metro2 files data furnishers send so loans appear on borrowers' credit reports. | |
| IRS Form 1098 Preparation, Printing and E-FilingPrepare and send borrower 1098s each January, print with 1096 cover sheets, or e-file with the IRS. | |
| PointsTrack points charged at origination, reflected in APR and Truth in Lending figures. | |
| Enter any Account NumberUse whatever numbering scheme your business already has. | |
| Highly Configurable Automatic Account NumberingBuild numbering patterns with sequences, dates, and random digits. | |
| Loan SearchType in the search box to jump straight to any loan in the portfolio. | |
| Color-Coded Delinquency Status in the Main WindowLoans light up by how far behind they are — OK, due, late, 30, 60, 90, 120. | |
| Add Notes to LoanKeep a running record on each loan. | |
| Schedule Reminders on LoansSet follow-ups so loose ends get nailed down on time. | |
| Attach Files to LoansStore contracts, licenses and paperwork encrypted inside the portfolio, organized into nestable folders. | |
| Track Loan-Related ExpensesItemize per-loan expenses by category and report on them loan-by-loan or portfolio-wide. | |
| Inventory Tracking with Cost BasisTrack asset cost basis, sell from inventory with a down payment, and return repossessed items with an automatically recalculated basis. | |
| Create Loan ApplicationsStart prospective deals as applications before they become loans. | |
| Approve/Deny ApplicationsApprove to convert an application into a live loan, or deny and keep the record. | |
| Revert Loan to ApplicationSend a loan back to application status if the deal changes. | |
| Automatic File BackupsAutomatic backups as often as every five minutes — locally, to a network share, or into your Dropbox/OneDrive folder. | |
| Print StatementsPrint for one loan or in bulk for every open loan. | |
| Email StatementsSend hundreds of statements at once, with a per-send delivery report to spot email issues. | |
| Password-Protected PDF StatementsEmailed statements can be locked with per-borrower PDF passwords. | |
| Modify StatementsTweak any default template so it says exactly what you want. | |
| Create and Customize Regular StatementsDesign statements from scratch in the template designer, matching your branding. | |
| Create and Customize Letters and NoticesLate notices, demand letters, good-standing letters — any correspondence, auto-filled per loan. | |
| Create and Customize Payment Voucher BookletsPrint voucher books for borrowers who mail their payments, escrow included. | |
| Create and Customize Payoff QuotesItemized quotes with principal, interest, fees, and tentative payoff fees. | |
| Create and Customize Loan ContractsBuild contract templates — or import one from a Word document — and generate prefilled contracts instantly. | |
| Create and Customize Truth in Lending DisclosuresTILA disclosures with amount financed, finance charge and APR filled from the loan. | |
| APR Calculation using the Actuarial Method (identical results to WinAPR)Regulator-standard APR figures, including scheduled fees when applicable. | |
| Create and Customize Printable ChecksPrint checks for disbursements straight from the portfolio. | |
| Create and Customize Escrow Analysis LettersAnnual escrow analysis statements generated from the loan's escrow activity. | |
| Create and Customize Report HeadersBrand the tops of your printed reports. | |
| Add Logos/Images to StatementsDrop your logo and imagery onto any template. | |
| Append Reports to StatementsAttach a report — like a full payment history — to the end of any statement template. | |
| Generate and Attach Documents Without PrintingCreate a document from any template and file it on the loan without printing or emailing it. | |
| Customize the Per-Loan Information Displayed in the Main WindowChoose the columns that matter to you, including custom fields. | |
| Import Borrowers from ExcelMap spreadsheet columns onto borrower records and bring them in at once. | |
| Import Payments from ExcelBulk-load payment histories from a spreadsheet. | |
| Import Loans from ExcelMap spreadsheet data onto any loan wizard, including additional configuration records, to migrate nearly any loan structure. | |
| Export Entire Portfolio to CSVConvert the whole portfolio into a series of CSV files to use however you see fit. | |
| Export Loans to a Separate PortfolioCopy batches of loans into their own portfolio file — handy when investors want their own copy. | |
| Custom Loan Templates (Preconfigured New-Loan Defaults)Save your common deal setups to the New Loan menu for one-click loan creation. | |
