Disclosures

The Disclosures step asks you several questions regarding eligibility and scoring purposes. The answers are essential to the bank for the loan application. Depending on national regulations, banks may have various questions placed here.

NOTE  
These questions are configured in the Banking Product Questions List in Fintech OS Studio. To add more or modify them, access Product Factory > Banking Product Dimensions > Questions. For details on the configurations done, see Questions. In addition, banks can modify the logic for the calculation of the answers as they are used in the underwriting process of approving a loan. For details, see Knockout_CML.

Answer the following questions:

Field Mandatory  
How many signatures are or will be associated with the business? Yes

Select between Just me/ 2/ 3+.

NOTE  
The number selected here does not influence the number of signatures at the end of the flow.
Have you or your business partners had any County Court JudgementsClosed You may get a county court judgment ( CCJ ) or high court judgment if someone takes court action against you (saying you owe them money). registered against you in the past 3 years? Yes

Select between Yes/ No.

NOTE  
If you select yes, the application is rejected.
Have you, your business or your partners been declared bankruptcy in the past 6 years? Yes

Select between Yes/ No.

NOTE  
If you select yes, the application is rejected. If the connector returns that the company is bankrupt, then the application fails regardless of what you insert here.

After all the questions have been answered, click the Continue button. This button sends the application to the bank for analysis to return an answer to the request made by you, the borrower.