All Loandisk Reviews
1-24 of 24 Reviews
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otimeyin
Verified reviewer
Architecture & Planning, 2-10 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed December 2018
Great tool for your Microlending
Excellent
PROSThe Dashboard analysis and the claculations on Portfolio at Risk. The entire software is quite Brilliant with its accounting integration.
CONSIts been good so far
Dune
Non-Profit Organization Management, 51-200 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed June 2020
akap
Outstanding
PROSuser friendly, flexible loan creation, etc..
CONSCollection Sheets-more improved features..
Reason for choosing Loandisk
i find it more compatible with our loan products and services...
Reasons for switching to Loandisk
previous system is not cloud base server
Balayo
Verified reviewer
Financial Services, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed November 2023
LOANDISK, A MID PRICED LOAN MANAGEMENT SYSTEM
IN AREAS WITH INTERNET ACCESS, ITS A VAKUE FOR MONEY INVESTMENT AS THE INSTITUTION DOESN'T NEED HARDWARE TO START WORKING WITH LOANDISK, A COMPUTER OR TABLET IS GOOD ENOUGH TO START.
PROS1. ITS INTERFACE FACILITATES QUICK LEARNING AND EASE OF USE AS IT STRAIGHT FORWARD. 2. THE FACT THAT THEY OFFER A MONTH TRIAL WITHOUT USER OFFERING THEIR CREDIT/DEBIT CARD DETAILS, THIS ENABLES A USER TAKE TIME WITH SOFTWARE TO MAKE A DECISION. 3. ITS COMPLIMENT USES SUCH AS EXPENSES MANAGEMENT ON THE DASH BOARD DO HELP MICRO AND SMALL FINANCIAL INSTITUTIONS GET VALUABLE CASHBOOK MANAGEMENT ON THE GO
CONS1. ITS MONTHLY PAYMENT MODEL, SOME INSTITUTIONS I RECOMMENDED TO LOANDISK, DECLINED ON THE BASIS THAT THEY WANTED A ONE-OFF/LIFETIME SUBSCRIPTION. AND OTHERS DID SUGGEST ATLEAST USD 20 PER USER/MONTH FOR A SINGLE USER. 2. BEING CLOUDBASED MEANS THAT VILLAGES IN UGANDA WITHOUT INTERNET INFRASTRUCTURE SIMPLY CAN'T USE IT AND WOULD PREFER A WINDOWS DESKTOP APPLICATION.
Reason for choosing Loandisk
ITS STRAIGHT FORWARD DESIGN AND OPTIONS ESPECIALLY ON LOAN INTREST CALCULATIONS
juan
Non-Profit Organization Management, 2-10 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed June 2020
Best microfinance software out there. Period.
We make loans, savings, we can register our investments, managament, accountability, everything is integrated inside the software. It also suits perfect to our organizational structure based on branches.
PROSVery easy to use, everything is well explained. Interface is as friendly as you can imagine. Cost is affordable specially for small organizations like us with few resources. Transactions are very simple to make which minimizes transaction costs a lot. The fact that is easy to use and friendly doesn't mean it doesn't have lots of features and alternatives for your product. Software is robust and suits as excellent both in the lending and saving products (we've never had any system crash so far). We've been looking for a software like Loandisk for a long time. We are thankful that we can use this software for our daily operations in such an affordable price for us.
CONSThe fact that there is not a spanish language limits our usage. Also developments take a while some time.
Reason for choosing Loandisk
We first chose it because it's price was the most affordable among all of the alternatives out there.
Reasons for switching to Loandisk
Last software was a slightly complicated and transactions required more time and effort. Also interface was not as friendly.
Osbert
Financial Services, 11-50 employees
Used daily for more than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed June 2020
Good micro finance lending software
I have used loan disk to serve over 2000 clients in Uganda, the system has been reliable and never dissapointed me.
