In this whole financial setup, personal loan apps have emerged as an excellent idea to provide safe and hassle-free immediate cash loan in India within a few minutes.
FinTech has transformed the cumbersome process of loan applications through digital lending. FinTech startups have brought a significant change in our economy and major changes to how we make payments. The payment system has changed the way we all conduct business.
In this whole financial setup, personal loan apps have emerged as an excellent idea to provide safe and hassle-free immediate cash loan in India within a few minutes. Today we all have mobile banking on our phones, which helps us to do all our banking transactions at our fingertips from the comfort of our homes or any place.
Here is a list of top fintech players in India:
GalaxyCard: Incepted in 2018, the company has acquired a huge customer base from more than 600 towns across the country. The digital credit card can instantly be made available within 3 minutes and benefits the customers with no annual, joining, or interest charges. GalaxyCard focuses on making credit cards easily available to customers with an income of less than 30k a month. Customers can simply download the app and make a free online registration for processing. The entire application process is digital and requires three basic details – PANCard, Aadhar Card, and Bank Statements. Unlike the traditional lending process, it eliminates elaborative paperwork and long processing duration.
RupeeRedee: RupeeRedee is a new-age digital lending platform that leverages state-of-the-art technology and data sciences to make lending safe, quick and hassle-free for India’s massive population of underserved customers. A subsidiary of Digital Finance International having 20+ international fintech brands across several countries, which is a member of Finstar Financial Group, an international company. RupeeRedee operates with multiple NBFCs in the background to facilitate instant personal loans. RupeeRedee started its operations in 2018 with an aim to position itself as a ‘Lender for All’ by offering lending products to various customer segments commensurate to risk profile. RupeeRedee also has a captive NBFC, FincFriends Private Limited which is one of the first 100% digital NBFCs registered with RBI.
Loan Tap: LoanTap Financial Technologies is an online platform committed to deliver customised loan products to millennials. The Pune-based company was established in the year 2016 with an aim to provide seamless consumer experience from the application to the disbursal process. The platform is said to be committed to deliver flexible loan products to salaried professionals. LoanTap offers loans to help millennials achieve a life they desire. The company is said to deliver fast personal loans at customer-friendly terms. LoanTap’s focus is to delight its customers by helping them choose the best loan products.
CASHe: We are a fintech company that provides fast, flexible, unsecured personal loans through a mobile application to young salaried millennials across India. CASHe was founded in 2016 by V. Raman Kumar, whose aim was to bring millions of young salaried millennials who were denied credit by conventional banks and financial institutions into the formal credit system. Mumbai-based CASHe is a digital lending platform for young salaried millennials. CASHe provides instant short-term personal loans ranging from INR 7,000 to INR 300,000 for a tenure of up to 1 year to young working professionals based on their social profile, merit and earning potential, and the company uses its proprietary algorithm-based machine learning platform.
Source: Business World