Kandhu Vatti Made Digital - Complete Cash Loan Management
Manage loans, collectors, and daily collections - all in one place. From automated scheduling to penalty automation, transform your money lending business from spreadsheets to professional operations. Built for Indian money lenders.
Everything You Need to Run Your Cash Loan Business
Purpose-built features for Indian money lenders - from loan creation to daily collection
Loan Management
Two loan types supported - Upfront Cut & Daily Interest. Auto-scheduling excludes Sundays & holidays. Loan calculator previews terms before creating. Extension support with configurable limits.
Daily Collection View
Today's pending, collected & missed at a glance. Multiple payment modes - Cash, UPI, Card, Bank Transfer. Partial payments without manual math. Real-time collection status updates.
6 Built-in Reports
Day Book for daily cash in/out. Collection Sheet per collector. Outstanding Report shows all active loans. Overdue Report flags problem loans. Collector Performance metrics. Customer Ledger history.
Team Management
Multiple collector support with individual logins. Mobile app access for field teams. Guarantor linking for enforcement. Performance metrics track collection rates & benchmarks.
Smart Automation
Penalty automation - fixed per-day or percentage-based. Waiver tracking with complete audit trail. Photo verification built-in. Zero-ambiguity calculations eliminate disputes.
Built for Every Role in Your Business
From business owners to field collectors - everyone gets the tools they need
Business Owner
Profit visibility, bad debt control, complete business oversight
Field Collector
Clear daily schedule, easy collection tracking, mobile-first experience
Accountant
Day book, collection tracking, accurate financial records
Compliance
Complete audit trail, penalty transparency, waiver documentation
Why Money Lenders Choose OnePlaceHQ
Built specifically for Indian cash loan businesses
Tamil Language Support
Full Tamil interface for field teams who prefer their native language
Smart Auto-scheduling
Automatically excludes Sundays and holidays from collection schedules
Zero-ambiguity Calculations
Crystal clear interest & penalty calculations eliminate customer disputes
Photo Verification
Built-in photo capture for proof of collection and customer verification
Complete Audit Trail
Every transaction, waiver, and change is logged for full accountability
Works on Budget Phones
Runs smoothly on basic Android phones starting from just Rs. 10,000
How OnePlaceHQ Compares
See why OnePlaceHQ is the smart choice for modern money lenders
| Feature | OnePlaceHQ | Spreadsheet | Paper | Generic App |
|---|---|---|---|---|
| Auto Schedule | ✓ | ✗ | ✗ | Sometimes |
| Multi-Collector | ✓ | Limited | ✗ | ✓ |
| Penalty Automation | ✓ | Manual | ✗ | Sometimes |
| Tamil Language | ✓ | ✗ | Maybe | ✗ |
| Waiver Audit Trail | ✓ | ✗ | ✗ | Maybe |
Understanding Cash Lending in India
A guide to daily collection lending (Kandhu Vatti), loan structures, and how digital tools transform this traditional business
What is Kandhu Vatti? Daily Collection Lending Explained
Kandhu Vatti (கந்து வட்டி) is a traditional Tamil Nadu lending practice where small loans are given and collected daily. The term literally translates to "principal interest" and has been practiced for centuries in South India. While the practice has faced regulatory scrutiny, legitimate digital lending tools help formalize operations with proper documentation, transparent calculations, and audit trails.
Modern daily collection lending serves small businesses and individuals who need quick access to capital without the paperwork of bank loans. Shop owners, market vendors, auto drivers, and small traders are typical borrowers. Loans typically range from Rs 10,000 to Rs 5,00,000 with daily collection over 100-200 days.
Two Common Loan Structures in Daily Collection
Type 1: Upfront Cut (Munpana Vatti)
Interest is deducted upfront from the loan amount. The borrower receives less than the principal but repays the full amount in daily installments.
Worked Example:
- Loan amount: Rs 1,00,000
- Interest (10%): Rs 10,000 deducted upfront
- Customer receives: Rs 90,000
- Daily collection: Rs 1,000 x 100 days
- Total repaid: Rs 1,00,000
- Effective interest rate: 11.11% (Rs 10K on Rs 90K received)
Type 2: Daily Interest (Dina Vatti)
Full principal given to borrower. Interest accrues daily on the outstanding balance. Collection includes both principal repayment and interest.
Worked Example:
- Loan amount: Rs 1,00,000
- Customer receives: Rs 1,00,000 (full amount)
- Daily principal: Rs 1,000 x 100 days
- Daily interest: 0.1% on outstanding balance
- Day 1 interest: Rs 100 (on Rs 1,00,000)
- Day 50 interest: Rs 50 (on Rs 50,000)
- Total interest paid: approx Rs 5,050
OnePlaceHQ supports both loan types with zero-ambiguity calculations. The loan calculator previews exact terms before loan creation, eliminating disputes between lender and borrower.
