In 2021, the loan books of Indian digital lenders amounted to USD 32.8 billion. This number is predicted to grow to USD 515 billion by 2030. This is the story of India’s digital lending in a nutshell. Digital credit is set to go through the roof. And adopting agile loan origination system that both transform and scale a lender’s business is table stakes. 

Loan Origination System: The backbone of modern lending

Great credit products are built on agile origination systems. Whether the channel of sourcing a loan is offline or digital, a framework that supports the workflow—from pre-approval to disbursal—can make or break a product. This means that lenders have to account for several factors while choosing the loan origination framework: 

• The customer journey throughout the loan cycle

• The back-end workflow that documents each lead and orchestrates the journey

• Policy and compliance

• Integrations that enable the origination-to-disbursal workflow

• Precise underwriting and decision making

Read our e-book here .>

Presenting FinBox Loan Origination Software

Often, building a loan origination system for lenders requires collaborative effort of business minds and tech. It’s resource-heavy and takes months to develop in house. However, lenders now choose to take the more efficient route by partnering with third-party providers. FinBox, with its expertise in building LOS systems and risk intelligence, provides lenders custom and best-in-class loan origination software that can help transform and scale lending. And the best part? We do it in a matter of weeks!

FinBox’s Loan Origination Software supports multiple channels of originations, be it offline channels like branches and Direct Selling Agents (DSAs) or from digital channels like native apps/websites or point-of-sale products (eg: BNPL in marketplaces). Our origination stack  supports both straight through processing (STP) and non-straight through processing digital journeys. 

FinBox’s Loan Origination Software comprises all the components that go into making efficient lending journeys. We provide ready-to-integrate SDKs and APIs that can help banks and NBFCs launch digital products in days! 

FinBox customises products and the journeys to suit the lender’s business use cases and policies. Our team works closely with lenders to tailor each aspect of the journey. Lenders can choose to completely adopt FinBox’s platform or choose to integrate their platform with ours. The bottom line? Lenders get to choose how they want to bring their product to life.

A lending origination system is a well-oiled machine that needs several cogs to run smoothly—from thorough KYC to precise fraud checks. FinBox’s LOS comes with pre-built integrations to enable all these capabilities. Lenders can choose third party integrations and how to orchestrate them. 

Our loan origination system gives lenders the ability to monitor data, access analytics, take control of policies, and generate reports in the backend. We enable these capabilities with our self-serve back-office portal, which requires zero-to-minimal tech intervention!  

Why should you get FinBox’s LOS?

• Go live in less than ~2 weeks

• Easy to integrate

• Configure journeys with ease 

• Easy change management

• Take full control of your data and policies 

Choose your flavour of Loan Origination System

FinBox’s Loan Origination System can be customised to suit your business objectives and use cases:

  Curious to know more about FinBox’s Loan Originations Software? Get in touch with us !