Newgen’s Lending Solution for Non-banking Financial Institutions (NBFIs)

Enable end-to-end lending lifecycle management and future-proof your enterprise

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 Overview - Newgen’s Lending Solution for Non-banking Financial Institutions (NBFIs)

Overview


Make your financial institution agile and future-ready with our unified, cloud-based, end-to-end lending solution, built on our low code digital automation platform. The scalable lending solution, equipped with out-of-the-box functionalities and configurable capabilities, promises a collaborative environment for you and your remote employees. Our lending solution assures you of a quick rollout with fixed implementation duration and zero upfront costs. You can leverage the solution to cater to all kinds of loans—personal, small business, auto, home, and mortgage. Furthermore, you can ensure compliance with regulatory requirements and streamline your end-to-end lending process—pre-screening, application processing, underwriting, disbursal, and loans and collections management—across a wide range of loan products. Additionally, you can leverage the straight-through processing of loans to deliver a superior customer experience.

Key Features of Newgen’s Lending Solution for NBFIs

Newgen’s Lending Solution for Non-banking Financial Institutions (NBFIs)

Loan Origination Solution

  • Robust Lead capturing and seamless Data Entry & Dedupe
  • External Credit Checks integration and pre-configured scoring engines
  • Comprehensive Underwriting & Audit capabilities for increased compliance with dynamic regulatory requirements
  • Automated Workflow & Hassle-Free Document management
  • Support Single Disbursal
  • Supports different repayment modes
  • Captures bank details and multiple account details

Newgen’s Lending Solution for Non-banking Financial Institutions (NBFIs)

Loan Management Solution

  • Bulk Receipts and Payments uploads
  • Robust repayment engine, reflecting various repayment types
  • Auto Closure facility, rescheduling
  • PDC management
  • Integrated accounting and provisioning

Newgen’s Lending Solution for Non-banking Financial Institutions (NBFIs)

Loans Collections Solution

  • Data sourced periodically from CBS to Collection system
  • Classification and Allocation of loans based on the amount, DPD and tenure
  • Automated allocation of cases to tele callers
  • Supports recording and tracking of “ Promise to Pay” and “Broken Promise” including action codes
  • Legal Case Marking