What a lock-in period means for you
Most lenders do not allow a loan to be closed or moved for a set number of months after disbursal. When that lock-in ends, the customer can move to a lender with a lower rate. For a DSA, that is a ready-made lead from a customer who already trusts you.
How the Lock-in Opportunity Radar works
- When a loan is marked disbursed, it enters the radar with the right lock-in period for that lender.
- The radar covers the lock-in terms of 23 lenders.
- When the lock-in ends, the case is flagged as a balance transfer or top-up opportunity.
- You can message the customer on WhatsApp in one tap with an offer.
Part of the same pipeline
Lock-in watch is the sixth stage of the pipeline, after disbursal. Nothing is exported to a spreadsheet and nothing depends on someone remembering a date.
Questions
What is a loan lock-in period?
It is the number of months after disbursal during which a lender does not allow the loan to be closed or transferred. It differs by lender.
How does Tracking Radar find balance transfer leads?
Disbursed loans are tracked against each lender’s lock-in period. When it ends, the loan is flagged as a balance transfer or top-up opportunity.
Can I contact the customer from the alert?
Yes. You can send a WhatsApp message to the customer in one tap.