Vivriti Capital’s story of how they digitized their loan paperwork for 10x faster disbursals
The new Leegality process helps boost productivity 3-4 times - freeing up precious man-hours. It also accelerates the disbursement process by cutting down the lead time for the customer to execute the loan kit and also the lead time at our end to process the signed copy. This helps us achieve exponential AUM growth without significantly increasing the headcount”
Delayed Disbursals: Physical process would delay disbursals and consume significant man-hours
Lightning Fast Disbursals: What used to take 3 hours earlier now takes 5 minutes. That’s a 10x faster process for digital lending after Leegality
Constrained Loan Book Growth: In a physical process, there was only so much possible because they were constrained by factors like customer availability and, banking channels.
Faster Growth of Loan Book : With digital execution, they could double their loans per month and increase their AUM growth.
Employees were shackled by paperwork: Vivriti Officers were wasting HOURS everyday doing mundane paperwork tasks
Liberated from paperwork: Vivriti officers now spend hours extra everyday focused on core work such as originations, collections, auditing and risk management.
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