LoanCirrus

RATING:

4.5

(11)

About LoanCirrus

LoanCirrus is a digital lending platform for lenders of all types, including consumer finance businesses, digital banks, credit unions, microfinance institutions, and others. The platform supports both in-branch and online borrower onboarding. LoanCirrus is designed to reduce the need for manual processes and paperwork when processing loan applications. Lenders can grant user permissions and define KYC (Know Your Customer) requirements within LoanCirrus. The platform’s online onboarding functionality includes an online portal/website for customers. With the portal, customers can apply and reapply for products as well as track application status. With LoanCirrus, lenders can access multiple interest calculation methods, manage documents, build custom lending product...

LoanCirrus Pricing

Pricing is based only on the number of active loans in a lender's portfolio.

Starting price: 

$1,000.00 per month

Free trial: 

Available

Free version: 

Not Available

LoanCirrus dashboard
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LoanCirrus Reviews

Overall Rating

4.5

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

4.5

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for LoanCirrus

10 Reviews

User Profile

Sanjie

Verified reviewer

Publishing, 51-200 employees

Used daily for less than 6 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed October 2017

Although the software requires a bit configuration the support team is responsive & knowledgeable .

The confidence to scale my business. Access to industry relevant information.

PROS

1. I like that the software can be integrated with debt collectors. 2. I like that I'm able to rate my clients and assess the level of risk they pose based my predetermined criteria. 3. I like that it generates output documents such loan agreements and it also allows me to store my input documents such customer identification and proof of address all in one place. 4. I like that there's a free trial period before having to commit to subscription. 5. LoanCirrus allows me to access the same technology that much larger institutions have access to. 6. LoanCirrus is customizable. 7. The customer support team is always available, very knowledgeable and the turnaround time is impeccable. 8. The team publishes articles on industry trends, standards and how to use the application efficiently.

CONS

LoanCirrus requires a lot of configuration and as such it may take the user some time to get over the learning curve.

Anonymous

Used daily for less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed January 2018

It's been an overall good experience so far. It's saved me so much time and money!

Saves money and time.

PROS

I didn't have to hire another employee because it covers so many bases in my business. It fills out application forms so I don't waste paper and I can work from anywhere . It's quick, easy, reliable and the interface is user-friendly. It's made such a positive difference in my business.

CONS

When loan numbers are randomly generated there is no way to identify, based on the number, when the loan was generated; they are not generated in chronological order. That has to be identified by the date that the loan was originated. It's a personal preference, but it would be nice if those numbers could be generated chronologically.

Michael

Financial Services, 1 employee

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

1

EASE OF USE

1

VALUE FOR MONEY

1

CUSTOMER SUPPORT

1

FUNCTIONALITY

1

Reviewed October 2023

Communication is TERRIBLE. Scheduled appointment. They changed to 3 weeks later. Then no show.

stinks. Very unprofessional of the [sensitive content hidden]. If he's that unprofessional, how can I trust the software is well developed and will be well supported??

PROS

I haven't used it yet. But looks like some good features.

CONS

Communication is TERRIBLE. I scheduled an appointment. It turns out it was with the [sensitive content hidden], as the "sales guy." They changed to 3 weeks later without consulting me. Then I found an email asking me if I was going to show up. I responded, of course. But he responded that he canceled the meeting... after all that waiting to get a demo. They were one of the first Lending CRMs I tried to schedule with. I've met with over a dozen. They were the last ones on my calendar because they canceled and pushed me out 3 weeks. And then they canceled on me because I didn't respond quickly enough to an email asking if I STILL would be at the meeting. OF COURSE, I was. We agreed to it a long time ago. You didn't use an automated calendar tool to keep us connected. All was clear, though very pushed off. You act like it wasn't clear and so cancelled our meeting.

Reason for choosing LoanCirrus

I didn't not. Not now after such treatment.

Reasons for switching to LoanCirrus

I wanted a specialized CRM for Lending.

Melvina

Used daily for less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

4

FUNCTIONALITY

5

Reviewed December 2017

From inception; the Loan Cirrus team has been very helpful with transitioning during our migration.

PROS

I like the fact that the software is very user friendly and allows users to learn quickly. Also; the software is quite flexible meaning that the developers works well in trying to customize an instance as best as possible to accommodate their customers.

CONS

The least attractive part of Loan Cirrus is probably the fact that there is not one specific person who deals with everything but instead, there is a team of specialists. This is both a pro and a con because this means that they have persons specializing in different areas; however, depending on whether you have the several issues at the same time you'd need to communicate simultaneously.

Robert

Financial Services, 2-10 employees

Used daily for less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed December 2017

Great experience as system is easy to use and friendly customer support is readily available.

PROS

The software is very easily understood / used and allows many options for accessibility. Regular amendments are undertaken in response to user demand and the system provides a wide range of reports for management use.

CONS

We have no complaints as our initial concerns have been addressed in the amended versions rolled out over recent months