CONSUMER LENDING AUTOMATION DONE RIGHT
Automate over 90% of all consumer financing processes with TurnKey Consumer. Your own intelligent, AI-powered, end-to-end consumer lending platform.
Book an intro callCONSUMER LENDING SOFTWARE THAT LETS YOU OFFER ANY TYPE OF CONSUMER CREDIT INSTANTLY
Personal loans
Intelligent automation for all parts of the personal loans’ lifecycle, no matter the credit product settings or credit scoring logic.
Embedded finance
Provide flexible finance options on any kind of product or service at the point of sale.
Non-profit credit
Extend fair and transparent finance with minimal overhead and risk while cutting operational costs.
Micro/payday loans
Approve more high-quality loans instantly and use proprietary AI to tap into the vast new borrower groups without taking on undue risk.
Peer to peer lending
Connect borrowers with investors and automate every step of your peer-to-peer lending process.
Credit cards and overdraft
Quickly roll out new credit card offerings for new borrower groups. Reduced costs and risk gives you better loan terms and lasting borrower relationships.
Leasing
Close more high-quality leasing applications fully digitally without taking on undue credit risk.
Medical credit
TurnKey Lender helps patients and clients get the care they need with flexible financing options that work best for them.
NEED A SOLUTION FOR YOUR SPECIFIC BUSINESS MODEL?
Allow patients to get the care they need with in-house financing
TurnKey Lender offers a comprehensive medical lending solution that includes a fully automated loan origination platform, a robust credit decisioning engine, and a suite of reporting and analytics tools. This solution helps lenders improve their efficiency, reduce risk, and increase profitability.
Any kind of BNPL process automated on your terms
TurnKey Pay Later is a flexible and convenient infrastructure business can use to allow any kind of consumer to finance their purchases at the point of sale. The solution automates every step of the process and will accommodate any kind of repayment options, including fixed-term loans, installment plans, and revolving lines of credit.
Offer flexible car financing options without the middleman
TurnKey Lender’s auto financing solution provides lenders with a complete end-to-end solution for originating and servicing auto loans. The solution includes a robust credit decisioning engine, a fully automated loan origination and management platform, and a suite of reporting and analytics tools. This solution helps auto dealers and auto lenders improve their bottom line, reduce credit risk, and reach more buyers.
Analyze collateral assets on the fly and offer secured finance on autopilot
TurnKey Lender’s secured loans solution provides lenders with a flexible and convenient way to offer secured loans to their customers. The solution readily handles a variety of collateral options, including real estate, vehicles, and personal property. This solution helps lenders reach a wider audience and grow their business.
Offer any kind of small personal credit products on complete
Reduce credit risk and reach wider audiences with an AI-driven payday lending automation by TurnKey Lender. It automate 90%+ of your payday lending operation cutting human error and operational costs. The solution offers a variety of repayment options, including fixed-term loans and installment plans.
Offer better leasing terms than any of the competitors
Use TurnKey Lender’s leasing solution to extend flexible, transparent and affordable leases in a wide range of industries. The solution includes a proprietary credit decisioning engine for instant approvals, fully automated loan origination and collections, and a suite of reporting and analytics tools.
Automate all parts of the peer-to-peer lending process
Turnkey Lender’s P2P lending solution automates the entire lending process, from borrower and investor scoring to payments management and communications. This allows lenders to reach a wider audience and grow their business by increasing the efficiency and profitability of their P2P lending operations.
Extend affordable home improvement loans automatically
Extend home improvement loans in-house or as a specialty lender and help homeowners finance their passion projects. The solution lets you provide borrowers with competitive interest rates and flexible repayment terms. It completely automates every major part of the lending process, not taking up too much of your resources.
AUTOMATED AND INTUITIVE CONSUMER LENDING SOLUTION AS YOUR COMPETITIVE EDGE
All you need to launch and grow a lending business
Every lender’s goal is to grow their loan portfolio with minimal risk and overhead while cutting costs. This is our specialty. Creditors in 58 countries service over 50 million borrowers with TurnKey Lender platform. All the necessary features, integrations, workflows, credit products, scoring approaches, innovation and best practices are pre-configured in the platform to provide you with the most efficient and flexible digital lending process on the market – by a long shot.
Offer any kind of consumer credit, instantly
We worked out all the complexities to make lending simple for you. The top 7 most time-consuming digital lending tasks are 90-100% automated. Award-winning credit scoring AI helps you make instant and reliable loan decisions on autopilot. At every step, the lender gets unmatched configuration freedom. Credit products builder lets you roll out new offers in a matter of minutes. Pre-configured products include personal and payday loans, non-profit credit, peer-to-peer lending, embedded lending, leasing, telecom finance, etc.
Convert more borrowers and outperform competitors
Credit consumer behavior changes and the competition for borrowers keeps increasing. TurnKey Lender lets you reach new borrower groups, offer them better terms, serve them from more intuitive interfaces, and maintain a better long-term relationship with them. Your one-stop consumer lending platform powered by AI gets the digital lending job done, no matter how trivial or complex the task.
