USE CASE — LOAN PROCESSING

Underwrite faster with bank data you can actually filter .

Loan processing runs on bank statement analysis — income stability, existing obligations, average balance. BankXL converts applicant PDFs into structured Excel in 15 seconds, so your underwriting time goes into analysis, not typing.

Try BankXL free See plans
Used by DSAs, NBFCs & loan consultants
500+ banks supported
Free 50 pages/month
THE OLD WAY IS BROKEN

What people doing loan processing tell us they want to stop doing.

Stop manually scanning months of statements for salary credits and existing EMI debits
End the guesswork on average monthly balance — get it from real running-balance data
Skip retyping applicant statements before underwriting analysis can even begin
Stop losing loan turnaround time to spreadsheet formatting instead of decisioning
LOAN PROCESSING WITH BANKXL

Every scenario you deal with, streamlined.

Income verification
BEFORE
Scroll through months of PDFs by eye, looking for consistent salary or business credits.
WITH BANKXL
Convert to Excel, filter credits by narration keyword or employer name, and see a clean month-by-month income trend.
Existing obligation (EMI) check
BEFORE
Manually spot same-amount recurring debits across months that look like existing loan EMIs.
WITH BANKXL
Sort debits by amount and date in Excel — recurring same-amount debits stand out immediately for DSCR calculation.
Average balance / bounce check
BEFORE
Type out daily or monthly closing balances by hand to compute average balance and spot cheque or ECS bounces.
WITH BANKXL
The running balance column is pre-extracted, so average balance and bounce-flag formulas can be built directly on the converted data.
Co-applicant / multi-account cases
BEFORE
Each applicant or account gets typed up separately, slowing down joint or business loan files.
WITH BANKXL
Bulk upload every applicant's statements together — each converts in parallel with the same column layout for side-by-side comparison.
WHAT YOU GET

Everything loan processing needs.

Every transaction with reference numbers intact
UPI, NEFT, IMPS, RTGS and cheque transactions convert with reference numbers and narrations preserved — needed to verify salary credits and flag unusual large transfers during underwriting.
Bulk conversion for multi-applicant loan files
Upload the primary applicant and co-applicants together — up to 50 files per batch on the Firm plan, each normalized to the same column layout for fast comparison.
Every Indian bank supported
SBI, HDFC, ICICI, Axis, Kotak, PNB, BoB, Canara, IDFC, IndusInd, Yes, Federal, RBL, IDBI, AU SFB + 90 more.
Running balance for average-balance calculations
The balance-after-transaction column carries through to Excel — the basis for average monthly balance and minimum balance checks.
CSV/JSON export for scoring sheets
Export as CSV or JSON to feed directly into an in-house eligibility scoring spreadsheet or underwriting model.
Applicant-safe by design
Files processed in memory, deleted after conversion. Zero data retention for sensitive financial documents.
"What used to be a full day of manually reading applicant statements is now an hour of reviewing clean Excel sheets — we close loan files noticeably faster."
V
Vikram Chawla
Loan Consultant (DSA), Mumbai
FAQ

What people usually ask.

Does BankXL calculate loan eligibility or DSCR for me?

No — BankXL converts and structures the bank statement data. You still apply your own eligibility criteria, DSCR formulas, and underwriting judgment. It removes the hours of manual data entry that usually come before that analysis.

Does it capture UPI and NEFT reference numbers for verification?

Yes. Every transaction — UPI, NEFT, IMPS, RTGS, cheque — converts with its reference number and narration intact, often needed to verify the source of large credits during underwriting.

Can I process co-applicant or multi-account statements together?

Yes. The Firm plan supports bulk upload of up to 50 statements in one batch, useful for joint-loan or business-loan cases needing several statements compared side by side.

Does it work with statements from smaller or regional banks?

Yes — 500+ banks are supported, including regional and small finance banks. If an applicant's bank isn't recognized yet, email a sample to support@banlxlai.com and we'll typically add it within 24 hours.

Is applicant financial data kept private?

Yes. Files are processed in memory and deleted immediately after conversion — no long-term storage, and data is never used to train AI models.

Can I try it on a real applicant statement first?

Yes — the free plan includes 50 pages every month, no credit card, so you can check output quality before relying on it for live loan files.

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Start free. Convert a real statement.

50 pages every month, forever, no credit card. Upgrade only when you need more.