# Platform Features

The **Nano Lending—Interswitch & LightWay Finance** platform is designed with robust, modular capabilities to ensure secure, efficient, and user-friendly loan platform. Below are the core features and functionalities:

### 1. User Management & Onboarding

* Customer registration and profile management
* Identity verification (via BVN, NIN, or KYC providers)
* Account linking with existing bank or wallet accounts
* Multi-factor authentication (MFA) for secure access



### 2. Loan Eligibility & Offer Engine

* Eligibility check through Interswitch Lending Service (ILS) APIs
* Dynamic loan offer generation based on scoring models
* Display of loan amount, tenor, repayment schedule, and interest rate
* Multiple loan options for users to choose from



### 3. Loan Application & Acceptance

* User-friendly flow to review and accept loan terms
* Digital consent capture (PIN, OTP, or biometric authentication)
* Real-time loan request submission to Interswitch APIs
* Automatic loan disbursement to user’s linked account upon approval



### 4. Repayment Management

* Flexible repayment options (auto-debit, bank transfer, wallet repayment)
* Real-time repayment notification and reconciliation with Interswitch
* Early repayment option with recalculated interest (if applicable)
* Handling of failed or partial payments with retry logic



### 5. Notifications & Communication&#x20;

* Instant loan status updates (application, approval, disbursement, repayment reminders)
* Multi-channel notifications via SMS, email, and push messages
* Alerts for missed payments, penalties, or fraud detection



### 6. Admin & Operations Dashboard

* Loan lifecycle monitoring (applications, disbursements, repayments)
* KYC review and customer account management
* Fraud monitoring and alert handling
* Manual overrides for exceptions (repayment corrections, dispute resolution)
* Access-controlled roles for staff (admin, finance, support, compliance)



### 7. Security & Auditing Framework

* Full audit trail of loan requests, approvals, and repayments
* Data encryption in transit and at rest
* Strict role-based access control (RBAC)
* Compliance with CBN lending regulations, AML, and KYC policies



### 8. Reporting & Analytics Module

* Loan performance dashboards (approval rates, repayment rates, NPL ratios)
* Customer behavior analytics (borrowing trends, repeat loans, default risks)
* Regulatory reporting for compliance
* Business intelligence to support product optimization





