Stuck with debt you can’t repay? Here are 5 NBFCs that can help
Everyone desires to accomplish their finances and imply a completely debt-free method. But most times you get into a debt trap and you are compelled to take loans. And in such a crisis you have a tendency to choose any banking apps or sites without further research which may also lead to trapping you in a cycle of debt.
Here are 5 NBFC startups you can trust In order to avoid such circumstances.
Lendingplate: lendingplate is a brand by Unifinz Capital India Limited, a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI). Lending Plate is India’s fastest-growing digital loan platform that uses its proprietary credit algorithm and real-time KYC validations to offer an almost instant experience of availing unsecured personal loans in a hassle-free manner and in complete privacy to the borrowers. The company caters to more than 5000 serviceable pin-codes making it possible for individuals to apply from anywhere and anytime digitally through the company’s website and mobile apps. Lending plate loans range from ₹10,000 to ₹2.50 lakhs with a tenure of up to 15 months focusing on the large underserved credit population of the country. Visit: lendingplate
BharatLoan is an RBI-registered NBFC that gives access to emergency funds for salaried professionals residing in metro cities across the nation. With a focus on providing a seamless, 100% digital, and paperless loan experience, BharatLoan is committed to simplifying the borrowing process for its customers and has achieved significant milestones, including becoming the fastest NBFC to cross more than 1 million app downloads, a testament to its exceptional customer adoption and market impact. BharatLoan operates within a secure and regulated ecosystem, ensuring compliance while prioritizing inclusivity for all individuals. Utilizing a data-driven approach powered by AI and ML, the company challenges traditional lending models, offering faster, more convenient, and accessible loan services, irrespective of credit scores. Visit: Bharat Loan
Rupee 112 is an RBI-registered NBFC, a pioneering fintech company based in Gurgaon, is on an unwavering mission to revolutionize financial accessibility for salaried professionals across India. Led by the visionary Founder Vikkas Goyal, this dynamic startup leverages cutting-edge technology to provide a groundbreaking solution: instant access to emergency cash through a seamless, 100% digital, and paperless experience. Rupee112, a technology-first company, operates within a regulatory-compliant ecosystem. It disrupts the lending industry with a digital-first, data-driven, AI, and ML-powered lending approach, facilitating faster, more convenient, and accessible loan services for consumers. Founded in August 2023, the company has seen rapid growth, boasting a 20% monthly revenue increase and over 500,000 app downloads. Currently operational in 45 new cities, Rupee112 aims to solidify its position as a game-changer in the financial lending landscape. Visit: Rupee112
KreditBee: KreditBee is India’s online credit solution provider. It provides a variety of personal loans, online/offline checkout finance, and digital gold investments. The company has ventured into digitally enabled secured loans and loans against property in addition to digital lending. Insurance, credit score reports, and merchant-side discounts are also available through the brand. The personal loan amount starts at ₹3,000, can go up to ₹5 lakh, and usually gets disbursed within minutes of approval.
True Balance: True Balance is a loan app that doubles up as a mobile wallet app that disburses the loan amount into one’s bank account or the True Balance wallet. Catering mostly to salaried and young professionals, this personal loan app offers credit up to ₹50,000 with an interest rate starting from 2.5% per month. The repayment tenure ranges from 15 days to 6 months. True Balance has a simple and secure application process that requires only your Aadhaar card and PAN card.
