Filtering potential loan candidates from unsuccessful ones just got a whole lot easier. Your customers can now anonymously determine if they fit your bank’s lending criteria. The best part? Customers who are successful in the pre-approval process are easily converted into formal applicants.
Why do things the hard way? Especially when we’re giving you the green light to reduce the amount of resources spent on the loan applicant screening process?
White-labelled solution where business customers can upload their financial accounts to PreApprover on the bank’s website. The process requires a simple, manual upload from an excel spreadsheet, PDF document or accounting package. Customers can then see if they fit the bank’s lending criteria. Successful PreApprover applicants can proceed to the bank’s normal loan application process. Unsuccessful applicants receive valuable feedback for future applications. Credit ratings of unsuccessful applicants will not be affected.
- Business customers can check if they qualify for a loan without having to go through the whole loan application process.
- Reduce the amount of resources spent on the screening process. No need for any manual input from the bank.
- PreApprover stimulates profitable loan applications.