Fintech companies in India disrupting digital lending solutions

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In all this financial setup, personal loan applications have emerged as a great idea to provide safe and hassle-free immediate cash loan in India within minutes.

FinTech has transformed the tedious loan application process with digital lending. FinTech startups have made a significant shift in our economy and major changes in the way we make payments. The payment system has changed the way we all do business.

In all this financial setup, personal loan applications have emerged as a great idea to provide safe and hassle-free immediate cash loan in India within minutes. Today we all have mobile banking on our phones, which helps us to have all of our banking transactions right at our fingertips from the comfort of our homes or any location.

Here is a list of the best fintech players in India:

Galaxy Map: Founded in 2018, the company has acquired a large customer base in more than 600 cities across the country. The digital credit card can be instantly made available in 3 minutes and benefits customers with no annual, membership or interest fees. GalaxyCard aims to make credit cards easily accessible to customers with incomes of less than 30,000 per month. Customers can simply download the app and complete a free online registration for the treatment. The entire application process is digital and requires three basic details – PANCard, Aadhar Card, and bank statements. Unlike the traditional loan process, it eliminates tedious paperwork and long processing time.

RupeeRedee: RupeeRedee is a new era digital lending platform that leverages cutting edge technology and data science to make lending safe, fast and hassle-free for India’s huge population of underserved customers. A subsidiary of Digital Finance International owning more than 20 international fintech brands in several countries, which is a member of Finstar Financial Group, an international company. RupeeRedee works with multiple NBFCs in the background to facilitate instant personal loans. RupeeRedee began operations in 2018 with the aim of positioning itself as a “Lender for All” by offering loan products to various customer segments depending on the risk profile. RupeeRedee also owns 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 providing personalized loan products to millennials. The Pune-based company was established in 2016 with the aim of providing a seamless customer experience from request to disbursement process. The platform is said to be committed to providing flexible loan products to salaried professionals. LoanTap offers loans to help millennials live the life they want. It is said that the company offers quick personal loans on friendly terms. LoanTap’s goal is to delight its customers by helping them choose the best loan products.

BOX: We are a FinTech company providing fast, flexible and unsecured personal loans through a mobile app to young millennials across India. CASHe was founded in 2016 by V. Raman Kumar, whose objective was to integrate into the formal credit system millions of young generation Y employees who have been denied credit by conventional banks and financial institutions. CASHe, based in Mumbai, is a digital lending platform for young generation Y earners. CASHe provides instant short-term personal loans ranging from INR 7,000 to INR 300,000 for up to one year for young professionals. based on their social profile, merit and earning potential, and the company uses its proprietary algorithm-based machine learning platform. .

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