Rubique disburses loans worth Rs 250 cr

Cashing in on growing demand for credit, online loan disbursal platform Rubique has processed loans worth over Rs 250 crore since the start of operations in October 2014.
Besides, the firm has issued more than 6,000 credit cards through 54 financial institutions and generated a revenue of Rs 4 crore till March.
"With over 21,000 applications generated so far, we look forward to onboard more financial institutions so we could offer more choices to our customers and able to raise the bar for the number of applications processed," Rubique Founder and CEO Manavjeet Singh said.
He added "With current tie ups of 54 financial institutions we have around 144 product agreements across credit cards, retail and SMEs loans."

Operational in Mumbai, Delhi, Pune and Kolkata, the firm aims to expand to other locations soon.
The company has partnered banks and NBFCs, and offers a range of financial products including personal loans, home loans, business loans and loans against property, among others.