Creditclan- Does Creditclan give loans?
One of our frequently asked questions is: “Does Creditclan give loans?”
The short answer is no, Creditclan is not a lender and does not offer loans to customers.
Here’s what we do instead
We help financial institutions and businesses provide credit to consumers across Africa. How do we do this? Read on
How do lending houses and banks decide whether to give a loan?
Data.
Two things determine the outcome of any loan application: available data on the customer’s creditworthiness and the methods used to process the data.
Questions like:
“How much do you earn?”
“Do you have a stable source of income?”
“Have you taken a loan before?”
“Did you repay your last loan?”
“How do we make our money back if you cannot pay?” must be asked and answered by any reasonable credit loan officer.
These are the type of questions that determine who gets credit and how much they get.
Our platform touches on the six main stages of the credit value chain, including identity verification, application processing, underwriting, decision making, disbursement, and recollection.
Our three main value proposition are credit, credibility and collection.
Credit: We cover every area of credit from Digital lending, to consumer credit and P2P. When it comes to digital lending, lenders do not need a technology team to own a lending platform. They can set up a lending platform in 30 minutes with our 1st of a kind aggregated technology and data for outrageous scale. We help merchants across Africa sell their goods on credit and match merchants with lenders to power their business.
Credibility: We help individuals and businesses determine the credibility of those they are transacting with. We do this by verifying identities of consumers within minutes, retrieving financial history, generating patterns of income, borrowings, transfers, gambling, sweepers, analyzing any bank statement in 10 seconds, reducing TAT by 98% and assessing consumer creditworthiness within minutes. This makes applying for and getting loans or credit a lot faster and secure.
Collection: One platform for online and offline collection. We provide a centralized platform for every kind of collection. Lenders have no reason to worry about recollection.
With these services, we power financial institutions and businesses to provide credit to consumers across Africa.
Ready to get started?
If you are looking to scale your business with technology for credit, credibility and collection. Drop a line to care@creditclan.com or support@creditclan.com call 01–2297897
