Solutions

A complete, integrated Suite of banking software solutions on uniform platform integrated with multiple delivery channels.

CREDIT APPRAISAL AND ONLINE LOAN APPLICATION PROCESSING SYSTEM

LOS is a modern web-based application for providing services with convenience to the customers who are looking for credit facilities. It covers retail and business loan products. It processes the application starting from customer online application/ back-office branch application to the sanctioning of the loan. It has capability to maintain collaterals made available during sanctioning of the loan. LOS can be integrated with any 3rd party core banking system.

LOS has inbuilt capability to configure and capture various credit score parameters and configurable workflow mechanism up-to sanctioning. It can be integrated with third party credit bureau and information can be made available to the decision makers. LOS offers online platform for Customers, Bank’s users, Business Associates, lawyers and Valuers.

FEATURES OFFERED

1. Customer Access to Portal

  • Facility for end customers to apply online through web portal
  • Dashboard for Customers to see application status
  • Loan application along with document upload (e.g. KYC, Collateral etc.)

2. Bank Back office Access to Portal

  • Branch assisted loan application
  • Dashboards for users to see applications status
  • Loan application along with document upload ( e.g KYC , Collateral etc)
  • Configurable work flow (Amount wise, Product wise)
  • Credit scoring, Balance sheet analysis, Ratio Analysis, Credit bureau score/ integration
  • 360-degree view of loan application.

3. Business Associates

  • Business Associates users can upload loan application along with documents
  • Business associate users can do 1st level document verification
  • Monitoring of loan application status through Dashboards

4. ADMINISTRATION & SET-UP

  • Create different type of users along with its roles and rights
  • Value-based, Product-wise work flow with exception matrix
  • Loan Product creation with stage-wise document mapping
  • Assign exception overrule rights to specific users
  • Facility to configure Credit scoring parameters
  • LOS integrates application data with pre-defined letter templates to generate and print the letter without human intervention

5. LOAN APPLICATION PROCESSING

  • Process loan application based on work flow defined for a specific product
  • Loan cases flows through the designated authorities
  • Third party document upload (Valuer, Advocate)
  • Facility to receive different Fees/Charges on different stages
  • Recommendations by designated authority as per the work flow
  • Facility to send the loan case back for review
  • Facility to see appraisal remarks
  • Capable of recording exceptions at any stage
  • Facility to see and overrule the exceptions made by earlier authority
  • Ability to calculate different financial ratios
  • Generate MPBF ( Maximum permissible Bank Finance )

6. Third Party INTEGRATION

  • Online Pan verification
  • All Credit Bureau Integration (e.g., CIBIL, HIMARK, EQUIFAX, EXPERIAN)
  • SMS / Email notification
  • CBS integration

7. READY RECKONER

  • EMI Calculator for different loan schemes

8. DASHBOARD

  • User wise dashboards
  • Graphical view of all applications at a glance
  • Tracking any application status based on Product, City, Branch, Applied amount etc

9. REPORTS

  • Loan Application form
  • Appraisal note
  • Sanction Letter
  • Loan Agreement
  • Turn Around Time Report