We cannot discuss digital-first loan origination systems without commenting on India’s commercial loan portfolio, which expanded by an impressive 17.8%, reaching ₹64.1 trillion in the financial year (FY) 24. Additionally, while Medium and Small Enterprises (MSME) loans witnessed a 13.9% year-on-year (Y-o-Y) growth between FY 2020 and 2023, individual loans grew by 13.5% Y-o-Y in […]
5 Reasons Why Traditional Lending Operations Cost 5x More Than Software-Enabled Lending
India’s digital lending market, projected to reach ₹15 trillion by 2030, is expanding at a CAGR of 25.6%. RBI reports non-food credit increased by 13.9% in 2024 compared to 9.6% in 2022. Yet, many banks depend on conventional processes to satisfy this need. Manual processes like paper-based application forms, in-person and physical document verification, personal […]
The Tangible Benefits of Implementing Advanced Loan Origination Software
Traditional loan origination processes, plagued by manual bottlenecks, delayed approvals, and regulatory risks, cannot keep up with increasing demand. The need for a significant transformation is evident. The Loan Origination Software (LOS) can be that. It automates loan workflows, improves accuracy, and ensures compliance with changing financial regulations. With digital lending in India expected to […]
Understanding MSME Loans: Opportunities and Challenges for Lenders
Micro, Small, and Medium Enterprises (MSMEs) are a significant part of the Indian economy. The export value of MSME-related products for the financial year 2024-25 alone constitutes 45.79% of all India exports. However, despite their importance, MSMEs face significant challenges in finding financial support. According to an International Finance Corporation (IFC) report, the barriers include: […]
Cloud-Based vs. On-Premises Loan Origination Software: Pros and Cons for Financial Institutions
Modern loan origination software has eliminated historical barriers through powerful integrations, enhanced functionality, and optimised costs. These advances have transformed conventional banking platforms characterised by complex setups and rigid infrastructure. However, one critical decision financial institutions face when adopting such software is choosing between cloud-based and on-premises loan origination software. Each option comes with its […]
Top 10 Features Every Modern Loan Origination System Should Have
Lending has changed dramatically with the rise of digital technology, and a modern Loan Origination System (LOS) plays a key role in this transformation. Traditional loan processes, relying on paperwork and manual input, have given way to automated, streamlined operations. A powerful LOS becomes indispensable as more lenders adopt technology to improve efficiency. But what […]