iLoan Explained

iLoan is a digital lending platform that allows financial service providers to provide loan products effortlessly to all individuals and businesses across the social spectrum at affordable cost, timely manner and tailored needs . 

The system is all about enhanced operational efficiency and faster turnaround time. Customers will use ePayNet to apply for loans, get disbursements and repay loans.

The system is integrated with a credit bureau for the collection of the customer’s credit data. The credit bureau blacklists delinquent customers and prevent their future access to loans, and make this clear to potential lenders to encourage applicants to pay. 

Benefits

 1. Credit cycle optimization

 2. Ability to speed up processes

 3. More consistent lending process 

 4. Convenience, use on multiple devices.