Car Financiers

LBIT Car Financier platform gives Car Financiers a platform to broaden their customer base by joining hands with multiple dealers and ensurehassle-free and swift auto finance options for their customers.Features of Car Financiers Platform are:

Features

Grant access to multiple dealer/DSA

Lenders can give access to their channel partners (dealers/DSAs) to the platform and enable rule/API based screening, lead sharing, application tracking, payout invoice generation etc. Lenders can also launch dealer/DSA specific payout schemes through this platform.

Rule / API based instant loan decision

Rule/API linked application will help dealers/DSAs to do the initial screening of the leads before sharing them with the lender that will drastically reduce time spent of rejection cases and enable the users to work on positive leads.

Multi Dealer (new & Pre-owned) / DSA / Location Platform

Manage dealers/DSAs across locations using a single platform with a customizable dashboard to keep track on day to day operations.

New and pre-owned car loan from single app

Lenders can manage both new and pre-owned car loan verticals from a single application with multi location, multi-function login access and with standalone and consolidated dashboards.

Automated Payout billing across Dealers / DSA

Payout billing is automated based on the payout master for each dealer/DSA and they can generate the GST invoices for payouts from the system avoiding miscommunication and errors.

Digital Retail Loan connect with sourcing partners

Digital lead sharing that is enabled for dealers/DSAs which will result in considerable reduction of loan application decision turnaround time for dealer/customer and Opex to the lender

Inbuilt Experian customer credit history report

Experian based scorecard can be generated as per the lender parameters which will be a major part of the under-writing process.

Lead to Disbursal tracking integration into LOS

API integration into the lender LOS will enable the dealers/DSAs to track their loan applications on a real time basis.

Launch Dealer / DSA based payout schemes

Lender can launch dealer/DSA specific payout schemes on the go and system will arrive at the payouts on a real time basis.

Pre-define lead hierarchy for quick TAT

Leads shared can be redirected to the respective Relationship/Credit managers as per the pre-defined hierarchy and once an agreed TAT is breached, lead will move to the next tier.

Save on building middle-ware and cost of dealer DSTs

LBIT can replace the middle ware used to transmit leads and scanned documents. It can also reduce the cost on DSTs considerably as most of the process will be digitalized.

Individual logins for sales / credit teams

Separate login access will be given to all the stakeholders at the lender be it sales, credit, verification teams etc

Upsell other loans including Top-up loans

Leverage your dealer / channel partner network to sell other loan products including top-up loans to the dealer clients from a single app.