Credit Calculator

The Credit Calculator begins with collecting essential risk parameters. Through structured forms, clients can provide the necessary information while answering risk-related questions. The system then records and pre-verifies responses, ensuring data accuracy and consistency before moving on to the next stage.

Based on the collected data, the Credit Calculator delivers preliminary results, providing clients with an overview of potential loan terms. This includes essential details like the loan amount, repayment period, and interest rate. The feature also allows you to save calculation attempts, ensuring that both clients and bank representatives can revisit and adjust calculations as needed.

The Credit Calculator offers robust reporting tools that help you monitor and analyze prescoring outcomes. Track calculation attempts, review the detailed terms proposed, and gain insights into how often clients engage with the calculator. Additionally, you can assess trends in product terms and identify areas where further checks or adjustments may be needed.

To ensure thorough risk assessment, the calculation logic can be integrated with external systems, such as the Credit Bureau, allowing for real-time validation against the bank’s risk criteria. This integration enhances decision accuracy and minimizes risk exposure by factoring in external credit data during the calculation process.

The Credit Calculator feature is a valuable asset for banks aiming to deliver quick and accurate credit assessments while maintaining a high standard of risk management. By automating and streamlining the credit calculation process, your bank can offer more personalized financial products, improve client engagement, and enhance operational efficiency.