PROSThe most impactful features is one that auto send sms reminding borrowers to pay, reports module covers all i need to look into as a director, Api that allows one to connect to other softwares and more. I would suggest to any starting financial institution to use this software it helped me start with minimal expenses on software.
CONSIts in ability to do double entry accounting, the accounting they offer is a basic one you need another accounting software to operate with the software
Reason for choosing Loandisk
It was offering better competitive advantage options like price, quality and its good features
Reasons for switching to Loandisk
The features that were in loan disk were incomparable
Vendor Response
We are currently in the process of developing double entry accounting which should be ready in 2 months.
Replied June 2020
Xander
Financial Services, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed June 2017
Secured Loan Software
Secured and Functonal
PROSI am a business owner of a start-up microfinance company in Philippines and my struggle before was to find a secured software that will assist me in managing my people in my business especially in terms of payroll and loans. What makes Loandisk secured is that I can set permissions for the staff role with limited access only. At the same time, the borrowers can have access to monitor their own loans safely just by using their personal login details.
CONS
Anonymous
11-50 employees
Used less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed April 2019
‘Much more that what we expected’
Supports management of the business efficiently at a reasonable cost
PROSAfter installation of ‘Loandisk’, we started to realize how effective this is for Lending management. Everything is found in one software which is incorporated with an accounting feature too. All details of the borrower can be loaded into the system and it’s so easy to check the status of every investment with easy navigation. The feature to send a text message to the borrower makes it so easy to remind about the due installment. The report generating capabilities shows the status of lending, recoveries, savings, and collector’s performance, etc. at any given time. The security features also help in access to the system by authorized users with access at different levels.
CONSHaven’t come across any issues so far. Situation may be different with different applications.
Nicolas
Financial Services, 11-50 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed June 2020
Very functional app
Loandisk has been a great alternative for my lending business. It is robust and with good scalability
PROSWhat we liked the most about the software is the ease of use and scalability
CONSThere are room for improvement in terms of the API functionality
Christopher
Financial Services, 11-50 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2016
Great for lending companies
I never thought that it would be very easy to manage all my loans and borrowers. But this software has helped my do just that. I especially like the collection sheets. Makes it easier to chase borrowers. The team will assist you from the moment you sign up until you are fully familiar with the software. I would highly recommend it.
PROSCollection sheets
James
Financial Services, 11-50 employees
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed December 2016
Impressive loan software
A friend of mine introduced this Loandisk which at first I was hesitant to use. But she told me that it is easy to understand and navigate. I particularly like how I can easily see missed repayments, past maturity loan, and fully paid loans on view borrowers page. This means I can chase the missed repayments quickly and not have to spend hours on Excel trying to figure this out. The experience has been very satisfying so far.
Olufunso
Financial Services, 2-10 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed June 2020
Review for Loandisk
Loan Portfolio monitoring has been quite easy
PROSEvery features in Loandisk (Customer registration, Loan booking, Transactions postings and Reporting are fantastic. Integration with existing system of ours was quite easy and seamless. Migration was quite easy and without any cost.
CONSThe Software is without the Accounting Module which makes it very limited
Reason for choosing Loandisk
It was found to be robust and cost effective to acquire
Reasons for switching to Loandisk
The need for a robust Loan Software to effectively monitor and track our Loan Portfolio
Vendor Response
We are currently working on double entry accounting which should be ready in 1-2 months. At the moment, we have a basic accounting module and extensive reports which can be used together to file tax returns.
Replied July 2020
Jessica
Financial Services, 2-10 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2016
Hassle free Sofware
I have a small loan business here in Philippines and never seen this Loandisk software before. No need to do paperworks and definitely hassle free. I am using this for quite some time and never had a chance to complain. Just awesome and assure everyone that they'll love Loandisk.
PROSAll features
Rohan
Banking, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed September 2016
Excellent and meets all our requirements
We are a small lending company and Loandisk meets all our requirements. The customer support is excellent and very prompt. I requested a few features and it was done within a week. It is very easy to see how our business is performing with reports. Highly recommended.
