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Important Terminologies
In creating the automated decisioning on your profile, here are a few terminologies to take note of:
Terminology | Description |
|---|---|
Scorecard | Allows the merchant to select variables of interest and create a set of rules to assess the customer's eligibility to take a loan. |
Affordability Logic | Based on the data provided in the bank statement, the affordability determines the optimal loan amount that the merchant can afford and the monthly based on the projected loan duration and the interest rate on the loan. The integration of affordability assessments enhances the effectiveness of the Scorecard feature, ensuring that loan recommendations are tailored to the merchant's financial situation and contribute to a more informed decision-making process. |
How To Use The Scorecard:
To take full advantage of the scorecard, merchants would be required to perform the following actions: