Digital. Dynamic. Dependable.
Personal Loan Solution
Automate the application and approval process using AI for credit scoring, document verification, and instant decision-making.
“Since adopting Newgen’s personal loan solution, we’ve reduced processing costs by 40% and increased approval speed by 70%. The efficiency gains are impressive, and our customers appreciate the faster, more accurate service.”
– VP Consumer Lending, Top 50 U.S. Bank
Looking to Automate a Specific Consumer Lending Journey?
Customers
Prebuilt Connectors & APIs
Unique Features of Newgen’s Personal Loan Solution
AI-powered Credit Risk Assessment
Leverages artificial intelligence for model battery and traditional rule battery to assess borrower creditworthiness and make accurate, data-driven decisions.
End-to-end Digitalization
Streamlines the entire loan lifecycle, from application and document submission to approval and disbursement, ensuring a seamless digital experience.
Automated Document Management
Automates the collection, verification, and validation of essential documents, reducing manual effort and speeding up the process.
Real-time Loan Eligibility & Offer Generation
Instantly calculates loan eligibility and generates personalized offers for borrowers, improving customer satisfaction.
Configurable Workflow Management
Offers customizable workflows to align with specific business rules and regulatory requirements, enhancing flexibility and compliance.
Low-code Platform
Allows quick and easy customization of the loan origination process to meet evolving market demands and business needs.
Seamless Integration
Integrates with third-party systems, such as credit bureaus, KYC, and AML solutions, for faster decision-making and enhanced risk management.
Regulatory Compliance
Ensures that all processes adhere to the latest regulatory standards, minimizing legal risks.
Find Your Winning Strategy with Newgen
See Newgen’s low-code digital transformation platform in action. Request a demo of Newgen’s platform and industry-specific applications.
Request a demoGot Questions?
Enter your information, and a Newgen representative will be in touch shortly.
Frequently Asked Questions
By offering a fully digital, omnichannel experience with real-time updates and instant approvals, the solution minimizes drop-offs and ensures a smooth journey.
AI powers credit risk assessment, personalized loan offers, and predictive analytics (e.g., probability of default), enabling faster and more accurate decisions.
Yes. With data-driven insights and customer behavior analysis, banks can identify opportunities for cross-selling and up-selling during the loan journey.
It automates KYC verification, bureau checks, and credit policy enforcement, ensuring compliance while maintaining straight-through processing (STP) for eligible cases.
The platform is built on a low-code architecture, enabling rapid customization, integration with emerging technologies, and quick rollout of new products.
DDE enables e-signatures, document validation, and automated generation of loan agreements, eliminating manual paperwork and reducing turnaround time
It uses AI-driven anomaly detection and transaction pattern analysis to identify suspicious activities early, reducing fraud risk.
Yes. It supports seamless integration with core banking systems, credit bureaus, payment gateways, and CRM platforms for a unified experience.
By automating repetitive tasks, reducing manual interventions, and enabling real-time monitoring, it lowers operational costs and improves capacity planning.
- Faster go-to-market for new products
- Higher STP rates and reduced cycle time
- Improved digital channel conversions
- Enhanced customer satisfaction and retention
