Consumer Durable Loans Process Automation

Are you a financial institution who hate making consumers wait?

ount on KlearStack for faster processing of consumer durable loans.

Industry Problem

The demand for consumer durables is on a rise as consumer durable loans make things affordable. Consumers love zero or low interest rate financing for their purchases. We understand your quest to process the Consumer Durable Loan in a matter of minutes. Delay in processing the loan can be detrimental to consumer relationship and may result in loss of business.

Ability to quickly extract and validate consumer information from documents such as below, is very crucial:

  • Identity proof - Passport, Aadhaar card, PAN card, Voter ID, Driving License etc.
  • Residence proof – Passport, Aadhaar card, Electricity bill, Telephone bill etc.

KlearStack Advantage

  • Template-Less Approach data extraction– Captures unstructured data from Aadhaar Cards, PAN Cards, Passport Scans, Driving License etc, accurately & intelligently.
  • Faster “In Store” Loan Processing – Minimal manual intervention required.
  • 200% Improvement in productivity – Reduced loan processing time.
  • 100% Inter-operable using REST APIs.
  • 80% Reduction in cost.
  • Faster loan processing – strong consumer relationships.