EFL Clik – A Seamless Loan Solution Developed for Electronica Finance Limited

Navigating Success By Empowering Fintech Solutions

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About this project

Electronica Finance Limited (EFL) understands the challenges every typical SME usually faces, especially financially. That’s why they wanted to build a convenient platform where such businesses could easily apply for various kinds of SME loans. The client collaborated with Appventurez to create a seamless web and app portal, “EFL Clik”, facilitating convenient loan opportunities for the end users.

The Core Concept Behind EFL Clik – A Perfect Financial Companion

The primary objective of Electronica Finance Limited was clear — to build a seamless and quick credit loan app that helps SMEs and MSMEs get an easy collateral free business loan.

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Innovation at the Center

The culture of innovation practiced at EFL finance company enables it to adapt swiftly to transforming financial landscapes. This, in turn, helped the organization offer the best, personalized solutions in the form of quick SME loans to the consumers.

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Client-Centric Approach

Electronica Finance Ltd places clients at the core of its operations, customizing their SME financing and other monetary solutions. From financial assistance for SME projects to loan for machinery, EFL ensures to cover it all.

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Extensive Reach

EFL’s reach extends far and wide, serving clients not just in their home market but across the globe, making it truly a prominent player in the realm of fintech solutions.

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Prominent Challenges Faced by the Client

EFL is already renowned as one of the top-notch financial solutions companies, and all they wanted was EFL Clik, a dynamic collateral free loan disbursement portal. However, in order to get that, the client had to overcome a plethora of challenges.

Document Verification and Data Security

Loan processing is a complex operation that requires KYC identification, financial analysis, document verification, etc. Moreover, managing and protecting sensitive financial information is always a top priority for any electronic finance company.

Scalability and Business Expansion

Electronica Finance Limited is continually expanding its operations, due to which, ensuring scalability and maintaining a seamless user experience for the users remained a constant challenge.

Technology Integration and Maintenance

The client wanted an interactive and easily accessible portal. For that, it was crucial to incorporate the platform with hi-tech banking systems, fintech-related APIs, and extensive data sources, which was both complex and time-consuming.

Key Highlights of EFL Clik

Take a glimpse at the remarkable characteristics of the EFL’s digital loan management portal

Key Highlights of EFL
  • Seamless User Registration and Onboarding
  • Extensive Loan Product Selection
  • Credit Assessment and Eligibility Check
  • Loan Application Status Tracking
  • Comprehensive Dashboard with In-built Analytics
  • Easy Funding and Loan Disbursements
  • Reminders for Upcoming Payments
  • Interest Rate Calculators

Solutions Provided by Appventurez

Appventurez stepped in as EFL’s strategic partner to address the challenges faced by the client with its robust finance app development services and multifaceted approach.

Solutions Provided by Appventurez

Constructed a Tailored Fintech Platform

We developed a custom-made fintech platform for Electronica Finance Limited specifically designed to streamline the complete loan processing mechanism. Our team ensures the user interface provides a seamless and efficient experience to both EFL’s admin team and its clients.

Streamlined Application Processing

Advanced automation tools are integrated into the platform to expedite loan approvals, making application processing quick and accurate, reducing human intervention, and accelerating loan disbursements, reducing human intervention, and accelerating loan disbursements.

Streamlined Application Processing
                   Facilitated Secured Record Management

Facilitated Secured Record Management

By integrating a secure document management system into the web and app portal, we helped EFL facilitate the submission and verification of their client’s financial documents. Besides, we used several APIs to strengthen data security and compliance with regulatory guidelines.

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The Impeccable Features of EFL Clik That Make It A Unique Fintech Solution

Electronica Finance Limited, with EFL Clik, solves the most prominent query of loan seekers — ‘How to apply SME loans’, providing the features that make the loan application process highly seamless.

Loan Product Selection

Loan Product Selection

The app offers various loan products, including property loans, personal loans, SME business loans, machine loans, vehicle loans, and solar loans. The portal also provides information regarding SME loan requirements, interest rates, terms and conditions, etc.

Credit Assessment

Credit Assessment

The users can access the app and run a credit assessment to evaluate their financial status and creditworthiness.

Comprehensive Dashboard

Comprehensive Dashboard

Easily upload the required documents, such as pay stubs, bank statements, tax returns, and identification records.

Eligibility Check

Eligibility Check

Get details regarding SME loan requirements, eligibility criteria, credit score, etc. needed to apply loans.

Real-time Tracking

Real-time Tracking

Users can also look for major SME financing options and track their loan applications in real time.

Tech Stacks

Flutter

Flutter

Dart

Dart

NodeJS

NodeJS

Apache

Apache

AWS Cloud

AWS Cloud

SQL

SQL

Adobe XD

Adobe XD

Figma

Figma

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Client Testimonials

“We are highly impressed by Appventurez for the development of ‘EFL Clik’. Their goal-oriented strategies and outstanding attention to detail, from the beginning of the project to the final launch, were remarkable.”
Srinivas Rapelli

Srinivas Rapelli

Head, IT & Systems

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