Personal Loan | Newgen

Leverage our low code-based personal loan origination solution with pre-configured industry-standard digital lending journeys for personal loans that can be tweaked as per your needs. The solution can automate the end-to-end personal loan origination process while ensuring a complete digitized journey for new to the bank as well as existing customers. Eliminate the need for borrowers to visit a physical branch, enabling them to complete the loan application process online, including document submission, and get instant disbursal.

Features of Personal Loan Origination Software

Digital KYC & Disbursement

Perform customer identity verification remotely and electronically. Disburse loans instantly for eligible customers supporting E mandate/E-Nach, etc. Manage digital document generation, document validation, and e-signatures.

STP, Exception Handling & Fraud Analysis

Enable straight-through processing (STP) for instant loan approval and disbursements. Handle and map deviations according to the deviation matrix. Examine transaction data and detect fraudulent patterns, behaviors, or anomalies.

AI-enabled Lending & Data Extraction

Power entire Lending lifecycle with machine learning models for Personalized Loan Offers, Credit Risk Assessment, and Predictive Analytics like Probability of Default/Dropout models. Extract data automatically from several data sources using Optical Character Recognition (OCR) to cross-examine and verify customer information.