Products
Retail Credit System
Retail Credit System
Traditionally, loan application processing has been a predominately manual process making it time-consuming and inefficient. It is not only difficult for the banks as they need an army of loan officers for the task, but also is incredibly inconvenient to customers. Clearly a faster, more effective and efficient approach to application processing is needed.
Use Surya’s web-based Retail Credit System to automate the loan application process
Surya’s Retail Credit System (RCS) is a web-based system that can be accessed by the applicant from the Bank’s portal and provides an easy web-based method for submitting the loan application. Using RCS, individuals can apply for:
- Housing Loans
- Investment Loans
- Auto Loans
- Credit Cards
- Personal Loans
More importantly, RCS enables the Bank to respond instantaneously to the application. RCS eliminates the laborious process of filling up application forms followed by weeks of waiting to receive the approval.
RCS provides
an easy-to-use web interface that allows the applicant to select the type of loan
requested. The applicant can fill the application form online. It also provides
a pop up excel spread sheet to calculate disposable income.
The system comes with an in-built rating capacity which assesses the information provided and then rates the application as either "approved, subject to verification" or, where the application does not meet the acceptable credit standards, as "further discussion needed".
Applications thus received are reviewed by the Bank via the system, and then processed. To ensure a highly efficient service, the system provides reports on applications received, processed and pending for processing.
Key Benefits of RCS
- Quick deployment and anytime, anywhere access: RCS is a web-based solution thus enabling quick deployment and availability from any location.
- User friendly: RCS is easy-to-use, with an intuitive graphical user interface.
- Reporting: RCS provides the reports on applications received, processed and pending for processing.
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