Tink supports DKB with optimising construction loan processes
Taking experiences digital has never been more key for lenders in a world where borrowers base their choices on user friendliness. Germany’s Deutsche Kreditbank AG (DKB) is a long-time advocate of digitisation. Now partnering with Tink, DKB removes friction from its construction lending process – adding convenience.
Leading German bank, Deutsche Kreditbank AG (DKB) offers construction loan applicants an improved experience by teaming up with Tink
With digitised credit checks based on real-time financial data, DKB eliminates the friction of manually providing documentation
By enhancing its digital financial services, applicants can do away with manual document submission.
Keeping it simple is ideal in any loan application process, let alone construction financing. That’s why Deutsche Kreditbank AG (DKB) has teamed up with Tink – offering German consumers an automated, more intuitive experience when seeking construction loans.
As part of BayernLB (Bayrische Landesbank) Group, DKB serves 5.4 million customers with a view to ensuring streamlined digital services. One of the country’s top 20 financial institutions, DKB in 2023 adopted digital account verification services to help its applicants save time. Going a step further, construction loan applicants can now enjoy automated household accounting – doing away with the need to submit hard copies of traditional credit documents, such as payroll stubs.
DKB aims for direct loan processing on the next banking day, meaning that customers can do away with manual document submission – which is traditionally complex and time consuming.
Streamlining affordability with Tink gives a 360° view
In an age where consumers expect their financial services to be fast, accurate, convenient and above all, digital, DKB’s partnership with Tink empowers consumers with an optimal loan origination experience. By digitising its credit checks using Tink’s products, DKB can utilise real-time financial data during the customer onboarding phase of the lending process. This gives DKB the insight into an applicant’s financials needed to streamline the construction loan origination process – all while improving the applicant’s experience.
How the right partners can reduce complexity
“We’re very proud to be the first in the market to offer this new service to our customers. Verifying financial data digitally leads to a significant increase in efficiency when processing construction loan applications,” says Tilo Hacke, Board Member for Private Customers at DKB. “By eliminating documents, we reduce internal review processes which in turn leads to a significant acceleration in processing times. And at the same time, we ease the burden on our customers to compile their documentation.”
Ready to level up your loan origination UX? Drop our team a line today to get started, and discover our products designed to help lenders level up income and affordability assessment, risk decisioning and more.
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