Lending software development

Northell offers a full suite of professional services to create different lending solutions, from banking loan apps to crowdfunding software. Our lending software handles the entire loan life cycle, from loan origination to management and collection. With our Fintech expertise and the use of powerful technology, our in-house experts are ready to turn any lending idea into a fully compliant, secure, and reliable lending solution of any complexity.
We build solutions with a great focus on high performance and smart automation of the lending process. Regardless of your business needs, we create custom lending software for any type of loan: auto loan, personal loan, mortgage loan, etc.
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Key Features of Our Lending Software Development

  • Full cycle development
    Registration and onboarding

    We provide a fast and compliant registration process to ensure a seamless user experience and protection against illegal financial activities. To reduce dropout rates, we provide seamless onboarding through a feature-rich customer portal.

  • Value for money
    Loan Calculator

    Boost your sales right from the start of the borrower’s journey! With a loan calculator, we help your borrowers easily forecast future spending and compare the cost of loans between different lenders.

  • High security
    Loan Origination

    Our team can easily automate the end-to-end lending process while reducing the need for human intervention and minimizing errors. We design and develop a well-structured and convenient loan application process with a single point of data entry to ensure a hassle-free user experience.

  • Full stack
    Loan Management

    With an efficient loan management feature, you’ll be able to provide an exceptional experience to both lenders and borrowers. We make the loan management process more accessible by allowing users to track loan details and payment schedules, generate reports on balance, etc.

  • Work collaboration
    KYC and credit score

    Our team adapts KYC/AML and ID checks and integrates credit bureau APIs to increase borrower credit transparency and protect the lender's interests.

  • High standards of expertise
    Debt collection

    From sending personalized reminders about due dates to accepting payments digitally and issuing receipts, we can automate and streamline all payment collection operations.

Success stories of our clients

We are honored to work with many amazing companies and remarkable projects. Here are just a few examples of Northell solutions
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Behance 2
Launch
Marketplace

We developed a digital matchmaking platform that enables students and young professionals to be connected with companies in a fast, direct, and seamless manner.

Country: Belgium
Tool: Figma
Company Size: 10-50
Behance 2 1
SecureFlag
Education

Northell team redesigned, simplified and upgraded an advanced training platform for developers and DevOps engineers.

Country: UK
Tool: Figma
Tech Stack: Angular, React.js
Company Size: 50-100
Behance 2 2
Referrizer
Industry

Our team designed and developed the world's most advanced marketing automation platform.

Country: USA
Tool: Figma
Company Size: 150-200
Behance 2 3
E-Wish
E-commerce

Northell created a multifaceted marketplace that includes different services, e-commerce, apartment rent and taxi booking.

Country: USA
Tool: Figma
Company Size: 20-50
View More

Northell Technology Stack

Front-end
  • React.js
  • Ant Design
  • Redux
  • Material UI
  • Microfrontends
    • Mobile App Development
    Back-End
  • Node.js
  • Websockets
  • Nest.js
  • RabbitMQ
  • Express.js
    • Test automation tools
  • Swagger
  • Jest
  • Postman
  • Chai
    • Data storages
  • AWS S3
  • Cloudinary
  • Google Cloud Storage
    • DevOps
  • AWS CodePipelines
  • Kubernetes
  • Circle CI
    • Clouds
  • AWS
  • Cloudinary
  • Heroku
  • Google Firebase
    • 1 Product discovery

    We always start the lending software development process by collecting requirements and all the necessary information about the future lending software. To ensure the success of your project, we thoroughly analyze your business environment and direct competitors, define the project goals and scope, analyze risks and opportunities, estimate the budget, set deadlines, and map out a feasible project plan. 

    We compile technical documentation that includes technical specifications, selected technical stacks, and tools for future lending software development.

    2 UI/UX design

    We dedicate an experienced design team that builds product logic, architecture and user flows. Our team designs high-fidelity wireframes and prototypes to evaluate the visual appearance of future lending software. 

    UI designers create a design system or UI kit with all elements and components for future lending software. Also, the design team can create branding elements if needed. The QA team tests software navigation, logic, and all product elements using our own in-house UX lab.

    3 Development

    Depending on the project’s scope of work, we assign back-end developers to implement the server side of the application, APIs, and business logic, and front-end developers to transform UI design into a functioning user side. Using pre-defined technical documentation, developers write code for all software components.

