Auto Loan Software

Vehicle Loan Repayments, Interest and Search in FinApp

Vehicle loans use the same proven repayment screens as gold loans: interest payments, part payments, top-ups and closure, with every figure reaching the day book and ledger.

Last updated 2 November 2026 · CK Tech Solutions, Anna Nagar, Chennai

Short answer: FinApp collects vehicle loan repayments with the same four payment types it uses for every loan: interest payment, part payment of principal, full closure and top-up. Interest follows the scheme, the accounting entries reach the day book and general ledger, WhatsApp and SMS messages can carry receipts and reminders, and any loan can be found by vehicle number.

At a glance

Repayments and Vehicle Search at a glance
Payment types	Interest, part payment, full closure, top-up
Interest	Calculated from the scheme you set
Accounts	Entries reach the day book and the double-entry ledger
Messages	Receipts and reminders by WhatsApp and SMS
Search	By vehicle number or any collateral detail
Day end	Day closure with cash tally

Which payments can a vehicle loan take?

The same payment types serve every loan in FinApp, whether the collateral is gold or a vehicle.

Interest payment

The customer pays the interest due and the loan continues.

Part payment

Part of the principal is paid, which reduces the amount on which interest runs.

Full closure

The loan is settled and closed in one payment.

Top-up

An eligible loan can be topped up with an additional amount.

Interest, accounts and day end

Interest follows the scheme attached to the loan, and the accounting works on the sanctioned amount and rate whatever the collateral. Every payment flows to the day book and the double-entry ledger, and day closure tallies the cash against the system.

Reminders and messages

Receipts and due reminders can be sent to customers by WhatsApp and SMS, so the customer has proof of payment and a prompt before the due date.

Find any loan quickly

Loan search takes a vehicle number or any other collateral detail you recorded, then opens the loan with its payments, documents and schedule.

How it works

Search the loan by vehicle number or customer.
Choose the payment type: interest, part payment, closure or top-up.
Confirm the amount; the receipt is printed or sent.
Close the day; the cash tally matches the day book.

Frequently asked questions

Interest follows the scheme attached to the loan.

Yes. A part payment reduces the principal and, with it, the interest that follows.

Yes. An eligible loan can be topped up.

Yes. They flow to the day book and the general ledger, and day closure tallies the cash.

Yes. Receipts and reminders can be sent by WhatsApp and SMS.

See it with your own data

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