FINANCE SERVICES
Finance Services
Process all retail loans using one solution that ties together all of a borrower’s loans. Consolidate loan servicing functions and create one debt service operation without the limitations imposed by legacy systems.
Today’s survival-of-the-fittest environment is pushing financial institutions to evaluate ways to refine processes throughout their organizations. Duplicating effort across multiple products and managing the expense of supporting and integrating disparate platforms hurts the organizations in terms of profitability, operational efficiency, and compliance and risk mitigation – ultimately jeopardizing borrower relationships.
In many cases, the technology landscape in the financial services industry includes redundant, inefficient and incompatible systems that are increasingly costly to maintain. The productivity improvements, potential FTE reassignments and ability to support a more diverse loan portfolio resulting from consolidating loans can dramatically offset the cost of converting to new technology.
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Business Loan
A business loan is a loan specifically intended for business purposes. ... There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans.
Project loan
Project financing is a loan structure that relies primarily on the project's cash flow for repayment, with the project's assets, rights, and interests held as secondary collateral. Project finance is especially attractive to the private sector because companies can fund major projects off-balance sheet (OBS).
Home loan
A home loan is a secured loan that is obtained to purchase a property by offering it as collateral. Home loans offer high-value funding at economical interest rates and for long tenors. They are repaid through EMIs. After repayment, the property's title is transferred back to the borrower.
Personal loan
A personal loan is an amount of money you can borrow to use for a variety of purposes. For instance, you may use a personal loan to consolidate debt, pay for home renovations, or plan a dream wedding. Personal loans can be offered by banks, credit unions, or online lenders. The money you borrow must be repaid over time, typically with interest. Some lenders may also charge fees for personal loans.
Gold Loan
Gold loan (also called loan against gold) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral. ... Hence gold loan is the perfect solution to raise capital and use the fund when you require money to meet your financial needs.
Health Insurance Mediclaim
Mediclaim insurance is a type of insurance plan that offers specified financial protection against health-related expenses. It is a pocket-friendly way to mitigate any health-related emergency. However, the mediclaim insurance coverage is limited to hospitalization and other medical expenses are to be borne by the insured.
Vehicle Insurance
Vehicle insurance is insurance purchased for cars, trucks, motorcycles, and other road vehicles. ... Vehicle insurance would typically cover both the property risk (theft or damage to the vehicle) and the liability risk (legal claims arising from an accident).
MSME loan
MSME Loans also known as Micro, Small, and Medium Enterprise Loans are types of loans which you can avail if you own a business or is an entrepreneur. This type of loan provides you working capital which you can use for various purposes such as purchasing new inventory, buying new equipment, paying your staff their salary, or aid yourself in expanding your business.
Life Insurance
Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period.
General Insurance
Insurance contracts that do not come under the ambit of life insurance are called general insurance. The different forms of general insurance are fire, marine, motor, accident and other miscellaneous non-life insurance.
Startup funding
Top Trending funding sources to start and grow your startup Funding refers to the money required to start and run a business. It is a financial investment in a company for product development, manufacturing, expansion, sales and marketing, office spaces, and inventory. Many startups choose to not raise funding from third parties and are funded by their founders . bootstrapping - Accelerators & Incubators - Angel Investors - Venture Capital Fund.
Our Solution
We provide solutions for all kind of loans and Insurance we specilaize in home loans ,personal loans , business loans,project loans, msme loans, startup fundings , Life Insurance, General insurance , car insurance, Fire Insurance, Marine Insurance, and any other insurance – on a single platform. Most servicing solutions are loan-centric, which means the information about a borrower lives on the loan record itself. Bizcent Incorporation borrower data in one centralized place. Harnessing the power of that consolidated data allows servicers to do a better job of managing risk, providing customer service, and addressing default management challenges.