In today’s rapidly evolving financial landscape, embracing digital transformation is crucial for staying competitive. Craft Silicon’s Nimble Gold Loan solution exemplifies this transformation with its advanced features:

• Seamless Digital Onboarding with API Integration:

  Nimble Gold Loan’s fintech solution revolutionizes the gold loan process with its branch-based workflow and doorstep workflow. Through advanced API integrations, customer onboarding is seamless with instant access to critical information, such as E-KYC ID authentication and CB checks. This integration ensures greater transparency and accelerates loan disbursement.

  Nimble Doorstep mobile app allows agents to onboard customers right at their doorstep, thereby enabling borrowers to complete their application from the comfort of their homes. This streamlined process saves time and enhances convenience for both the borrower and the lender.

• Accurate Gold valuation:

  Nimble gold loan solution provides access to real-time market data for different purity levels (through API based integration gold rate providers) which ensures that the valuation of gold is based on the most current market gold rates. This real-time data helps in accurately determining the loan amount and ensures fair and transparent pricing for borrowers. The solution recommends the eligible loan amount for borrowers after LTV calculation and margin considerations.

• Enhanced Security & Transparency:

  Nimble Gold loan solution enhances security of the gold loan transactions. In doorstep gold loan, the solution records the geo-coordinates (GPS tracking) of field agent while borrower hand over the gold to the agent. Lenders can perform real time tracking and monitoring of field agents transporting the gold, reducing the risk of theft. Alerts can be triggered in case the field agent deviates from the optimal route. Further, the customer will be notified once the gold is safely stored in the branch vault enabling transparency and increasing borrower trust.  

• Transparent Interest rates:

  Nimble Gold loan solution makes available clear and upfront information about interest rates, charges, and repayment schedule adhering to the RBIs initiative like KFS (Key Fact Statement) and Loan cards. This transparency empowers customers to make informed decisions and avoid hidden fees.

• Instant Disbursement

  Once the valuation is complete, loan appraisal, booking, sanction and approval can be automated allowing the disbursement to happen instantly directly to customer’s desired bank account within minutes. This rapid turnaround time is a significant advantage compared to traditional lending processes.

• Repayment Schedule Configuration

  Nimble Gold Loan solution also offers configuration of different repayment schedule options such as Normal EMI, bullet payment or interest only EMI payments based on the need of financial institution.

• Compliance & Reporting:

  Nimble solution adheres to legal regulations and operational standards as prescribed by Reserve Bank of India (RBI). Further, compliance including AML and KYC requirements and adhering to laws, regulations, and industry standards that govern the lending process have been inbuilt into the solution.

Thus, Nimble gold loan smart features allow financial institutions to provide and manage gold loans seamlessly that supports their growth objectives, efficient loan management, customer satisfaction and adhering to regulatory requirements.