Ranges from 3 days to 3 weeks. Manual errors in filing documents can increase the time
Almost instant. Takes minutes. No manual errors
Paper comes with attendant costs - printing, ink, transport, storage etc. This adds to CAC and cuts into your thin margins
Eliminate all paper related costs at once. 90% reduction in CAC - allows you to maintain healthy margins
Borrower needs to sign on every page. A painful process that leads to long queues
Super easy. 4 touches and all the paperwork is signed. No queues, no hassle
No foolproof way to prevent fraud at an agent-level
Pre-fill templates to ensure that agents can’t make borrowers fill blank forms
Paper loan kits can get damaged or lost
With bank-grade storage, triple-backup and 100% tracking your digital loan kits never get damaged or lost
Customers can tend to “forget” to repay small ticket amounts on time
An immersive eSign experience that induces repayment by showing borrowers you are serious about their legal liability
.webp)
.webp)
