How much can your customer borrow?
Verify their income and expenses to level up your affordability assessments. Use real-time data directly from the bank.
Top Recuring TransactionsEXPENDITURESINCOMES£3,543.59£3,543.59AccountConsistencyAccountConsistencyRegularityRegularityLongevityLongevitySomewhatconsistentSomewhatconsistentHighlyregularHighlyregular3 months0 breaks3 months0 breaks829087867980Savings & InvestmentsInsuranceNS&I PREMIUM BONDSAXA HEALTH INSURANCE9 Jun 20209 Jun 2020£3,543.59AccountConsistencyRegularityLongevitySomewhatconsistentHighlyregular3 months0 breaks818882Mortgage/RentHAER HOMES RENT9 Jun 2020
HISTORICAL TIME SERIES MONTHLY COMPARISION BALANCE£4,000£2,000£1,000£3,000£5,000- £1,000- £2,0000
AccountConsistencyLongevityRegularity552880£2,000Total income1Number of salariesJan 5th 2020SinceJan 5th 2020Next expected salary£2,000AveragePredicted MonthlyExpected income£2,000Recuring Income Stability
STANDARD AFFORDABILITY WEIGHTING
IncomesExpendituresSaveCancelIncomesExpendituresE-commerceE-commerceSalarySalaryOther income supercategoryOther income supercategoryInsurance PayoutInsurance PayoutCashbackCashback%55%55%12%12%100%100%12%12%11%11
Affordability - what do you get?
Make sure your customers can afford the loan through the automated Affordability tool. Enhance your product with AI-powered affordability calculations that will serve you as support for decision-making processes. Optimize risk decisioning and verify customer data instantly.
Standardized data
Affordability calculations always include accurate, verified data. A granular set of relevant transactions enables you to improve your underwriting processes.
Automated processes
The tool is 100% automated. No developer skills are required, you don’t even need any maths and analytical knowledge. You get valuable insights handed to you on a plate.
Advanced calculations
Making data-driven loaning decisions is not just income & expenditure analysis. Improve your decisioning using important metrics and advanced insights.
Fraud protection
You receive transactional data directly from the bank. You reduce the risk of fraudulent activities and comply with regulations better.
Understand the trend
Affordability is not just about the current situation. It’s a way to better understand your customers and analyze the historical trends, and current months, as well as take a look at predictions of what is likely to happen in the near future.
Standardized calculation
All calculations are based on data sent directly by trusted banks. The data is fully protected and free of manipulation. It’s delivered through the secure API, enabling you to access the customer’s affordability data in minutes, seamlessly with no effort.
Accurate calculations
The metrics and categories have been designed with the financial industry in mind. The data is real-time and highly accurate so you can rely on current, up-to-date information.
Data optimization
The Affordability tool instantly detects anomalies in trends and user behavior. This enables you to draw clear, valuable conclusions and make smarter decisions.
Enterprise level
We’ve built the Affordability tool using thousands of real-life use cases. Our algorithms use real-life data for you to utilize this knowledge and boost your business.
Affordability Customization
Need more? The tool also provides you with a top-notch opportunity to decide about the income and expenditure category weights. Use the predefined category weights or create your own ones to fully meet your internal lending procedures and business goals.
Adjust to your needs
Decide about category weights yourself. Choose income sources and expenditure categories that are crucial for your lending processes and define which ones shouldn’t be considered.
Compare
At any stage, you have full access to both predefined calculations and custom settings with your chosen category weights. See for yourself which settings work better for your business needs.
Quality and safety guaranteed
All calculations done by Planky’s Affordability are based on bank-confirmed financial data. There is no chance the data is inaccurate or manipulated by a third party.
How can Affordability help your business?
Affordability has been designed to improve underwriting processes and help businesses bring their loaning decisions to a brand-new level. See how you can boost your business with our platform.
Better underwriting
You can quickly and automatically confirm your customer’s affordability and credibility using real-time data confirmed directly by a trusted bank.
Understand your customers better
A deep insight into customer’s affordability is a way to get familiar with their income sources and spending habits. Therefore, you can build better customer-oriented products.
Better customer experience
No struggle and fuss – the entire process is simple, intuitive, and fully automated. Without any coding skills, you gather the necessary data in one click.
Build high-value products
Affordability allows you to verify the eligibility of your lending products. You can offer high-quality services and improve efficiency at the same time.
Increase sales
Skyrocket your revenue by accepting more applications. Offer your services to more customers that are more likely to convert.
Planky solutions means
Accurate, Customizable & Secure
Designed for developers
Created to start easily
Simple integration comes in pairs with extensive documentation. Planky’s Affordability is a no-code solution that can be easily integrated with your system in minutes.
Designed for business
No Code Solution
Affordability can be seamlessly connected in a few clicks. You don’t need developer knowledge or programming skills. You can instantly invite your customers to share their data.
The solution that is leading the way in lending
Book a demo to try out the most innovative tool for affordability check. If you want to start right away, integrate Affordability with your system and start benefiting from it instantly, in one click.