This synchronous API extract in real-time relevant information from Loan Agreement document such as borrower's Name, Loan Amount, Loan Duration, Interest Rate, Loan Type, Loan Start Date, Loan End Date, Repayment Conditions, Associated Fees, Required Guarantees, Loan Purpose and Non-Payment Conditions.
Verifying Loan Agreement documents is important for several reasons. Firstly, it ensures the authenticity and validity of the document, preventing any fraudulent activities. Secondly, it allows financial institutions to assess the borrower's creditworthiness and determine the terms and conditions of the loan. Lastly, it helps in maintaining accurate records and compliance with regulatory requirements.
Maximum file size: 5 MB. Maximum number of calls per minute: 10 calls.
For better results, it is highly recommended to provide documents under these properties :
- The image resolution should be greater than 200 DPI
- The document must not be blurred or rotated
- In case of a photo document, make sure that the text area does not contain any highlights or shadows
- The entire document must be in the frame