    Our developers use advanced technologies and technical stacks to develop high-quality and scalable lending solutions. Our team of QA engineers simultaneously conducts various types of testing for all developed components to shorten the time to release and reduce costs.

    4 Deployment & Integration

    Next, we deliver the software to users for beta testing. After receiving feedback from users, we make adjustments and improvements if needed. At this step, our main goal is to make sure that the lending software is hack-proof and bug-free.

    5 Maintenance

    Once our customer receives ready-to-use software, our cooperation does not end there. We guarantee long-term software support if there are any problems or if something needs to be fixed in the future. Our team is always in touch and ready to maintain the lending software anytime!

    Personalized Approach

    1 Product discovery

    We always start the lending software development process by collecting requirements and all the necessary information about the future lending software. To ensure the success of your project, we thoroughly analyze your business environment and direct competitors, define the project goals and scope, analyze risks and opportunities, estimate the budget, set deadlines, and map out a feasible project plan. 

    We compile technical documentation that includes technical specifications, selected technical stacks, and tools for future lending software development.

    2 UI/UX design

    We dedicate an experienced design team that builds product logic, architecture and user flows. Our team designs high-fidelity wireframes and prototypes to evaluate the visual appearance of future lending software. 

    UI designers create a design system or UI kit with all elements and components for future lending software. Also, the design team can create branding elements if needed. The QA team tests software navigation, logic, and all product elements using our own in-house UX lab.

    3 Development

    Depending on the project’s scope of work, we assign back-end developers to implement the server side of the application, APIs, and business logic, and front-end developers to transform UI design into a functioning user side. Using pre-defined technical documentation, developers write code for all software components.

    Our developers use advanced technologies and technical stacks to develop high-quality and scalable lending solutions. Our team of QA engineers simultaneously conducts various types of testing for all developed components to shorten the time to release and reduce costs.

    4 Deployment & Integration

    Next, we deliver the software to users for beta testing. After receiving feedback from users, we make adjustments and improvements if needed. At this step, our main goal is to make sure that the lending software is hack-proof and bug-free.

    5 Maintenance

    Once our customer receives ready-to-use software, our cooperation does not end there. We guarantee long-term software support if there are any problems or if something needs to be fixed in the future. Our team is always in touch and ready to maintain the lending software anytime!

    Why Choose Northell for Lending Software Development?

    • Less effort on recruitment

      The average time to hire a software development team is 1.5 months. We can offer specialists ready to start work within a week.

    • Advanced technologies

      Northell team designs and develops software using best design and development practices and cutting-edge technologies. Our experts regularly update their knowledge and improve their skills by attending professional workshops and seminars.

    • Huge pool of tech talent

      Following your business requirements, we provide you with a team with domain technical experience. Located in Eastern Europe, we offer talented designers, developers, testers, and other experts in various industries of different seniority levels and expertise.

    • Agile methodology

      To develop software, we use an Agile methodology, dividing the entire process of software development into short manageable cycles. Each iteration includes planning, requirements analysis, design, development, testing, and documentation.

    • Dedicated full-time specialists

      The specialists assigned to your projects work on a full-time basis. They are tech-savvy, diligent, and committed to the development process to deliver high-quality, reliable Fintech solutions.

    • Cost savings

      Outsourcing is a proven way to save you money on the workplace, equipment, etc. Furthermore, software developer hourly rates in Eastern Europe are the most reasonable.

    • Our Awards

    • 4,8
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    • 4,9
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    • Logo4
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    Frequently Asked Questions

    How much does it cost to develop lending software?

    The cost of lending software tends to fluctuate depending on various factors. The final cost will be precise after considering the type of solution, feature set, third-party integrations, team size, etc. On average, lending software development costs from $40,000 to $100,000 and above. 

    The Northell team is always ready to finalize exact figures according to the budget, project deadlines, and team structure required. Besides, we offer flexible contract types (fixed price, time & material) and cooperation types (team augmentation or dedicated team) to choose from. Thanks to our in-depth Fintech experience, we know how to ensure a cost-efficient and time-optimized lending software development process to meet your expectations.

    How long does it take to develop lending software?

    The lending software development may take 3 to 6+ months. The timeline may vary depending on the team composition and the project scale.   

    At Northell, we split the software development process into 4 major stages where our customers often need help: product discovery, UI/UX design, development, and QA. So if you need to know the specific timeline for one of these development milestones, it’s easier to imagine the approximate timeline based on your project size. 

