Everything your business runs on
Loans, deposits, borrowings and chit funds each work differently — Wasool keeps them all correct, without forcing your business to work like generic accounting software. And now every loan can start with a proper application, verified KYC and a signed agreement.
Flat, Reducing, Interest-Only, and Vehicle loans — each with its own interest logic, calculated correctly from real collection history, not a fixed schedule that falls apart the moment a payment is late or early.
Recurring and Fixed Deposits, with maturity value, tenure, and interest all tracked against real contributions — not a projected schedule that drifts once a payment is missed or made early.
Track what your own business owes — to family, friends, or other lenders — right alongside what you lend out, so your real financial position is always in one place, not split across a separate notebook.
Run your chit groups and auctions alongside your lending book — members, monthly contributions, and auction winners tracked in the same system, under the same verifiable ledger.
20 members · Month 7 of 20
Give borrowers their own login — no calling to ask "what's my balance" or "when's my next payment." New customers register from a link you share, and apply for a loan from their phone.
Approve an application and disburse it in one tap — the vehicle loan opens already filled in, with the agent's commission. Then print a three-page sanction letter in English and Tamil.
Loan applications New
An application can be made by your team, by an agent, by the customer from their portal — or from a 7-day link you send on WhatsApp, which they fill in on their own phone. Then it moves through checking, approval, signing and disbursal, with nothing lost on the way.
Verify income, other EMIs and expenses — Wasool shows the EMI as a share of income and the largest loan that fits your limits.
Approve with the final amount, rate, tenure, charges and first due date. Disburse opens the loan with exactly those terms.
After approval the application and its documents can't be edited — change means cancel and copy. After disbursal, nothing changes at all.
Scan the QR on an Aadhaar card or e-Aadhaar PDF and Wasool verifies UIDAI's digital signature, so you know the details weren't edited. Or photograph the card front and back — either way the number is masked to its last four digits before anything is stored.
Decide what you collect for EMI, interest-only and vehicle loans — and when: at application, before disbursal, or after. KYC already on the customer's record ticks itself; the rest is a photo, a PDF or a simple "original received".
The customer signs the application, and the customer and guarantor sign the loan agreement, with a finger — on your counter tablet or on their own phone through a link. Each signature is fixed to the exact terms it was given on.
Sanction terms, the loan agreement, an on-demand promissory note and the guarantor's undertaking — filled in from the loan, on your letterhead, with on-screen signatures in their boxes or blank lines for ink.
When you record an EMI, a deposit instalment, a payout or a maturity, the customer gets a WhatsApp message with the amount and their new balance — automatically, from the verified PensNPapers business number or your own.
Every day, not just at month-end
A card for every loan and deposit due today — one tap for Cash or Bank, a running history of the last few visits, and a clear stamp the moment it's recorded.
Less typing
Upload the statement your bank already gives you — or share it to Wasool straight from your phone — and every credit and debit lands in a review list, already matched to the right customer wherever the name or account number appears.
On your Android phone, Wasool can watch for your bank's credit alerts and list them for review. Nothing posts on its own — you match each one to the right account and confirm, so you never miss a payment that came straight into the bank.
Real double-entry books
Each entry you make posts to a proper Day Book and General Ledger behind the scenes — so the reports your auditor asks for are ready whenever you are.
Pick a date and Wasool works out the interest due on every reducing, interest-only and vehicle loan, every FD and RD, and every borrowing since it was last calculated. Approve them one by one, all at once, or let them post automatically on schedule.
Quick calculators for quoting a customer — none of them touch your real records.
The little things