This API analyzes a borrower's bank and mobile money transaction data to provide valuable insights into a client's:
- Income Stability: Understands the consistency and predictability of the borrower's income stream.
- Essential Expenses: Identifies recurring expenditures for rent, utilities, groceries, etc.
- Debt Obligations: Analyzes existing loan payments to assess overall debt burden.
- Discretionary Spending: Calculates the remaining income after essential expenses and debt obligations, indicating how much a borrower can potentially allocate towards loan repayments.
API Functionality:
- Automated Analysis: The API utilizes sophisticated algorithms to categorize transactions and calculate key financial metrics.
- Affordability Estimation: Based on income, expenses, and existing debt, the API estimates the maximum loan amount a borrower can potentially afford to repay comfortably.
- Loan Ability Score: The API generates a score indicating the borrower's loan eligibility based on their cash flow analysis.