product

CreditVision Personal Loan Solutions

Boost profitable growth and minimise risk

The next opportunity

With the predictive power of four scorecards — on the viability of one-month, short-medium - and long-term loans for individual consumers and segmented consumer cohorts — CreditVision® Personal Loan Score Solutions provide:

Leverage the new lending landscape

With the proliferation of digital commerce, consumers expect and select increasingly personalised lending solutions. The upswing in microlending opportunities — coupled with the demand for one-month, short- medium- and long-term loans — has added further complexity to the risk-reward equation.

Our new solution provides broader perspectives that can expand approvals while reducing consumer-related risk according to the loan term.

Increased profitability

In an industry study, CreditVision Personal Loan Score Solutions identified a 13.58% increase in approval rates at an industry bad rate of 7.07% — resulting in over 77,000 new loans per year. The incremental growth of these loan limits was R197 million, reducing bad debt by R13.4 million per year.

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