Technology Innovations in Personal Loan Processing to Salaried Class Customers

Abstract

In Banking Sector for lending advances expect some secured and guarantee by someone. In that type of secured lending the process is more but risk is less, which result not heavy growth in advances. In recent trend bank take risk by lending advances as unsecured based on the credit score and income capacity of the borrower. Advancement of CBS, various lending analyze method, NACH collection process etc., useful to lend unsecure advances.