For many years in the past, the process of accessing loans from the financial lenders and the creditors have been a nightmare to many individuals. This has been caused by the bureaucracy that has been in with the operators of these financial institutions who never cared about the customers. All that they cared about was getting their profits as high as possible, by extorting their customers. However, since the establishment of GreenSky Credit, the situation in the industry has tremendously changed. The processes involved before the customers access the credit have been reduced into a simple process of picking a gadget and pressing the button to receive the bank accounts.
GreenSky Credit, with the leadership of its CEO, Zalik David, has brought a new revolution to the lending industry. With the introduction of their online platform for the communication between the lenders and the borrowers, the loan application process is never the same again; it’s cheaper and simpler. The beauty of this platform is that it’s not managed by the individual lenders, GreenSky Credit does the management through its well-trained staff who understands the needs and challenges of the customers. What transpires in the process of loan application using the electronic platform is that the customer logs into the platform. They then initiate the process by filling in their basic details that are relevant to the identification and verification of their identity. Then they transmit the details to the GreenSky Credit admins.
The new process:
After the reception by the GreenSky admins, the details are transmitted to the primary lenders who are in contract with GreenSky for the funding purposes. They scrutinize the information and then decide on the amount of loan that the applicants should access. Then the verdict is sent back to GreenSky Credit who then disburse the illustrated funds to the borrowers’ accounts. This process, unlike the traditional process, takes less than 48 hours for the borrowers to receive their funding. As a result of this online platform by GreenSky, the customers have now been relieved the pain of making endless queues at the financial institutions waiting for their loan approvals. They can now initiate and finish the process while still in their homes.