1st Position at The Great Bengaluru Hackathon
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1st Position at The Great Bengaluru Hackathon

Y
AuthorYash G. Varma
Published
March 15, 2025

1st Position at The Great Bengaluru Hackathon

Team: Yash G. Varma, Krishnan P.V.
Achievement: 1st Position (24-hour Hackathon)

Problem Statement

India faces a serious gap in financial literacy, especially when it comes to navigating complex loan documentation. Over 40% of loan applications are rejected due to errors, and many users are exploited by predatory hidden terms.

LoanSaathi Solution

LoanSaathi is a smart, AI-driven loan assistant designed to make loan applications simple, secure, and accessible in 8 Indian languages.

Key Capabilities

  • Document Understanding: Read and understand loan documents using OCR and translation.
  • Risk Detection: Identify harmful terms using AI-powered clause analysis.
  • Guided Navigation: Navigate the entire loan application process with intent-based conversation.
  • Privacy First: No document data is retained, ensuring user privacy.

Technologies Used

  • LLMs: Mistral Saba 24B + Fine-tuned FinLLaMa for financial understanding.
  • OCR: PaddleOCR for real-time document extraction.
  • AI Assistants: Agentic document parsing via Sarvam AI.
  • Backend: Supabase for secure data storage.
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