Expanding access to credit for the tech savvy and mobile population and bringing transformation to the small personal loan market, Home Credit India Finance Pvt. Ltd., one of India’s fastest growing non-bank financial companies (NBFC), has launched an innovative and one-of-a-kind online mini-loan nationwide.
Aimed at customers who need a small loan to meet an urgent need or purchase a product that was on their shopping list, the Mini Cash Loan allows eligible applicants to borrow any amount ranging from Rs. 1,000 to Rs. 10,000.
A distinctive feature of these loans is that they are approved within 10 minutes of filling out an online application form. In just a few steps, a customer can qualify for an instant cash loan without speaking to a credit counselor or visiting an agency and without a physical signature. The loan is paid directly to the customer’s account during the day via the electronic payment systems RTGS and NEFT.
The only document that a customer needs to apply for this loan is an Aadhaar card. Only in cases where the current address is different from that mentioned on the Aadhaar card, the customer will be required to present proof of address. These small, real-time smart loans are designed with ease of application and fast approvals in mind. Since its launch, there have been approximately 58,000 Mini Cash Loan registrations.
With the launch of this new loan, Home Credit India has become one of the few consumer finance companies in India to offer such a product. The Mini Cash Loan is available to everyone and not just to existing Home Credit India customers.
The applicant must be employed, self-employed or retired. The full process for applying, approving and disbursing the Mini Cash Loan is available at https://www.homecredit.co.in/loans/mini-loan.aspx.
“We are constantly investing and innovating in technology at Home Credit India to ensure that we are providing the market with products that are easy, straightforward to understand and require minimal documentation. The biggest benefit of applying for a personal loan online is the convenience and convenience. Simplicity The Mini Cash Loan is part of our digital strategy to deliver innovative, technology-driven financial products that deliver an intuitive and seamless customer experience, ”said Tomas Hrdlicka, Marketing Director of Home Credit India.
Home Credit India has been at the forefront of redefining the customer experience through innovative products and services. The company recently launched a mobile app that gives customers instant access to their loan details, repayment schedule, and amount owed information.
(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)
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