SME and MSME Loan Automation Software for COVID-19 Emergency Credit Line Application Processing

Download Brochure

In a bid to help banks and financial institutions (FIs) in processing and disbursing a large volume of loans to individuals and businesses, the Government of India and Reserve Bank of India (RBI) has launched multiple schemes. Banks and FIs need to be prepared to manage the expected increase in loan applications with speed and accuracy while adhering to the regulatory guidelines

Newgen’s software has been designed to help FIs in quickly ramping up on Newgen’s cloud platform in 3-4 days. The software efficiently handles the bulk application load using a self service portal and enables quick straight-through processing (STP).

Core Functionalities of the Software

  • Cloud-based deployment in 3-4 days
  • Successful PaaS/SaaS based deployments across world
  • Self service portals for high volume applications
  • Pre-qualification criteria and auto-loan calculation
  • Multi-mode request initiation depending on scheme segment and loan amount
  • Straight-through processing of loan applications
  • Real-time eligibility checking
  • Digital customer on-boarding
  • Document management and robust integration
  • Status tracking and comprehensive reporting
Request Demo

Terms of UsePrivacy Policy