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Hyderabad-based startup AnyTimeLoan.in receives NBFC license from RBI

AnyTimeLoan.in has a minimum net owned fund of Rs 20 million

Reserve Bank of India
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FILE PHOTO: A security personnel member stands guard at the entrance of the Reserve Bank of India (RBI) headquarters in Mumbai | Photo: Reuters

BS Reporter Hyderabad
Hyderabad-based startup AnyTimeLoan.in has secured a non-banking financial company (NBFC) peer-to-peer license from Reserve Bank of India (RBI). Incubated at Hyderabad startup incubation centre T-Hub, AnyTimeLoan.in facilitates instant unsecured loans (personal, education and business loans) to eligible borrowers by connecting them with investors or lenders across India through a digital ecosystem.

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The lending platform has a minimum net owned fund of Rs 20 million and over the past few four years, it has disbursed over 57,000 loans, aggregating to over Rs 620 million. The