LoanCompareSG

LoanCompareSG is a leading online platform that revolutionizes the way borrowers in Singapore compare and select loan options from various lenders. With a user-friendly interface and advanced algorithms, LoanCompareSG simplifies the loan comparison process, ensuring borrowers make informed decisions that align with their financial goals and needs.

Challenge

Before the advent of LoanCompareSG, borrowers in Singapore faced several challenges when it came to accessing loan information and comparing options:
Time-consuming Research: Borrowers had to spend significant time researching loan products and eligibility criteria across different financial institutions.
Lack of Transparency: Many borrowers struggled to understand the terms and conditions of different loan products, leading to confusion and uncertainty.
Complex Loan Calculations: Determining loan amounts and monthly repayments based on eligibility criteria was challenging and time-consuming.

Objective

The objective of this case study is to analyze the impact and functionality of LoanCompareSG, a loan app based in Singapore. This LoanCompareSG case study aimed to address these challenges by providing a user-friendly mobile application for borrowers and an advanced admin portal for efficient loan management. The primary objective was to empower borrowers to make informed decisions by comparing loan options comprehensively while streamlining loan management processes for administrators.

Solution

Loan Status Tracking: Implemented features to track loan statuses, such as Processed, Approved and Rejected, enabling borrowers to monitor the progress of their loan applications.
Loan Eligibility Checker: Input personal and financial details to determine eligibility for various loan products offered in Singapore.
Loan Calculator: Calculates loan amount and monthly repayments based on user's eligibility, offering insights into loan affordability.
Comparative Analysis: Developed tools for comparing multiple loan options from different lenders, including analyzing interest rates, terms, and fees to help borrowers choose the most cost-effective and suitable loan for their needs.
Admin Portal: Developed admin portal to oversee loan rates and customer details, verify and update loan statuses, initiate disbursements, and manage bank rates for all products. It also updates the system with the latest rates and loan limits for efficient management.

Result

Since its launch, LoanCompareSG has had a significant impact on borrowers in Singapore:
Improved Borrower Experience: Borrowers experienced a streamlined loan comparison process, enabling them to make informed decisions based on accurate and up-to-date information.
Enhanced Efficiency: Administrators experienced improved efficiency in managing loan comparison information, resulting in quicker response times and better service delivery.
Time Savings: Borrowers can quickly assess their loan eligibility and calculate loan amounts without the need for extensive research or manual calculations.
Accurate Loan Management: The admin portal facilitated accurate management of loan rates from different banks, ensuring borrowers had access to the most relevant loan comparison information.
Data Security: The implementation of robust security measures protect loan data from unauthorized access, fostering borrower trust.

Distinctive Features

Discover the exceptional features that set apart from the competition, providing unparalleled functionality and value for the users
Loan Comparison
Loan Status Monitor
Schedule Appointment

Technologies

In our journey of crafting impactful solutions, we've harnessed an array of advanced technologies to propel our projects to success. These technologies empower us to meet and exceed our goals while delivering high-quality results to our clients. Here's an insight into the diverse range of tools and platforms we've leveraged

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Having had great experiences working with Manisoft in the past, they were the first and only company we talked to when we had a new mobile & web development project. Our latest project involved creation of a PWA, and we were very pleased to see Manisoft bring the same level of technical design skills and product quality to bear in the web application environment that they had previously demonstrated with iOS and Android development. We continue to enjoy working with Manisoft and anticipate working with them again on future projects.

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Meng Liang Tan
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Director / LoanCompareSG

We had engaged Manisoft since 2016. They demonstrated exceptional skill and creativity in developing our mobile app, delivering a seamless user experience with robust functionality. Their commitment to quality and timely delivery is commendable, making them a reliable choice for future projects.

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John Carolan
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Manisoft does excellent work. This is the 3rd project we've partnered with them for, and each was completed on time with excellent results. I would highly recommend them for any of your mobile and web projects.

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