NetLoan Reviews in January 2025: User Ratings, Pros & Cons

"Makes my life easier!"

Describe the project or task NetLoan helped with: We are a growing company with over 40 different equipment financing arrangements. Prior to implementing NetLoan we tracked everything in Excel. Monthly payments were never recorded with the correct principal and interest break out and all accounts had to be manually reconciled to the bank quarterly before I could prepare the debt roll-forward. Now all loan payments are recorded accurately each month with just a few mouse clicks. There is a ...

"Easy Implementation and Easy to Use"

What do you like best about NetLoan? Ease of inputting the data, simple to review the schedules and post entries to the general ledger. Not being a loan expert, I was able to follow the process and understand the entries being created thanks to the team at NetGain and the NetLoan tool itself. What do you dislike about NetLoan? So far we have not experienced any downsides. There have been many updates to account for with the tool but that is a factor of NetGain continuing to improve the ...

"Excellent Loan Management Software"

What do you like best about NetLoan? The schedule can be customized to match precisely your excel calculated, so there is no difference if you migrate existing schedule to the system. What do you dislike about NetLoan? We have not found anything we don't like about it yet. Recommendations to others considering NetLoan: Spend some time implementing it correctly, and it brings so much efficiency. What problems is NetLoan solving and how is that benefiting you? Enable us to automate all ...

"Automated and Simple"

Describe the project or task NetLoan helped with: Handling loan amortization in NetSuite is complicated and painful. We were looking for a way to automate the day-to-day loan transactions, and NetLoan was the perfect fit. What do you like best about NetLoan? NetLoan allows for all monthly transactions to be handled with just a few clicks of the mouse. Great audit trail, and an incredibly well built SuiteApp. What do you dislike about NetLoan? No complaints, it has been a welcome addition, ...