    In any case, we can assign a personal manager to help you with project estimates. Contact us.  

    What does microfinance software mean?

    Microfinance software entails smart banking functionality to provide loans of small amounts and helps microfinance institutions to grow business digitally. These microloans can be used for various purposes for small businesses, including working capital, buying equipment, machinery, etc. Microfinance offerings typically include small loans (microloans), savings accounts (microsavings), and insurance policies (microinsurance). 

    In other words, microfinance software provides banking functionality at the lowest cost, allowing users to save extra time and money.   

    What does loan origination software do?

    Loan origination software is a system that automates the process where a borrower applies for a loan online. Through this platform, you can centrally manage and automate all stages of a loan process, from the application, through underwriting, approval, documentation, pricing, funding, and administration. These solutions automate credit scoring and decisioning while minimizing risks for lenders and streamlining the borrower application process. Loan origination software gives customers self-service options and improves the loan management process.  

    What does the loan IQ system mean?

    The loan IQ system provides a single data model that aims to create a global platform. The loan IQ system ensures the smooth operation of the entire loan lifecycle and provides greater control over profits. Banks and other financial systems that rely on IQ loan systems can achieve business optimization, transparency, and cost efficiency.  

    Have you already developed lending software?

    Yes. Northell has hands-on experience in lending software development. We have already built such apps:

    • Banking apps
    • Financial analytics
    • Custom self-service portals
    • Mortgage apps
    • Crowdfunding apps
    • Micro-loan apps 

    Our lending software development services don’t end there, and we’re ready to turn your loan idea into reality and take on new challenges.

    Frequently Asked Questions

    How much does it cost to develop lending software?

    How much does it cost to develop lending software?

    The cost of lending software tends to fluctuate depending on various factors. The final cost will be precise after considering the type of solution, feature set, third-party integrations, team size, etc. On average, lending software development costs from $40,000 to $100,000 and above. 

    The Northell team is always ready to finalize exact figures according to the budget, project deadlines, and team structure required. Besides, we offer flexible contract types (fixed price, time & material) and cooperation types (team augmentation or dedicated team) to choose from. Thanks to our in-depth Fintech experience, we know how to ensure a cost-efficient and time-optimized lending software development process to meet your expectations.

    How long does it take to develop lending software?

    How long does it take to develop lending software?

    The lending software development may take 3 to 6+ months. The timeline may vary depending on the team composition and the project scale.   

    At Northell, we split the software development process into 4 major stages where our customers often need help: product discovery, UI/UX design, development, and QA. So if you need to know the specific timeline for one of these development milestones, it’s easier to imagine the approximate timeline based on your project size. 

    In any case, we can assign a personal manager to help you with project estimates. Contact us.  

    What does microfinance software mean?

    What does microfinance software mean?

    Microfinance software entails smart banking functionality to provide loans of small amounts and helps microfinance institutions to grow business digitally. These microloans can be used for various purposes for small businesses, including working capital, buying equipment, machinery, etc. Microfinance offerings typically include small loans (microloans), savings accounts (microsavings), and insurance policies (microinsurance). 

    In other words, microfinance software provides banking functionality at the lowest cost, allowing users to save extra time and money.   

    What does loan origination software do?

    What does loan origination software do?

    Loan origination software is a system that automates the process where a borrower applies for a loan online. Through this platform, you can centrally manage and automate all stages of a loan process, from the application, through underwriting, approval, documentation, pricing, funding, and administration. These solutions automate credit scoring and decisioning while minimizing risks for lenders and streamlining the borrower application process. Loan origination software gives customers self-service options and improves the loan management process.  

    What does the loan IQ system mean?

    What does the loan IQ system mean?

    The loan IQ system provides a single data model that aims to create a global platform. The loan IQ system ensures the smooth operation of the entire loan lifecycle and provides greater control over profits. Banks and other financial systems that rely on IQ loan systems can achieve business optimization, transparency, and cost efficiency.  

    Have you already developed lending software?

    Have you already developed lending software?

    Yes. Northell has hands-on experience in lending software development. We have already built such apps:

    • Banking apps
    • Financial analytics
    • Custom self-service portals
    • Mortgage apps
    • Crowdfunding apps
    • Micro-loan apps 

    Our lending software development services don’t end there, and we’re ready to turn your loan idea into reality and take on new challenges.

    Let's turn your ideas into reality together!

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