Bank and Auto Loans Applications in just 10 Minutes

October 16, 2020

FinFirst, the secure digital financial services marketplace app, has revealed a host of features that allow users to search for auto loans from anywhere, anytime, and directly communicate with the best financial institutions to submit loan applications.

The auto loans application feature is one of the many features and services offered by the FinFirst integrated financial app. The application, which is currently available on the Google Play Store, is making a fundamental change in the sector by cutting out physical paperwork and red tape.

On this occasion, Afrah Al Hubail, Chief Operating Officer at Capital FinFirst in Kuwait, said: “The FinFirst app helps speed up various traditional application processes. Users can compare the best loan offers offered by different banks through the online search and match feature, and apply for a loan in less than 10 minutes for most transactions. The application also allows the completion of the application processes, conformity, acceptance and approval of documents with approximately 20 clicks.

FinFirst’s free digital features offer exceptional benefits to those seeking business, personal, real estate and travel insurance, in an incredibly simple and fast process. Capital FinFirst expects a sharp rise in demand for digital financial services, in parallel with the increasing number of digital solutions users during the lockdown period resulting from the Covid-19 pandemic.

“The majority of searches for financial services and other products are done digitally today, as customers are moving towards more comfortable shopping experiences,” Al-Hobeil added. And customers in all age groups prefer to use digital technology, especially during the closure period, because it provides easier and faster operations that can be completed from anywhere and at any time. Research also shows that the digital services sector performs better than its non-digital counterpart.”

“FinFirst also plays a pivotal role in financing small and medium-sized companies, by enabling them to access and compare the offers of different financing institutions, in addition to reducing the time required to complete these tasks in traditional ways,” she said.

FinFirst is working to revolutionize the financial services sector by providing transparent services through its application in the areas of corporate banking, retail banking, auto finance and insurance.
The app provides partners with instant growth potential by matching their standards and requirements with clients’ accounts.

“Our partner services providers, by providing them with data analytics, can gain access to in-depth information that enables them to make their decisions about how to improve their products to boost business growth,” Al-Hubail added. Our method of paying by lending will give them higher rates of communication with customers, as well as reduce the cost of customer acquisition.”

The app has succeeded in achieving 100 percent growth in the number of transactions on a monthly basis, and now provides services to more than 4,000 customers, most of whom are Kuwaitis working in managerial positions. It also processed 85 applications for loans amounting to about 10 million dinars (32.5 million dollars).

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