I.finance Partner

NIC Mauritius Banking Agent App is designed for authorized NIC field agents and partners to onboard customers and submit loan applications on their behalf.

This application does not directly provide loans to users. It acts as a secure digital platform that enables licensed agents to register customers, collect required information, upload documents, and submit loan applications to licensed and regulated financial institutions in Mauritius.

The minimum loan repayment period offered through regulated financial institutions is 90 days. No loans requiring repayment within 60 days or less are facilitated through this application.

Key Features

1. Secure agent login with role-based access
2. Customer onboarding and registration in the field
3. Digital document upload and KYC management
4. Loan application submission on behalf of customers to partner institutions
5. Real-time application tracking and status updates
6. Agent dashboard with performance insights and team overview
7. Customer list management and application history
8. Simple and user-friendly interface for field operations

Data Collection & Usage

The application collects customer information such as name, mobile number, identification details, and photographs strictly for identity verification, onboarding, and loan application processing purposes only.

1. Data is encrypted during transmission
2. Data is shared only with authorized and licensed financial institutions in Mauritius
3. The app accesses camera and user-selected files only when required for customer onboarding, KYC, and document submission

Loan Information

1. Minimum Loan Amount: MUR 3,000
2. Maximum Loan Amount: MUR 300,000
3. Repayment Period:
a. Minimum: 90 days
b. Maximum: 36 months
4. Maximum APR: Up to 24% per annum (may vary depending on the partner institution and customer profile)
5. Representative Example:
If a customer takes a loan of MUR 100,000 for a period of 12 months at an APR of 24%:
- Monthly installment: approximately MUR 9,457
- Total repayment amount: approximately MUR 113,484
- Total cost of the loan: MUR 13,484 (including interest and applicable fees)

Note: Actual loan terms, interest rates, repayment periods, and repayment amounts may vary depending on the partner institution and customer profile.

Disclaimer

All loans are provided and processed by licensed banks and financial institutions in Mauritius.
This application only facilitates customer onboarding and loan application submission by authorized agents and does not directly lend money or make credit decisions.

Privacy & Security

User data is handled securely and processed in compliance with applicable data protection regulations.
The application ensures the confidentiality, integrity, and secure transmission of all customer information.