” Credit analysis is the evaluation of a borrower’s loan application “
A borrower’s loan application is evaluated as part of the credit analysis process to ascertain the entity’s financial stability and ability to produce enough cash flow to pay off the debt. To put it simply, a lender will run a credit analysis on potential borrowers to assess both their creditworthiness and the degree of credit risk involved in granting credit to them.
Credit Assessment can be done through various unstructured financial data
SGSTR Analysis tool captures and analysis the raw data available on the GSTN server and gives you detailed, intuitive insights from a defined period on the various sale & purchase transactions to the lender. This tool not just captures the sales and purchase data of the borrower, but also the defected, returned products, routine transactions, etc. or in general the transaction trends (Business v/s In-house) giving you the complete 360 degree view of the borrower.
So, if you are a private lender, a bank, or any other financial institution, you will have a ready report with actionable insights, saving you time and easing you with your high volume decision-making processes.
Bank Statement Analyzer:
As an individual lender, a bank, NBFC or any other financial institution you analyze the prospective borrower’s bank statements to assess the creditworthiness to decide whether to lend the money or not. Bank statement is one of the most reliable sources that give you the visibility into all the transaction and trends of your prospective borrower over time. During this situation, you face the following challenges:
At ZIRAC, we want to nullify all these everyday challenges you face. Our team of domain experts (finance, banking), software designers, and engineers have designed and developed an innovative, intuitive, AI-driven, automated Bank Statement Analyzer Tool which analyses the bank statements and generates insightful, actionable reports defining the creditworthiness of the prospective buyer automatically, thus saving you time, money, and other resources.
Financial Statement Analysis:
Zirac’s Financial Statement Analysis tool is a useful and innovative tool which provides insights into the company which is due to be on-boarded or appraised for credit, lead sourcing, customer profiling, and vendor relationships.
This tool provides a one-stop, standalone portal where your sourcing team can browse and get details about a company in the form of simple, intuitive, insightful reports. These reports are generated by capturing the company’s data from various authenticated sources.
Data Aggregation tool helps you with online verification of KYC documents of your borrowers; both individual and company as this tool is linked to various public domain sources. So, if you are in MSME industry or a retail division of the Financial Institutions, you can use this tool to streamline your processes.
We cover the following aspects:
Income Tax Return (ITR) Analysis tool gives you the visibility of your borrower’s financial know-how whether it’s an individual’s income or a company’s financial transactions, in real-time.
This tool captures the income tax returns of the borrower based on the login credentials from ITR 1 – 7 with simple, single API integration.
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