India’s only marketplace, Loanyantra which helps customers in getting the lowest possible interest rate and monitors and manages home and personal loans till closure. It also makes sure that they are the lowest rates. Loanyantra has come up with a complete digitalization for a personal loan starting from a rate of 9.99%. They support their customers throughout the comprehensive, complicated loan process. Loanyantra system also makes sure that their customers pay less on EMI’s and helping them to close their loans faster using Artificial Intelligence and Machine Learning algorithm which they developed.
Loanyantra is a T Hub-based online fintech startup, which launched a new personal loan product in the market at a rate of 9.99% which is the lowest rate in the personal loan and pure online process. Loanyantra has partnered with a South Korean Bank ‘Shinhan Bank’ for the development of the product. This bank has already started its operations in India.
The process of applying for a loan is very simple. Customers need to upload the minimal documents which include the Income documents and KYC. The team verifies their documents and allot the funds within the next 48 hours. The best part of this is everything is done with the help of digitalization. Loanyantra believes in creating a hassle-free, innovation-driven method for their customers to ensure easier and simpler processing of their loans, thereby closing their loans at least earlier than a year.
Their mission is to give end to end solution in the home loan and personal loan segment in India. It provides a feeling of shopping online for home loans and personal loans, like any other online shopping. After you get your loan through Loanyantra you get your cost-free ROI tracker, personalized relationship manager, and loan alerts as part of being the customer. In the coming future, Loanyantra is planning to set up a win-win situation for both the customers and banks. Any user can get their desired loans at a possible rate and in possible terms before submitting any documents. They had successfully provided ₹800,00,00,000/- plus worth of loans with a customer base of 4 lakhs plus registered customers to date.
