You are here: Home » News-ANI » Business
Business Standard

5 digital platforms providing unbelievable loan products

ANI  |  New Delhi [India] 

Loans, a dull segment is flashed up with the uniqueness of the new online trending platforms making it convenient process for customers to meet their daily financial requirements.

Fintech is making it simpler for customers to customize their offering from NBFC's and Banking partners, ease of online short-term and long-term unsecured loans, providing the exclusivity of personal credit line to be used as desired and products like EMI free is attracting borrowers to take their leap of faith with

Here are some apps to try digital lending experience:

Moneytap

MoneyTap is India's first app-based consumer credit line, designed with the aim of providing millions of Indian consumers with hassle-free access to credit, the app offers instant in partnership with leading banks in the country. MoneyTap introduced the concept of a Credit Line (personal line of credit for consumers) for the first time in

Loantap

LoanTap is a fintech platform delivering flexible EMI to salaried professionals. It uses technology to deliver for millennials. Borrowers can choose custom- made from an array of offerings like Overdraft Facility, Credit Card Takeover Loans, Rental Security Deposit Loans, Advance Salary and consumer durable loans. Registered as Limited with RBI, it is an NBFC offering unique products and features within the regulatory guidelines, thereby ensuring a fully transparent pricing structure.

Happy

Promising a unique borrowing experience to Indians, Happy provides customized loan offerings to consumers to meet their specific demands. It even offers Micro loans that start at as low as Rs 2,000 for durations as short as 30 days. By empowering small businesses and merchants to meet their working capital requirements, Happy aims to be the harbinger of a financial revolution that ensures the availability of funds to every person as and when required. Happy has also introduced another unique offering called Trial Pack. Happy launched a loan for 7 days completely free.

OMLP2P

OMLP2P, an online (P2P) lending platform, offers consumers short-term and long-term unsecured loans facilitating from Lenders (investors) in a transparent, convenient, and effective manner. OMLP2P uses a tech-enabled verification process based on the personal and financial information provided by the borrower.

CoinTribe

is a leading SME lending focused marketplace that provides quick and easy, collateral free loans to Small Businesses with annual turnover between 1 - 100 Cr. believes that effective underwriting is at the heart of solving the gap in SME lending market and is the only that has back-tested its credit model with large banks and continues focusing. has partnered with some of the leading Banks and NBFCs to simplify the SME borrowing experience requiring just the basic and key person(s) details along with business bank statement(s) to arrive at credit approval.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 16 2018. 15:55 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU