Dynamic Loan Catalogue Management
Keep credit products updated and visible for maximum borrower engagement.
Bring your business online with ONDC
List your loan products on the Seller Application and expand your digital lending reach!
A Future-Ready Lending Solution for Banks & NBFCs
What is Digital Lending through ONDC?
The Open Network for Digital Commerce (ONDC) is a Government of India initiative that enables seamless digital commerce across industries, including financial services.
By integrating digital lending with ONDC, Banks, NBFCs, and Financial Institutions can offer instant, hassle-free credit solutions to businesses and individuals within the network.
In today’s fast-evolving digital economy, providing efficient and accessible credit is key to staying competitive. The ONDC revolution is transforming digital commerce and financial services. Banks & NBFCs can now leverage this open ecosystem to offer seamless, data-driven lending solutions, reaching a wider customer base effortlessly.
Trust Fintech Limited – An Authorized TSP on ONDC
Trust Fintech Limited is a certified Technical Service Provider (TSP) on ONDC, offering an advanced Seller App that enables seamless credit management, onboarding, and disbursement.
As a Technical Service Provider (TSP) on the ONDC platform, Trust Fintech Limited has successfully developed and tested the Seller App, designed to empower Banks, NBFCs, and credit institutions by:
- Streamlining digital lending operations.
- Enhancing risk assessment with AI-driven insights.
- Ensuring a frictionless borrower experience.
With our cutting-edge back-end solution, financial institutions can seamlessly integrate digital lending into the ONDC network and there Core Banking System (CBS), reducing costs, improving efficiency, and expanding their customer reach.
Key Features of a Seller Application on ONDC
AI-Driven Credit Decisioning
Evaluate borrower eligibility with precision for personalized, risk-optimized loan options.
Real-Time Financial Data Access (Finvu Integration)
Access secure, real-time, verified customer financial data via Account Aggregators to make data-backed lending decisions quickly.
Automated Loan Processing
Minimize manual intervention with secure CBS integration for instant loan disbursements.
E-KYC DigiLocker Verification
Authenticate borrowers instantly using Aadhaar & PAN verification for a seamless onboarding process.
E-Mandate (E-NACH) – Automated Payments
Enable automated, hassle-free recurring payments to reduce the risk of missed EMIs.
E-Signature API (Pending Validation)
Ensure a fully digital, paperless lending process with secure electronic signatures.
Why Should Banks & NBFCs Join the ONDC Network?
Expand Your Market Reach
List your loan products online, making them accessible 24/7 across multiple platforms.
Seamless Customer Access
Enable borrowers to apply for loans directly via ONDC-compatible digital platforms.
Leverage Open Finance Innovation
Utilize real-time financial data to offer instant, personalized loan solutions.
Integrated Financial Data Access
Secure API integration with Loan Aggregators for precise borrower profiling.
Advanced Functionalities – Feature-Rich Lending Ecosystem
Account Information for Loan Disbursement
Automated fund transfers
Buyer Finder Fees & RSF2.0 Configuration
Automated commission and settlement
Loan Agreement & Approval Workflow
Digitized loan approvals
Final Consent & Loan Disbursement
Fast-track funding disbursement
Multiple Loan Offer
Generation
Tailored lending based on borrower profiles
Generate KFS (Key Fact Sheet) for Buyer
Transparent loan disclosures
Pre-Payment & Foreclosure Management
Flexible loan closure options
Missed EMI
Handling
Automated reminders and recovery mechanisms
Advantages of the ONDC Seller Application for Banks & NBFCs
Democratize Lending
Offer tailored loans through a wider digital network without operational complexity.
Lower Customer Acquisition Cost (CAC)
ONDC provides a ready-to-lend customer base, reducing marketing expenses.
Scalability & Automation
AI-driven credit underwriting and digital loan processing enable high-volume lending.
Regulatory Compliance
ONDC’s open architecture enables secure and compliant lending in alignment with RBI guidelines.