Non-banking Financial Companies (NBFCs)

Digital. Dynamic. Dependable

With Newgen, experience a 50% reduction in loan approval time, a 40% increase in customer acquisition, and a 35% boost in portfolio growth.

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Modernize lending with our unified, cloud-based, and comprehensive lending solution, built specifically for NBFCs. You can automate your lending journeys end-to-end across all kinds of loans — personal, small business, auto, home, and mortgage – powered by AI. Our NBFC lending solution – built on low code – speeds up deployment and fuels rapid innovation to enable you to launch innovative products faster and stay ahead of the curve. What’s more, you can do all this while staying risk-free and compliant. With enhanced collaboration and AI-driven automation, your employees engage with work and customers better for happier outcomes all around.

Achieve 70% lower processing time with Newgen’s Solution for NBFCs

Loan Origination

Ensure robust Lead capturing and seamless Data Entry & Dedupe. Get external Credit Check integration and pre- configured scoring engines. Enable comprehensive Underwriting and Audit capabilities for increased compliance with dynamic regulatory requirements. Automate Workflow and Hassle-Free Document management. Support Single Disbursal and different repayment modes. Capture bank details and multiple account details.

Loan Collection

Source data periodically from the Core Banking System to the Collection system. Classify and allocate loans based on the amount, DPD, and tenure. Automate allocation of cases to tele callers. Support recording and tracking of ‘Promise to Pay’ and ‘Broken Promise,’ including action codes. Enable Legal Case Marking.

Loan Management

Upload Bulk Receipts and Payments. Enable a robust repayment engine that reflects various repayment types. Integrate accounting and provisioning. Get access to auto-closure facility and rescheduling. Ensure seamless PDC management.