Create models in seconds
Upload a loan contract and watch as Affinda instantly predicts the data fields you want to extract, helping you automate loan contract processing in just a few clicks.
Loan contract extraction
Production-grade document AI for loan contracts. Describe your workflow. Affinda handles the rest.
How to automate loan contract processing with Affinda's AI
- 1
Upload your loan contracts, your way
Email, drag and drop or connect via API.
- 2
Watch as it extracts your loan contract data
Affinda's AI reads your loan contracts with impressive contextual understanding. It splits and classifies documents, extracts and validates data, then transforms the output to match your business needs.
- 3
Automatically route the data to your systems
No manual data entry required. Affinda integrates seamlessly into your existing tech stack.
Extract any information from any document, fast
Affinda's AI reads, understands and extracts data from any loan contract or document
Cleanse and transform data
Affinda automatically converts extracted loan contract data into the format your loan servicing, CRM or core banking system recognizes, ensuring it's ready to use immediately. Need something custom? Use natural language to describe how you want the data structured.
Apply business logic
Write validation rules in plain language and apply your business logic to the extracted data. This ensures every loan contract meets your compliance standards and enables straight-through processing.
Combine the best of artificial and human intelligence
1B+ documents processed
10+ years of IP combined with the latest AI innovations
800+ customers
95% reduction in manual processing achieved
No need to talk to sales. Get started now
With a free trial, discover how easy it is to extract any information from any document, fast.
Sign up for free
No sales calls, no credit cards and no hidden features. Get all the power in your hands from day one.
Upload documents
Drag and drop, email or upload via API. Affinda can handle any document, any file type and any layout with ease.
See the magic
Watch as the platform predicts the information you want to extract, letting you build models in minutes, not months.
Nathaniel Barrs, CTO, PSC Insurance
95%
reduction in manual work
10×
more invoices processed with no added staff
Enhanced auditability and tracking of invoice approvals
Jorg Both, Head of Business Systems, Northline
120,000
proof of delivery documents processed annually
82%
of documents straight-through processed in the first weeks
Automatic validation of documents against ERP system
Michael Zhao, AI Product Manager, SEEK
High accuracy parsing across multiple languages
Improved customer experience thanks to better structured data
Stronger compliance with international data security and software standards
Nick Tran, Business Analyst, StateCover Mutual
300,000
documents processed annually
80
different document types
60%
Enhanced auditability and tracking of invoice approvals
Steve O’Keeffe, CTO, Felix
76%
reduction in manual data input
30%
reduction in compliance data errors
85,000
compliance documents processed annually
Frequently asked questions
What is loan contract processing?
Loan contract processing is the workflow financial institutions use to capture, extract and validate data from loan agreements – including borrower details, loan terms, interest rates, collateral and signatures. Our AI loan contract processing software automates this entire process to reduce manual data entry, improve accuracy and speed up loan servicing. It ensures that contract data is captured correctly and flows seamlessly into your loan servicing, CRM and core banking systems.
What is loan contract data extraction?
Loan contract data extraction is the process of capturing and pulling key data points from loan agreements – including borrower and lender details, loan amounts, interest rates, terms, collateral and signatures. Our AI automates loan contract data extraction, transforming unstructured documents (both digital and scanned) into structured data that flows directly into your loan servicing, CRM and core banking systems.
What is loan contract extraction?
Loan contract extraction is the automatic capture of key data from loan agreements using AI. Our loan contract extraction software combines reading order models, OCR, LLMs, RAG and more to convert this information with high accuracy and faster processing times.
What is a loan contract parser?
A loan contract parser is software that automatically reads and extracts data from loan agreements. It transforms contracts into structured, actionable formats your systems can use. Our AI loan contract parser handles multi-page documents, grouped clauses and varying layouts – whether digital or scanned – and learns from every interaction to deliver the precise output your loan servicing and banking systems require.
What is loan contract line extraction?
Loan contract line extraction captures structured data from tables within your loan agreements – like amortization schedules, payment terms and fee structures – and converts it into usable formats while preserving the relationships between each row. Our AI handles everything from simple grids to complex nested tables with strong contextual understanding.
What data fields can Affinda's AI loan contract processing software extract?
Affinda's AI loan contract processing software can extract data from any field on a loan agreement. Standard data fields include:
Party Information
- Borrower Name / Entity: Name of the individual or organisation receiving the loan.
- Borrower Address / Contact Details: Physical address, phone, email and other contact information for the borrower.
- Lender Name / Institution: Name of the lending institution or individual providing the loan.
- Lender Contact Details: Address, phone and email for the lender or servicing institution.
- Co-Borrowers / Guarantors: Names and details of additional parties responsible for the loan.
Loan Terms & Amounts
- Loan Amount / Principal: Total amount borrowed or credit facility limit.
- Interest Rate / APR: Fixed or variable interest rate and annual percentage rate.
- Loan Term / Maturity Date: Duration of the loan and final repayment date.
- Repayment Schedule: Frequency and structure of payments (monthly, quarterly, balloon).
- Payment Amount: Regular instalment amount or minimum payment required.
- Currency: Currency in which the loan is denominated.
- Fees / Charges: Origination fees, late payment penalties, prepayment charges and other costs.