The Daily Collection Lifecycle
Loan Created
Customer verified, loan amount set, collection schedule auto-generated (skipping Sundays and holidays), collector assigned.
Collection
Collector visits borrower, records payment (cash/UPI), takes photo proof if needed. Partial payments auto-calculated.
Overdue Handling
Missed collections flagged automatically. Penalty applied (fixed or percentage). Extension possible within configured limits.
Daily Reconciliation
Day book shows all collections. Collector performance tracked. Outstanding report flags problem loans. Owner sees full picture.
Loan Closure
All installments collected. Loan marked closed. Customer history updated. Ready for next loan if needed.
Common Challenges in Daily Collection (and How Software Solves Them)
Problem: Collector Fraud
Collectors pocket collections and report "customer didn't pay." Without digital tracking, owners can't verify.
Solution: Digital Audit Trail
Every collection logged with timestamp, location, and optional photo. Customer can verify their payment history. Discrepancies flagged instantly.
Problem: Interest Disputes
Manual calculations lead to arguments. "You said Rs 500 was due, I calculated Rs 450." He-said-she-said with no records.
Solution: Zero-Ambiguity Math
System calculates interest to the paisa. Borrower and lender see the same numbers. Penalty rules configured upfront, applied consistently.
Problem: Lost Paper Records
Notebooks get damaged, pages torn out, entries illegible. Years of customer history disappear in a single incident.
Solution: Cloud Backup
All data backed up continuously to the cloud. Access from any device. Complete history searchable. Never lose a single transaction record.
Problem: No Business Overview
Owner manages 50+ active loans across 3 collectors but has no real-time view of total outstanding, collection rate, or problem loans.
Solution: Real-Time Dashboard
Dashboard shows total outstanding, today's expected vs collected, overdue loans, collector performance, and profit/loss -- all in real time.
Frequently Asked Questions
Everything you need to know about OnePlaceHQ Cash Loan Software
How does auto-scheduling work?
When you create a loan, our system automatically calculates collection dates based on your loan terms. It intelligently skips Sundays and configurable holidays, ensuring your collectors only see actual working days in their schedule. You can also manually adjust dates if needed.
Can collectors use it on basic phones?
Yes! OnePlaceHQ is optimized to run smoothly on budget Android phones starting from Rs. 10,000. The app is lightweight, works well on slower networks, and the Tamil interface makes it easy for field teams to use without extensive training.
How are partial payments handled?
Collectors can record any amount collected - even if it's less than the expected daily amount. The system automatically calculates the remaining balance, applies it correctly to the loan, and adjusts future schedules accordingly. No manual math required.
Is there Tamil language support?
Absolutely! The entire app interface is available in Tamil, making it easy for field collectors who prefer their native language. All reports, receipts, and customer communications can be generated in Tamil + English.
What is the difference between Upfront Cut and Daily Interest loans?
In an Upfront Cut loan, interest is deducted from the principal before disbursement -- the borrower receives less but repays the full amount. In a Daily Interest loan, the full principal is given and interest accrues daily on the outstanding balance. OnePlaceHQ supports both types with transparent calculations that both lender and borrower can verify.
How does penalty automation work?
You configure penalty rules once: either a fixed amount per day (e.g., Rs 50/day) or a percentage of the missed amount. When a scheduled collection is missed, the system automatically applies the penalty. All penalties are logged with full audit trail. Waivers are also tracked -- if you forgive a penalty, the system records who waived it, when, and why.
Can I manage multiple collectors from one account?
Yes! Each collector gets their own mobile login and sees only their assigned loans. The business owner sees everything -- all collectors, all loans, all collections. Performance metrics track each collector's collection rate, on-time percentage, and daily totals. Loans can be reassigned between collectors if needed.
What reports are available for daily tracking?
Six built-in reports: Day Book (daily cash in/out), Collection Sheet (per collector schedule), Outstanding Report (all active loans), Overdue Report (flagged problem loans), Collector Performance (collection rates and benchmarks), and Customer Ledger (complete history per borrower). All available in Tamil and English.
Is the data secure and backed up?
Yes! All data is stored securely in the cloud with continuous backups. Unlike paper records or spreadsheets on a single phone, your data is safe from device loss, damage, or theft. Access from any device with your login. Complete audit trail means every transaction, waiver, and change is permanently recorded and cannot be altered.
Ready to Digitize Your Cash Loan Business?
From spreadsheets to professional operations in weeks. Contact us on WhatsApp for a free demo.
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