Method and System for Automated Loan Negotiation

Abstract: a system for automated loan negotiation is provided. the system identifies that initial values of loan parameters such as an amount, tenure, an interest rate, and processing fee of a loan that are presented to a borrower of the loan are one of selected to be negotiated and ignored. thus, the system iteratively determines modified values of the loan parameters based on at least one of a borrower profile of the borrower, various historical borrower profiles, desired values of loan parameters of the borrower, and various regulations set by a lending entity associated with the system. the modified values of the loan parameters are iteratively determined for a predetermined number of times or until the borrower accepts the modified values of the loan parameters. as a result, automated loan negotiation is implemented by the system.

Inventor(s): Harshvardhan LUNIA, Nitin SHIRALKAR, Dhanesh PADMANABHAN, Sudhanshu PRASAD, Aditya Kumar PAL

CPC Classification: G06Q40/03 (Credit; Loans; Processing thereof)

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