1. Reduced turn-around time for loan application processing
2. Reduced costs of setting up new branches by saving on manpower
and infrastructure
costs
3. Reduced costs in existing branches by rationalization of manpower
and infrastructure
4. Tracking the exact status of each loan application
5. Fraud control through seamless process compliance
6. Parallel processing to allow quick soft approval and disbursement
while the processing continues
7. Reduction in processing complexity while being able to offer
multiple variants of the loan
8. Introduction and servicing of new loan products quickly