| Auto-Generate Payment History on a LoanBackfill a loan's payment history as if every scheduled payment had been made. | |
| Auto-Add Payments to Multiple LoansRecord payments across many loans in one pass. | |
| Auto-Extend Loans beyond MaturityLoans can keep accruing and billing past their scheduled end. | |
| Bulk Editing Tools (Rates, Late Fees, Maturity, Engines)Apply interest rate changes, late fees, late fee settings, maturity updates and engine changes to many loans at once. Update the payment type for many selected payments. | |
| Select Loans from a Pasted ListPaste a list of account numbers to select exactly those loans for bulk actions or reports. | |
| Wraparound Loans - Match Principal Pay-DownThe wrapped loan's principal reduction mirrors the wrapping loan. | |
| Wraparound Loans - Forward All PrincipalAll principal received passes through to the underlying loan. | |
| Wraparound Loans - Match Due DateKeep the wrapped loan's due dates aligned with the wrapping loan. | |
| Nested Wraparound LoansWraps within wraps for multi-layer financing arrangements. | |
| Add Custom Fields to Loans, Lenders and BorrowersTrack VINs, policy numbers, collateral details — and show them on the main window, statements and reports. | |
| Rule of 78sPayoff quote allows for the refund of precomputed interest following the Rule of 78s. | |
| Daily Interest with Natural DaysAccrue by the actual number of days in each month. | |
| Daily Interest with Forced 30 Day MonthsTreat every month as 30 days for even accrual. | |
| Multiple Loan Calculation EnginesChoose the engine that matches your servicing style, including explicit amortization for chronically underpaying borrowers. | |
| Manually Adjust Any Balance at Any TimePost adjustments to principal, interest, fees or escrow on any date. | |
| Retroactively Edit Loan Information at Any Time - no need to roll back and re-create, ever.Change past terms and the whole calculation replays correctly from that point forward. | |
| One-Time FeesAdd a fee on any date — just the amount and the day. | |
| Recurring FeesServicing fees, insurance charges, or anything that repeats on a schedule. | |
| Fees Due at PayoffFees that only come due when the loan pays off. | |
| Schedule of Fees for Quick Reference and ApplicationA portfolio-level fee menu you can apply to loans in a click. | |
| Waive Late FeesForgive a fee in a couple of clicks, with the accounting handled. | |
| Defer Skipped PaymentsPush a missed payment out without penalties piling up. | |
| Special Situations (Forbearance, Reinstatement, Deferral, Interest Capitalization)Combine forbearance, reinstatement from delinquency, extended deferral, interest waiving or capitalization, and waiving of accumulated escrow due. Added when COVID happened. | |
| Multiple Borrowers per Loan (unlimited borrowers on a loan, up to four can be listed separately on Statements)Co-borrowers and guarantors on one loan, individually addressable on documents. | |
| Commercial and Individual BorrowersCompanies and people, each with the appropriate fields. | |
| Unlimited Lender Investors Per-LoanAny number of co-owners can hold shares of a single loan. | |
| Non-Owner Servicing LenderCollect from the borrower while the funds belong, in whole or in part, to other lenders. | |
| Partial OwnershipSet percentage stakes so each investor's share of repayments is tracked exactly. | |
| Discount EarnedBuy a note at a discount and track the discount as it's earned over the life of repayment. | |
| Discount RemainingAlways know how much of the purchased discount is still unearned. | |
| Automatically Waiving Late Fees If at Least a Regular Payment Is PaidSkip the fee when the borrower pays the regular amount, even if the account is behind. | |
| Automatically Waive Late Fees If Unpaid Amount is SmallDon't penalize trivial shortfalls. | |
| Automatically Waive Late Fee If Unpaid Amount Is below a Specific NumberSet your own dollar threshold for automatic waiving. | |
| Auto-Attach Copies of Statements and Notices to Loans When PrintedA permanent record of every document sent lives on the loan. | |
| Configurable Default Settings for New LoansSet portfolio-wide defaults so new loans start with your standard terms. | |
| Choose Preferred New Loan TypePick which loan wizard opens when you click New Loan. | |
| Prefer Commercial Borrower or Individual Borrower NamesWhen both are present, display borrower as Company or First Last. | |
| Change Currency Decimal PlacesZero to several decimal places, to fit the currency. | |
| Change Currency SymbolDollars, pounds, euros, or anything else — lenders use Moneylender worldwide. | |
