With over 1.33 million Indian students studying abroad, education loans have become vital. According to an Economic Times report, 33% of these students depend on such loans to pursue quality education overseas. Non-banking financial companies (NBFCs) have seen significant growth in education loan assets, rising over 80% in fiscal year 2023 and 70% in fiscal […]
Guide to AI-Powered Loan Management Software for Modern Lenders
Manual loan processes slow lenders down. In 2023, only 15 percent of lenders used artificial intelligence, but that number jumped to 38 percent in 2024. By 2025, Fannie Mae predicts 55 percent of lenders will pilot or expand AI. Relying on paper forms and fragmented systems means lost time, higher operational costs, and missed opportunities. […]
Hidden Costs of Using Multiple Lending Systems vs. One Unified Platform
Ind͏i͏a͏n͏ ͏banks, NB͏FCs, and fint͏ec͏h͏͏ l͏end͏er͏s are under͏ const͏͏a͏nt͏ pressure͏͏ to boost efficiency a͏͏nd p͏rofi͏tab͏il͏it͏y. ͏Ev͏ery rupee s͏p͏e͏nt ͏on techno͏logy ͏sho͏uld d͏irectly c͏on͏tr͏ibute t͏o ͏b͏et͏ter lo͏an p͏rocessing, collection͏s͏, and de͏cision-making͏.͏ Ye͏t, many ins͏titution͏s͏ st͏ill rely o͏n separ͏ate systems for loan origination, management, and coll͏ections, creating hidd͏en costs and operational in͏effi͏ciencies. McKinsey reports that such͏ o͏p͏erational […]
Why You Need a Co-lending-Ready LMS for Multi-Partner Loan Management
Your bank receives a high-value MSME loan application that fits your risk criteria, but due to funding limitations, you must stall the approval. Meanwhile, you find ideal co-lending partners who are ready to share the funding and loan management. However, your current system cannot manage multi-partner workflows, automated settlements, or track compliance for each participant. […]
How Outdated Loan Management Systems Are Sabotaging Your Loan Officers’ Productivity
Loan officers work in a highly competitive and technologically changing lending landscape. Their productivity depends not only on their skills but also on the systems and tools that facilitate their day-to-day operations. Yet, most financial institutions continue to use outdated loan management systems (LMS) that are unable to keep up with modern demands, creating bottlenecks, […]
Choosing the Right Loan Management Software: 10 Questions Most Lenders Forget to Ask
Selecting the right Loan Management Software (LMS) can make or break a lending institution’s operational efficiency, compliance adherence, and ability to scale. As lenders increasingly digitise their workflows, the global market for loan management systems continues to expand. The digital lending platform market in India is projected to reach USD 23.77 billion by 2030, growing […]