Loan Entity flow

For any user, loan flow will look like the diagram below
  • First platform will create a loan application using Loan Application APIs
  • Using the Proprietary Stilt Risk model (or your risk model) loan applications either will be approved or it will be rejected
  • Once the application is approved it goes into Loan offer status, where we show all the loan related information like Loan Amount, Loan APR, Loan Interest, Repayments, and most importantly Promissory note
  • Once the user accepts the loan offer, the loan will become active and Stilt will disburse money in the designated account
  • After disbursement of the loan, Stilt takes care of accrual, statement generations, and applying payments towards the loan

Loan application