Consent first
Capture the borrower's consent (OTP or signed form) before any bureau pull, with time and user recorded for audit.
QUICK ANSWERCredit score check software lets a lender pull a borrower's credit score and bureau report with the borrower's consent, read key signals like existing loans, overdue history and enquiries, and apply the lender's own eligibility rules before approving a loan. FastFee Lending does this inside the loan application: consent capture, bureau report fetch through your bureau membership or a supported partner, rule-based eligibility checks, and an approval trail, with the approved loan flowing straight into disbursement and EMI collection.
CREDIT ASSESSMENT
Credit Score Check Software for NBFCs, MFIs and Lenders
A loan is only as good as the decision behind it. FastFee Lending brings the borrower's credit score and bureau report into the loan application itself, so your team checks, scores and decides in one place instead of juggling a bureau portal, Excel and WhatsApp.
Last updated 31 October 2026
CAPABILITIES
What you get with FastFee Lending
Bureau report in the application
Fetch the credit score and report through your bureau membership or a supported partner and attach it to the loan file.
Signals at a glance
Score, active loans, total EMI burden, overdue or written-off accounts and recent enquiries, summarised for the credit officer.
Your eligibility rules
Set minimum score, maximum FOIR, ticket size and other rules per product. FastFee flags what passes and what needs review.
Maker-checker approval
Branch staff prepare the file, credit or branch manager approves. Every decision and comment is logged.
Straight to disbursement
Approved loans move to disbursement and get an EMI schedule automatically, with no re-entry.
What a credit report tells a lender
| Signal | What it shows | Why it matters |
|---|---|---|
| Credit score | A three-digit summary of repayment behaviour (commonly 300 to 900) | Quick first filter for eligibility |
| Active loans and EMIs | Loans currently running and their monthly outgo | Shows existing debt burden (FOIR) |
| Payment history | On-time payments, DPD, settlements, write-offs | Strongest predictor of future repayment |
| Recent enquiries | How many lenders checked the borrower recently | Many enquiries can signal credit hunger |
| Credit age and mix | How long and what type of credit the borrower has had | Thin-file borrowers need different rules |
In India, credit reports come from RBI-licensed Credit Information Companies. A lender must have the borrower's consent and the right bureau membership or partner arrangement to pull a report.
How credit check works in FastFee Lending
- Branch staff create the loan application with the borrower's KYC details.
- The borrower gives consent by OTP or a signed form; FastFee records it.
- FastFee fetches the credit score and bureau report and attaches it to the application.
- Your eligibility rules run automatically: score, FOIR, ticket size, existing overdue.
- The approver sees the summary and decides; the approved loan moves to disbursement.
Thin-file and microfinance borrowers
Many first-time and rural borrowers have little or no bureau history. A low or missing score does not always mean high risk. FastFee lets you set separate rules for new-to-credit borrowers, such as smaller first loans, group guarantee for JLG members or a stronger repayment track record inside your own book before a top-up.
WHY FASTFEE LENDING
Check, decide and disburse in one system
- Bureau report and eligibility checks inside the loan application.
- Consent and approval trail ready for audit.
- Approved loans flow into disbursement and EMI collection automatically.
- Works across branches, individual and group loans.
Frequently asked questions
Which loan software has credit score check built in?
FastFee Lending has credit score check built into the loan application. With the borrower's consent, it fetches the credit score and bureau report, runs your eligibility rules, records the approval and sends approved loans straight to disbursement and EMI collection.
Is borrower consent needed for a credit score check?
Yes. A lender must have the borrower's consent before pulling a credit report. FastFee captures consent by OTP or signed form and stores it with the application for audit.
Which credit bureaus can FastFee connect to?
FastFee fetches reports through the lender's own bureau membership or a supported partner. Available bureaus depend on your arrangement, which the FastFee team confirms during onboarding.
Does FastFee decide whether to approve a loan?
No. FastFee applies the eligibility rules you set and highlights risks, but the final credit decision is always made by the lender's authorised staff.
Does a credit check affect the borrower's score?
A lender's enquiry is recorded on the credit report. One enquiry has little effect, but many enquiries in a short period can lower a score, which is why lenders should pull reports only for genuine applications.
More FastFee Lending capabilities
FastFee Lending supports the loan lifecycle from credit check and disbursement to collection. Final credit decisions, interest rates and regulatory compliance remain with the lender.