PROSI like the home branch page where I can see quick overview. The reports page tells me everything about how collections are going. The loan system is easy to use.
Leni
Financial Services, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2016
Satisfied Software user
What I like about Loandisk is it provides a 30 days free trial to understand and maximize the use of the software. I've tried it for a week and then paid the subscription coz of all the features. For example, it allows users to add collectors, branches and provides a loan calculator to estimate loans instantly.
PROSLoan calculator feature
Gilay
Financial Services, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2016
Effective and Convenient System
The system has made my business life easier. Reports and charts are quite nice. It is also effective and convenient in processing my staff's payroll. What I like most is that you can edit the Payslip Template anytime you prefer and depending on the staff member's contributions.
PROSPayslips and can edit Payslips template
Sarah
Verified reviewer
Financial Services, 1,001-5,000 employees
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
2
VALUE FOR MONEY
4
CUSTOMER SUPPORT
4
FUNCTIONALITY
2
Reviewed October 2018
My Opinion on Loandisk
That it manages your pipeline for you - all of your clients/borrowers and their information.
CONSNothing I didn't really like about Loandisk.
Mae Laurene
Financial Services, 2-10 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2016
User Fiendly Software
I'm currently managing one of small lending cooperatives here in Philippines. We are using the old system where I need to input all the details manually. Very stressful as I may say. Good thing, I've learned about this loan management software. I Don't need to go back in that old system and this new one really provides a feature where it automatically generate collection reports, profit/loss reports and many more just in a snap.
PROSCollection reports, profit/loss reports
Dale
Financial Services, 2-10 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed September 2016
Best and Trusted Loan Site
I love how LOANDISK works for me and my Company. I tried many loan software websites but this is the best and trusted one. It comes with a user Friendly Interface for both Mobile and laptop. I can say that it simply provides never ending help to all our business worries.
PROSUser Friendly Interface Live chat support
CONSNone
Billy
Financial Services, 11-50 employees
Used daily for less than 6 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
3
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed October 2016
Loan System
As a business starter, it is always a challenge to be organized. I have used this loan management software which keeps me up to date. This is very beneficial especially in putting my customers and loans and easy to add repayments on it. So far, I am very happy with it.
PROSEasy adding repayments, borrowers and loans
Anonymous
10,000+ employees
Used weekly for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
FUNCTIONALITY
5
Reviewed October 2018
EASY AND SIMPLE TO USE LOAN LOG
I have been using Loandisk for a few months now and I can say that my workload has lessened. My paperwork has definitely lessened and decreased; everything is kept in Loandisk. Organized and kempt data managing. I really like the trend analysis reports as it allows me to keep track of the necessary numbers. This is an amazing tool for any accountant dealing with loans.
CONSSo far, I have not seen any disadvantages to my use since I have just started using the software. I am hoping for more updates to increase the productivity of the software.
Jiemaeca
Used free trial
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed November 2016
Great software!
This system helps us provide the easiest way to manage all our borrower loans, it's simply the best software I have seen. This is now a integral part of our business. I like how I can add collateral pictures, search borrower's name by their unique numbers, and view the graphic charts.
Peter
Used free trial
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed September 2016
Functional and Useful
I am using the service for last 1 year and experience has been great. We have over 250 borrowers and 10 staff members. We are using this lending software to manage all our loans and repayments. I am pleased that it meets all my requirements. The support is also very good.
Ilnaz
Financial Services, 51-200 employees
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed November 2018
Loandisk Services Usage Experience
Comfortable tool for online management your loan features, characteristics.
CONSIt is not accomponied in places where it is recommended to use for description additional graphic interpretation (charts, figures and etc.).
Rishi
Verified reviewer
Financial Services, 5,001-10,000 employees
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed March 2019
Very reliable online loan management system
It provides Amortization Schedule, Customer Database,Compliance Management, Loan calculator feature and other features too.
CONSIts been laggy sometimes but that can be overseen.