Fintech App Case Study - Fintech App | Fintech Mobile App
FlexiLoans

FlexiLoans

Getting your money has never been simpler.

Fast. Secure. Confidential loans.

FlexiLoans

FlexiLoans gives you secure loans effortlessly using state of the art IBV (Instant Banking Verification) technology. Users can request $200 to $1200 loan with the paperless application in 5 mins.

Project Description

Project Description

Flexiloans is a fast and secure platform to borrow small loans for daily needs in an emergency. We created an easy and robust lending platform which is fully automated and reduces loan processing time.  Lending platform updates users at every step of the process, right from application submission to loan approvals. 

Challenges & Solutions

1. Flexiloans provide loan to users in an emergency. In such a scenario, each extra second of processing time counts. We created a fast and secure platform which can process the loan in under 5 minutes.
2. Integration with 3rd party Credit Score API which does KYC, and bank account verifications.

1. Query Validation: We re-organized the database architecture and optimized the query, resulting in better performance and faster query processing.

2. Automated Decision System: We redesigned the database and added additional fields to capture client details and automated the process which helped back end Admin team to make quick loan processing decisions.

3. All in One Back End Panel: We created robust all in one Admin panel to process everything required for processing loans and management of the borrower account: see the status of the application, filled application form status, alerts for filing forms, loan disbursal, payment status etc.

App Features

Customer Web App: Borrowers can raise an application request for getting loans for different kinds of personal needs. The user can apply for a loan by submitting a form where they need to provide their requirements and personal details. The website also has an option for the customers to apply for Re-Loan, which is named as RENEWAL on Flexiloans website.

Admin App: Maintains all the loan requests for processing loans and management of the borrower account. Admin can see the status of the application, view-filled application form status, send alerts to users for filing forms, approve loan disbursal, check payment status etc..

App Features
Customer Web App: Borrowers can raise an application request for getting loans for different kinds of personal needs. The user can apply for a loan by submitting a form where they need to provide their requirements and personal details. The website also has an option for the customers to apply for Re-Loan, which is named as RENEWAL on Flexiloans website.
Admin App: Maintains all the loan requests for processing loans and management of the borrower account. Admin can see the status of the application, view-filled application form status, send alerts to users for filing forms, approve loan disbursal, check payment status etc..

Technology Stack

  • Windows

    Windows

  • Linux

    Linux

  • Angular

    Angular

  • WordPress

    WordPress

  • .NET Core

    .NET Core

  • MySQL

    MySQL

The Results

The Results

We created fast and secure loan processing platform which reduced loan processing time drastically from 2-3 hrs to under 5 minutes, resulting in over 40% increase in loan disbursal and increased profitability.

Get in Touch

Whether you’re just getting started with your app idea or you’re a multinational
trying to evolve your brand for the future, we’re ready

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