Educational Resources
White paper: All you need to know to become a consumer lender – the ultimate 2024 guide
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Part I: How to automate 90%+ of an existing or new consumer lending process
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Part II: 6 biggest consumer lending automation mistakes and how to fix them
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LENDERS CAN’T SAY NO TO HAPPY BORROWERS AND STAFF
THE DIGITAL LENDING PROCESS YOUR BORROWER WANTS
- Borrower applies online quickly and easily
- After auto-processing, the borrower signs the loan agreement
- Funds are disbursed
- Payments are automatically charged until repayment
- Borrower continues working with you in their personal portal
STAFF FOCUS ON THE BORROWER, NOT THE BUSY WORK
- Loan terms are calculated based on borrower’s data
- Loan application is approved automatically or by your staff
- Automatic loan servicing and payments can be easily managed manually too
- Automated borrower communication is fully configurable
- In-depth reporting provides real-time insight into business performance
CONSUMER LENDING AUTOMATION PRAISED BY THE INDUSTRY
TurnKey Lender was selected as top software choices for SME lenders based on banking capabilities typically required for SMEs and ease-of- use.
Gartner featured TurnKey Lender in a recent report researching automation use cases aimed at modernizing loan origination and improving lending processes.
The Everest Group announced that the TurnKey Lender Loan Origination Software (LOS) leads the market in terms of market vision and capability. According to the study, Turnkey outperforms competing products in terms of ability to deliver complex loan origination…
According to a performance test by Hewlett Packard, TurnKey Lender is a flexible configuration choice on a highly scalable and reliable infrastructure.
Competing in one of the most challenging categories, TurnKey Lender has been selected as the winner of the New Product Innovation Award.
MEET THE CONSUMER LENDING MANAGEMENT SOFTWARE TRUSTED BY BUSINESSES AROUND THE WORLD
FAQs
Q:
What type of consumer credit does TurnKey Consumer let me offer?
A:
TurnKey Lender’s consumer lending software lets you offer any type of consumer credit instantly. Our pre-configured products include:
- Personal loans
- Micro/payday loans
- Non-profit credit
- Peer-to-peer lending
- Embedded lending
- Leasing
- Telecom finance
- Credit cards and overdraft
- Medical credit
Q:
Why is it important to automate consumer lending processes?
A:
Consumer finance is undergoing the biggest transformation since the introduction of the credit card into the masses. Massive and rigid traditional players are losing because they fail to appeal to their core audiences in the digital reality. They aren’t agile enough to provide the credit product borrower needs at exactly the time they need it on favorable terms and accessible within minutes. This presents an opportunity for tech savvy and agile lenders and a deadly risk for those who fail to become native digital lenders. On top of keeping borrowers happy, automating your consumer lending processes with TurnKey Consumer reduces helps save hours of time and effort while making more accurate lending decisions and reducing credit risk.
Q:
Why should I choose TurnKey Consumer over another consumer lending platform?
A:
There are a variety of factors which make TurnKey Consumer the most cost-effective, efficient and intelligent consumer lending platform on the market:
- Configurability: Other solutions offer significantly less configuration freedom than us and aren’t capable of meaningfully automating lending to the extent TurnKey Lender does within one intuitive platform.
- Flexibility: We don’t limit business owners where competitors do. We allow them flexibility (e.g. number of back-office users, number of credit products and granular settings, white labeling, etc).
- Transparent pricing: You are charged fairly and transparently unlike with competitors where you are bombarded by hidden fees, addons and upsells. TurnKey Lender subscription licensing fees are based on the loan portfolio performance of our customers. This approach replaced charging clients per purchase of the software package. In this model, client’s success means better profit and farther reach for TurnKey Lender.
- Integrations: We also offer a meaningful API for integrating with the front-end of your business, as well as any data and service providers. This allows TurnKey Lender to be a powerful infrastructure that you build all your lending business upon.
- Speed: TurnKey Lender’s platform offers drastically faster time-to-market than competition thanks to the flexibility of the proprietary solution and the team’s unmatched lending and technical expertise. Not to mention, pre-configured integrations which take other providers weeks if not months to configure (e.g. payment provider, credit bureau, SMS, email, etc).
- Access to reliable data: We can assist you in getting access to credit bureau data (if our Partner department makes it possible, we’ll run a campaign with some partner credit bureau.
- Intelligence: We provide unmatched credit decisioning accuracy and the lender controls all the credit scoring criteria and decision rules.
- A reputation for excellence: TurnKey Lender is an established digital lending automation space leader. We have an excellent and extensive track record in 50+ countries where our platform has proven to be the best-in-class when it comes to automating all elements of the lending process. TurnKey Lender has dedicated processes for SMBs and enterprise-level clients which ensures everyone gets the speed and configuration options they need.
Q:
What results can I expect with TurnKey Consumer lending software?
A:
Lenders using TurnKey Consumer have benefitted from:
- 90-100% automation of 7 most time-consuming credit tasks
- 1 second (or faster) loan auto-processing
- 67%+ borrower lifetime value increase
- 25%+ decision accuracy improvement
- +40% average lending program’s profits increase
- 44%+ sales conversion growth
- 280%+ operational efficiency boost
- 35%+ bad debt rate decrease
- 50%+ decrease in loan management time
- 50%+ in the volume of repaid loans
Q:
How quickly can I react to market changes with TurnKey Consumer?
A:
TurnKey Lender’s granular settings allow creditors to be dynamic in reacting to market changes or opportunities. It takes minutes to create and launch a new, fully automated credit product which meets your exact requirements in terms of fees, schedule, terms, regions, and other criteria.