| Multi-Character Currencies SupportedCurrency symbols of any length render properly on documents. | |
| Change Interest Rate Decimal PlacesDisplay rates as precisely as your terms require. | |
| Loan Nearing Maturity NoticeGet flagged when loans approach their maturity dates. | |
| Adjustable Amount Due Look-Ahead PeriodControl how far ahead Moneylender counts upcoming payments in the amount due. | |
| Payoff CalculatorA to-the-penny payoff amount for any date, with optional payoff fees. | |
| Payoff QuotesTurn the calculation into a professional quote and send it in under a minute. | |
| Refinance CalculatorModel restructured terms before you commit them to the loan. | |
| Payment CalculatorWork out regular payment amounts from the terms, right from the Regular Payment dialog. | |
| Close Loans with Automatic BalancingClosing walks the balances to zero and documents surplus or shortage. | |
| Principal Charge-OffWrite off unrecoverable principal with the loss tracked properly. | |
| Re-Open Closed LoansBring a closed loan back if the story wasn't over after all. | |
| Archive Closed Loans to an Archive PortfolioKeep the working portfolio lean while preserving full history. | |
| Auto-Close Multiple LoansClose batches of satisfied loans in one operation. | |
| Fully Customizable ReportsAdd or remove columns, or build entirely new reports from scratch. | |
| Report FiltersFilter on loan, borrower and lender fields, and on dates — including relative offsets from the report's end date. | |
| Export Report to Excel Compatible Format (CSV)Every report exports for use in Excel or other software. | |
| Print ReportsPaper copies with your customized report headers. | |
| Copy/Paste Data From Report Preview to SpreadsheetGrab numbers straight out of the preview. | |
| Single Loan-Account Transaction Level ReportsEvery positive and negative transaction on a loan, penny by penny. | |
| Single Loan Payment ReportsThe payment history of one loan, ready to hand to the borrower. | |
| Multi-Loan Financial ReportsProfit/loss, cash flow, receivables and gross receipts across any set of loans. | |
| Multi-Loan Payment ReportsReconcile received payments across the portfolio for any date range. | |
| Multi-Loan Single-Investor ReportsExactly what each investor is owed across every loan they own, in whole or in part. | |
| Aging ReportSee receivables bucketed by how overdue they are. | |
| Payment Projection ReportExisting payment history plus a forward amortization of what's still to come. | |
| Amortization SchedulesFull schedules for any loan, reflecting its actual terms and history. | |
| All Loan, Lender and Borrower Details in Moneylender Can be Added to ReportsAlmost any field in the system — including custom fields — can be a report column. | |
| Report BatchesGroup reports and run the whole set with a single click, ready for your bookkeeper or auditor. | |
| Supports US and Metric Paper SizesLetter and A4 templates for many of the default documents. | |
| Password Protect a PortfolioLock the portfolio behind a password on top of file encryption. | |
| Set Permissions for Different Portfolio UsersEach teammate gets a login with the access level you choose. | |
| Escrow Balance TrackingA separate running escrow balance on every loan that needs one. | |
| Escrow Analysis (RESPA Compliant)Annual analysis with cushion, shortage and surplus figured the way RESPA expects. | |
| Adjust Per-Payment Escrow AmountChange the escrow portion of the payment when taxes or insurance change. | |
| Escrow Payment Due NoticeGet warned ahead of upcoming escrow disbursements. | |
| AutoPay ACH Payment Service IntegrationBorrowers pay by ACH through a borrower portal; payments post into the portfolio automatically. |
Simple Pricing, No Surprises
Buy Moneylender Desktop once, or subscribe to Moneylender Online and work in any browser. Same features either way — you're choosing how you'll access Moneylender, and you can add the other option as your needs grow.
Need to keep your data in-house? Host your data on your own server by running a licensed copy of Moneylender Desktop — self-hosting is built into the app, with about five minutes of setup. Your data never leaves your infrastructure, which makes it the right fit for HIPAA, FERPA, and banking data. Watch the 5-minute setup.
Moneylender Online plans by portfolio size: $39/mo up to 99 loans · $59/mo up to 999 · $99/mo for 1,000+. Every plan includes one web user; extra web users are $30/mo each, and desktop license-holders always connect free. Full details on the pricing page.