What is ByajLekha and who is it designed for?

ByajLekha is a comprehensive digital lending and interest ledger management system designed for private money lenders, Sahukars, micro-finance collection agents, wholesalers, jewelers, and trade creditors. It automates interest calculations, installment tracking, staff collection management, and digital borrower receipts.

What types of interest calculations does ByajLekha support?

ByajLekha features a 6-in-1 financial engine: 1) Reducing Balance EMI (diminishing interest), 2) Flat Rate EMI (simple upfront interest split), 3) Daily Rozana Collection (fixed target return over daily installments with Sunday skip option), 4) Advance EMI Deduction (upfront installment deduction at disbursal), 5) Simple / Compounding Interest (periodic interest payout with optional quarterly or consecutive overdue compounding), and 6) Zero-Interest Udhar Khata.

How does Rozana / Daily Collection work with skipped Sundays?

In market finance, collectors collect installments daily. ByajLekha allows lenders to specify total installments and automatically skips Sundays or holidays when calculating due dates, generating accurate daily collection sheets for staff.

Can multiple staff members collect payments without seeing other books?

Yes! ByajLekha features granular staff roles and book-level isolation. You can add collection staff who can only record payments and view today's due lists, while strictly preventing them from deleting loans, viewing other books, or altering interest terms.

Are digital promissory receipts and payment confirmations legally valid?

ByajLekha captures interactive digital e-signatures and borrower KYC on promissory vouchers, auto-generates timestamped PDF receipts, and sends instantaneous SMS & WhatsApp confirmation alerts, establishing an unshakeable audit trail.

ByajLekha (ब्याजलेखा) - Smart Digital Lending & Byaj Ledger System

The #1 Digital Operating System for Private Money Lenders, Daily Rozana Collectors, and Sahukars in India.

What is ByajLekha?

ByajLekha replaces manual red diaries (लाल बही खाता), disputed interest calculations, and lost paper records with an automated, 100% tamper-proof digital ledger. Designed specifically for Indian private lenders, bullion pawn brokers, vegetable/fruit mandi daily collection agents, and trade credit businesses.

How ByajLekha Works

Create Books & Add Borrowers: Separate books for Mandi Market Finance, Girvi Gold Loans, and Personal loans. Onboard borrowers with mobile verification and KYC documents.
Select Interest Model: Choose between Reducing Balance EMI, Flat Rate EMI, Daily Rozana Fixed Return, Advance EMI, or Simple / Compounding Interest with automatic skip-Sunday rules.
Disburse with Digital Promissory Note: Capture borrower digital signature on your smartphone screen. A stamped PDF voucher is generated and SMS/WhatsApp confirmations are sent instantly.
Record Daily Collections & Auto-Balance: Field collection staff record incoming cash or UPI payments. Excess payments flow into an Advance Wallet Buffer to settle future installments automatically.
Multi-Staff Roles & Owner Audits: Empower collection boys with restricted mobile logins (they cannot alter loan terms or see other books) while owners view live performance and export statements to Excel/PDF.

6 Types of Interest Calculations Supported

Reducing Balance EMI (Diminishing Principal): Interest is recalculated only on the remaining unpaid principal after each installment. Ideal for structured business & personal loans.
Flat Rate EMI: Total interest is calculated upfront on the original loan amount and split equally across all installments. Predictable and easy to understand.
Daily Rozana / Market Collection: Disburse fixed principal (e.g. ₹10,000) for fixed return (e.g. ₹11,000) collected in 100 daily installments, with automatic skip-Sunday and holiday scheduling for vegetable/fruit mandi traders.
Advance EMI Deduction: First 1 or more installments are deducted upfront from the disbursed amount, lowering lender risk exposure from day one.
Simple / Compounding Interest: Traditional Indian ₹2 सैकड़ा / ₹2 per month per ₹100 lending. Periodic interest collection with automatic compounding cycles for overdue periods (चकवृद्धि ब्याज).
Zero-Interest Udhar / Trade Credit: 0% interest tracking for friendly family loans or supplier trade credit with scheduled payment due dates.

Frequently Asked Questions (FAQ)

Can collection staff delete loans or view other books?

No. ByajLekha provides granular role permissions. Field collection boys can only record payments for assigned books. They cannot view your total profits, edit loan terms, or delete records.

How does daily collection handle skipped Sundays?

ByajLekha automatically skips Sundays and designated festival holidays when generating installment due dates, ensuring field collection staff have accurate daily target sheets.

Are digital promissory notes and WhatsApp receipts legally valid?

Yes. ByajLekha captures interactive digital signatures on promissory notes, generates timestamped PDF agreements, and sends instant SMS and WhatsApp receipts with audit hashes.

Contact Us & Request Live Demo

Reach out to our implementation team via WhatsApp/Phone at +91 98765 43210 or email support@byajlekha.com for a free setup walkthrough.