FINO Saral is a new Product for the Micro Loans segment. This is in response to the need in the market from Banks and Micro Finance Institutions ( MFI).
Instead of the customer coming to the Bank branch, the Bank’s agent goes upto the customers to offer the loan, fill a simple form, and submit to the Bank for approval.
Upon approval of the loan, the cash can be disbursed to the customer by the agent himself using Biometric Smart card based authentication and bookkeeping technology developed by FINO.
FINOSaral is a complete end-to-end Loan Management Solution, combining technology and services. It enables each branch of the Bank/MFI to reach out to a very large number of loan applicants and to process the loan applications with very less paperwork and time.
FINOSaral can be configured to the Bank/ MFI specific Loan product structure and approval process and comes with added features like
- An integrated Credit risk control mechanism, which ensures that necessary checks are done on the applicants and exposure is maintained within specified limits.
- Supports EMI based loan,
- Pre-approved loan and
- Demand loan functionality.
- An in-built configurable business rules engine, which enables the bank to fine-tune existing products and launch new products quickly to meet changing needs of their customers.
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