IN Non Banking Financial Companies how APNAGPS helpful.

Banks in recent times has failed as a result of loan recovery problems. Loan is the major source of bank profitability.

Loan, when not recovered could adversely affect banks. It is easily granted than recovered. It usually needs proficiency i.e. competency and expertise in the recovery process. It sometimes becomes an uphill task to recover. When they are not recovered, the impact is often disastrous to the bank.

There is therefore a need for arriving at strategies for efficient loan recovery by APNAGPS.

Solution by APNAGPS – At the time of Loan approval, once clients is eligible for Vehicle loan then for loan amount security as well as for removing the vehicle theft problem we can do following: 1- Finance company is quietly scoping the legality of using GPS tracking devices in vehicles it finances.

2- GPS devices will be used to analyze the car purchaser's driving patterns to determine if it matches a baseline of expected behaviour.

3- GPS tracking would permit an agent of the creditor to determine whether or not the consumer is travelling daily to the address identified as the location of the consumer's current employer, track the location of his permanent address, and track the location of the vehicle they parked.

4- GPS devices are routinely used by companies to track the movement of commercial vehicles and some car rental companies have also been using them to track the whereabouts of their vehicles.

5- GPS devices to enable deeply intrusive monitoring of an individual's daily movements and habits.