Step 8 - Signature
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This step enables your client to electronically sign the loan agreement, ensuring a secure and efficient approval process. Once the agreement is signed, Mobiloan automatically generates the following:
Loan Contract – A legally binding document that outlines the complete terms and conditions of the loan, including repayment schedules, interest rates, and any applicable fees.
Unique Client Number – A system-generated identification number assigned to the client for easy tracking, reference, and future transactions within Mobiloan.
Electronic signatures in the context of Mobiloan include voice signatures, on-screen signatures, debit-sign signatures, and SMS signatures.
Because electronic signatures can be copied and reused, it is important to get your client's consent before using them.
When signing on Mobiloan, the client agrees that their electronic signature will be used on all documents related to the loan agreement, including the debit order mandates.
Screen sign
This is the most used method and requires the client to be physically present.
This also requires the user to have their application enrolled on a "Touchscreen" device.
Voice Sign
A voice call is initiated and recorded between the user and the client during which the terms of the loan can be agreed to and confirmed
Debi Check
The confirmation of the Debi-check is considered proof that the client has agreed to and confirms the terms of the loan.
SMS sign
An SMS is sent to the clients phone and used for purposes of confirming the loan.
Allps Terminal Sign
This refers to signing on the USB/ Mobile terminal screen using the inbuilt.
If the current user has the Role Right to APPROVE & PAYOUT LOANS, the loan will be automatically set to "Approved" upon signing. Thereafter, you will begin the Payout Process
In other case, the loan will be submitted for evaluation and await approval before moving forward. This will require an authorized user to begin the Evaluation Process.
