OCR for Loan Application Forms
Extract and parse data from loan applications forms with AI-powered OCR software. Transform paper documents into digital data instantly.
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What is Loan Application Form OCR?
Loan Application Form OCR is an advanced technology that automatically recognizes and captures relevant information from loan application forms. Klippa DocHorizon, with its built-in AI-powered OCR, is capable of precise data extraction and format conversion for easy integration with any data management or ERP systems.
Improve Workflow Efficiency
Enhance your efficiency through the automated extraction of crucial loan application forms data. Save time and increase accuracy in your processes.
Ensure Maximum Data Security
Accurately capture loan application forms data while maintaining strict security standards to protect sensitive information.
Streamline Statement Processing
Automate loan application form scanning and validation to eliminate manual entry, ensuring faster and more efficient financial management.
How it works
Process Loan Application Forms in Just a Few Steps
Instantly capture and convert your loan application forms into any structured format, enabling seamless integration to optimize and scale your workflows.
Send Your Loan Application Forms
Scan your application forms with our mobile scanning SDK or upload them to our platform in any of these formats:
.jpg, .jpeg, .png, .pdf, .doc, .docx, .xlsx, .heic, .webp, and more.Extract Data
Choose which data fields you want to extract, such as the borrower information, loan details, or collateral information to name a few.
Receive Formatted Output
Select from various structured formats like JSON, XML, or CSV that match your desired output destination.
Forward Your Data
After transforming your data into a structured format, you can then forward it to your accounting, ERP or other preferred software for further processing.
What Data Fields You Can Capture with Klippa’s Loan Application Form OCR
Here are a few examples of data fields you can extract. All fields can be fully customizable to your needs. Need to extract additional fields? Let us know!
Klippa DocHorizon
Endless Possibilities for Loan Application Forms
Klippa DocHorizon, our intelligent document processing solution, can automate various document-related processes that involve loan application forms.
Loan application forms scanning
Format conversion to structured data
Image to text & JSON with OCR
Data extraction
Classification
(Cross) validating data
Workflow automation
Anonymization
How to Implement
Implement Loan Application Form OCR into Your Workflow
Klippa provides easy integration via our platform, API, or SDK, and broad compatibility with major platforms and tools. Our well-documented solutions guarantee a hassle-free and smooth experience.
Low-Code Platform
Easily create & automate your entire document workflow on one IDP platform.
API Integration
Connect our loan application form OCR to your own application(s) via API.
Mobile Scanning SDK
Employ our SDKs to empower your mobile applications with smart scanning.
We Take Your Data Privacy & Security Seriously
We Support a Wide Range of Financial Documents
With Klippa, you can automatically extract and validate data from 20+ financial document types in all Latin languages. Do you have a special request? Don’t hesitate to contact our team.
“It is extremely pleasant to work together with a party that is as ambitious as we are. The willingness and speed with which Klippa implemented specific modifications for us is impressive.”
Let’s begin!
Discover the power of Klippa’s Loan Application Form OCR, as our experts help you revolutionize your document processing.
Frequently Asked Questions
How much does loan application form processing cost?What types of forms are supported?Is extraction of loan application form lines supported?How long does loan application form OCR processing take?Can Klippa convert loan application forms to XLSX, XML, JSON or CSV?Is Klippa loan application form processing GDPR compliant?
How much does loan application form processing cost?
The pricing structure for Klippa depends on the amount of fields and the scanning volume. Both pay per use and monthly licenses are available. Get in contact with our solution architects to get an exact quote.
What types of forms are supported?
We support loan application forms from all major banks, financial institutions, and lenders. If we do not support your loan application form yet out of the box, we can quickly train our machine learning models to support it. Basically any form can be processed and all data can be extracted from it.
Did you know that apart from loan application forms, Klippa OCR can scan other types of financial documents, such as bank statements, payslips, and SEPA authorizations? Contact us for more information.
Is Klippa loan application form capturing GDPR compliant?
All the services that Klippa offers are fully GDPR compliant. We only use ISO certified servers within the European Union for processing. A data processor agreement is in place. We do not store any of your or your customers data after processing.
Is extraction of loan application form lines supported?
Yes. Klippa can extract general statement data, as well as line item data. Optionally, we can classify the extracted information into categories such as personal details, employment information, financial data, loan details, and collateral specifics.
How long does loan application form OCR processing take?
The speed of processing depends on the amount of pages and the document type. In general processing a statement with up to 3 pages takes less than 5 seconds. The more pages the statement has the longer processing will take.
Can Klippa convert loan application forms to XLSX, XML, JSON or CSV?
Yes we can. Klippa takes pictures of loan application forms, or their PDF equivalents, and converts them to readable text using OCR. From there we use machine learning to turn the text into structured data. Most of the time we use JSON for this, but depending on your preferences we can also convert loan application forms to XLSX, CSV or XML.