KATHMANDU, June 9: MEGA Bank has partnered with SB Solutions to implement and go live with the Credit-X (Loan Automation System).
Issuing a statement, the company said that the loan automation system has been implemented to automate and digitize processes like Online Loan Eligibility, Online Loan Application, Internal Loan Workflow, Risk Assessment, Credit Documentation and approval of loan including post-approval documentation like offer letter and loan deed.
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“With the introduction of the Credit-X (Loan Automation System), banks will not only be able to replace the paper-dependent loan workflow entirely, but will also be able to mitigate the credit risks associated with loan clients by monitoring risk parameters within the system and help banks to process the loan quickly,” the statement reads.
Additionally, the bank is also introducing Online Loan Eligibility service built by SB Solutions, which will enable the customers to avail the Online Loan Eligibility Check and even apply for any loan product through online portal offered by the bank.
