In the field of lending, there are a plethora of processes that must be followed, from loan origination through disbursal. From the perspective of the loan seeker, it entails significant time, effort, as well as logistical investments. The whole loan life cycle, from KYC verification through application submission, loan application form as well as user setup, account requirements, amount sanction, as well as a disbursement, end-use monitoring, and EMI/Principal collection, is primarily conducted offline. This is where the open credit enablement network comes into the picture to help people who…
Read MoreExplained In Detail: What Is Open Credit Enablement Network (OCEN)
