MSME Lending | Newgen

Streamline your MSME lending with Newgen’s MSME Loan Origination Solution, built on a low code digital transformation platform. The solution is tailor–made for the sector keeping in mind the specific nuances of the industry. From managing leads to initiating the application, classification of MSME and priority/non-priority sector lending, processing the application, financial and risk underwriting, automated documentation, disbursement, and post-disbursement monitoring, the solution does it all.

Features for Government-Sponsored Loans and MSME Lending Solution

Processing of Schematic/Non-schematic loans

Define straight through process (STP) or non-STP path basis ticket size and specifications. Get loan approval in minutes based on ticket size, customer, and product. Enable low touch, no touch loans based on schemes. Different workflows and forms for schematic/non-schematic lending. Support government-offered scheme-specific journeys for lending, healthcare schemes, commercial vehicle schemes, etc. Customize forms and fields to cover scheme-specific offers, benefits, subsidies, and guarantees.

Document Management & Portfolio Monitoring

Customize and create user-based dashboard with live data projection. Ensure easy reporting module for customized report creation. Get comprehensive document management solution to capture, store, upload, generate, and track associated documents. Scheme-specific document capture and generation. Enable financial/non-financial covenant monitoring, early warning system, pendency and document monitoring. Automate alerts and triggers for monitoring related checks and requests at defined schedules and frequencies.

Automated Underwriting and Risk Assessment

Extract data using OCR and AI/ML capabilities. Use smart underwriting module for financial spreading of individuals and non-individuals. Access different assessment methodologies for fund-based and non-fund-based facilities. Utilize apps and portals for customers, valuers, agents etc. for raising requests, case assignment, tracking and information sharing. Enable live data capture such as geotagging, live location capture, time stamp, photo/video capture and upload, and field report submission.

Intelligent Workflow Definition

Easy drag-and-drop feature to configure workflows. Automate routing of cases basis pre-defined logics and rules. Support applicable subsidies and refunds as per selected schemes and guarantees. Ensure easy management of disbursements in single/multi tranches, instruction set-up, disbursement scheduling, and funds transfers. Lead capture and filter, bulk lead upload, case initiation, and basic data capture. Simplify pre-screening process for first level check.

Loan Proposal Creation and Processing

Configure all types of loan products such as Term Loans, Working Capital, Letter of Credit, etc. Auto-fill data using integration with different internal and external systems. Enable detailed security capture with additional features such as valuation, insurance, cross-collateralization, and more. Automate interest and terms and conditions assignment. Use intelligent case routing as per authority hierarchy.

Priority/Non-priority Classification

Create sector classification of borrowers based on turnover and investment. Get priority/non-priority lending classification. Use readily available integration adaptors for checks and verifications such as Know Your Customer (KYC), Income tax returns, Corporate/LLP check, and more. Ensure borrower scrutiny through credit bureau check, AML, de dupe, defaulter check, blacklist checks, etc.