- Disbursement Date / Funding Date: Date when loan funds are released to the borrower.
Security & Collateral
- Collateral Description: Details of assets securing the loan (property, vehicle, equipment).
- Collateral Value / LTV Ratio: Appraised value of collateral and loan-to-value ratio.
- Lien Position: Priority of the lender's claim on the collateral (first lien, second lien).
- Insurance Requirements: Required insurance coverage on collateral.
Signatures & Approval
- Borrower Signature / Date: Signature and date of execution by the borrower.
- Lender Signature / Date: Signature and date of execution by the lender or authorized representative.
- Witness / Notary: Witness names, notary stamps and authentication details.
Other Fields
- Loan Reference Number / Account Number: Unique identifier for the loan or account.
- Contract Date / Effective Date: Date the agreement was created or became effective.
- Special Conditions / Covenants: Additional terms, restrictions or requirements.
- Page Number / Document ID: Page index and unique document identifier.
Need custom fields or a specific template? Simply define them in the UI or describe them in natural language and Affinda will extract and structure them automatically.
What file types does Affinda's AI loan contract processing solution support?
Our AI agents can process any file type. Supported file types include PDF, JPG/JPEG, PNG, TIFF, DOC/DOCX (Word), XLSX (Excel), HTML and TXT/CSV.
How does Affinda process loan contracts and extract loan contract data?
Affinda's AI agents read, extract and validate loan contract data. Our platform is simple to set up and integrates seamlessly into your existing systems. Simply:
- Upload your loan contracts via drag-and-drop, email or API.
- Configure business logic to align with your organization's rules and workflows.
- Let Affinda validate extracted data against your business logic and loan servicing, CRM or core banking systems to ensure accuracy.
- Access structured loan contract data directly within your systems.
The result? Faster, more accurate loan contract processing with minimal manual effort.
Can Affinda extract data from scanned or image-based loan contracts?
Yes. Our AI loan contract processing platform combines OCR with retrieval augmented generation (RAG), LLMs, agentic workflows, proprietary reading order algorithms and more, to automatically detect and process data from scanned or photographed invoices (PDF, JPG, PNG). Even low-quality images are automatically enhanced for reliable data capture and processing.
What language does Affinda's AI loan contract automation platform support?
Our AI loan contract processing platform can automatically detect and process loan contracts in 50+ languages, including multilingual loan contracts containing more than one language. Supported languages include: Afrikaans, Albanian, Amharic, Arabic (Standard, Egyptian, Sudanese, Algerian, Moroccan, Levantine), Bahasa Indonesian, Bengali, Bhojpuri, Bulgarian, Burmese, Chinese (Mandarin [PRC/Taiwan], Cantonese, Wu, Min Nan, Jinyu, Xiang, Hakka), Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Gujarati, Hebrew, Hindi, Hungarian, Italian, Japanese, Javanese, Kannada, Korean, Latvian, Lingala, Lithuanian, Macedonian, Malayalam, Marathi, Nepali, Norwegian, Odia, Persian (Farsi), Polish, Portuguese, Punjabi (Western and Eastern), Romanian, Russian, Slovak, Slovenian, Somali, Spanish, Swahili, Tagalog, Tamil, Telugu, Thai, Turkish, Ukrainian, Urdu, Vietnamese, Yoruba.
Does Affinda integrate with loan servicing, CRM and core banking systems?
Yes. Our AI loan contract processing platform integrates with 400+ downstream systems, including loan servicing platforms, CRM and core banking systems. You can build no-code integrations using our AI integrations agent, or create custom integrations using our APIs – whatever suits your workflow.
What are some examples of AI loan contract workflow automations?
AI loan contract processing helps automate and streamline lending workflows across business units such as:
- Loan Servicing Teams: Speed up contract onboarding and reduce manual data entry by extracting borrower details, loan terms, interest rates and collateral from any format. Business-rule validation catches missing signatures, date inconsistencies and incorrect loan amounts before they reach your core banking systems.
- Legal and Compliance Teams: Automate contract review and audit trails by extracting grouped clauses, special covenants and reference numbers – even from multi-page agreements. Self-learning AI adapts to your contract templates, simplifying compliance checks and regulatory reporting.
- Finance and Treasury Teams: Feed structured loan data directly into your CRM and core banking systems to improve reconciliation, portfolio visibility and operational efficiency at scale.
What is a loa contract OCR data extractor?
A loan contract optical character recognition (OCR) data extractor scans and accurately captures information from loan agreements, regardless of format or language. Upload loan contract documents in PDF, JPG or PNG formats. The OCR technology first converts the documents into a text layer, ensuring all text (even from scans, photos or handwriting) is captured. Affinda's AI models then identify and extract key fields such as borrower and lender details, loan amounts, interest rates, terms, collateral and signatures, transforming them into structured, usable data.
This automation eliminates manual data entry, reduces errors and saves time. Once the loan contract data is captured and structured, our AI loan contract processing pipeline can apply machine validation and post-processing to enable seamless integration with loan servicing, CRM and core banking systems.
Banks, lenders, legal and financial services firms rely on Affinda's AI for contract review, loan servicing and compliance processes, streamlining workflows and improving overall efficiency.