Mega Bank launches loan automation system
Mega Bank Limited has launched a credit automation system called Credit X in collaboration with SB Solutions Pvt.
It will autonomize and digitize online loan application, internal loan workflow, risk assessment, loan approval.
Chief Business Officer of Mega Bank Limited Amit Shrestha and Chairman of SB Solutions Bipul Dhakal have signed the agreement on behalf of their respective organizations.
It will also help reduce the risk associated with borrowers by monitoring the risk parameters within the system.
This helps the bank to complete the loan process faster. The system also processes collateral and non-collateral base loans.
The loan automation system is designed to meet international rating standards. This autonomous system is a system-driven customer objective assessment as well as standardization of thematic parameters.
The bank is also launching an online loan qualification service developed by SB Solutions. This will help customers to check their online loan eligibility and apply for any loan product through the online portal offered by the bank.