How is LoanAdda using technical advancements for its steady growth in financial market?
Added: (Fri Mar 22 2019)
Pressbox (Press Release) -
Started in 2015, as a startup company LoanAdda has evolved in an enormous way. By starting this company by only 28 members, it has now outgrown itself with more than 120 members’ team. LoanAdda is a fintech company which deals with various financial products to help you meet your financial requirement with latest technology.
It is one of the India’s biggest fintech firms. LoanAdda brings you the best offers and customized schemes with special rate of interests based on your profile. Just with your basic details and minimal documentation, LoanAdda helps you to choose just the right offer for various financial products like Personal loan, Home Loan, Business loan, working capital loan and Loan against Property.
With our purely online procedure, we provide you with the benefit to browse for multiple offers on Home loan, personal loans with the lowest personal loan interest rates and home loan interest rates based on your eligibility profile and you can apply instantly by uploading your basic and minimal documentation with us.
Our team of professional financial experts brings you with top-level financial services and will provide you with solutions for your entire financial requirement in just one platform. As we provide with complete online procedure, we are able to serve you with total transparency, and with no hidden charges.
LoanAdda uses technology as a means to create value in the financial market. It uses big data analytics and artificial intelligence to connect borrowers to an appropriately matched lender, using a personalized approach at each step to simplify the consumer experience.
LoanSwift (LoanAdda’s proprietary software) is based on AGILE methodology and has built in modules which take more than 100 data points including both traditional and non-traditional parameters. The company is able to compete successfully due to the focus on the entire value chain rather than just lead origination, which is what most competitors are focusing on.
The Company is able to achieve conversions of over 8% as against an industry average of 1-2%, due to the smart filtering using its proprietary algorithms which push only relevant leads to the lending partners thus enabling a higher conversion rate.
Due to its focus on priority sectors, the Company also facilitates the customer at every point in the process ensuring they identify the best product, properly evaluate the necessary documentation, and receive both pre and post disbursal checks and compliances.
By improving for better, we also try to simplify the process, and make it extremely easy for you to avail personal loans, business loan, and loan against property. The basic criteria which you need to follow is firstly you need to Log into our website, fill in your necessary details and based on your credit score eligibility, our online eligibility checker will calculate your personal loan eligibility and you’ll get to know the loan amount which you can avail.
Another benefit which LoanAdda provides is that you can compare loan schemes by top personal loan providers with special personal loan interest rates starting from 10.75%.
To further help you to choose with the best and affordable offers on your personal loans, we have an online EMI calculator which calculates the flexible repayment options for you. With our online EMI calculator you’ll be able to calculate the EMI that you’ll be paying every month on your personal loan application.
LoanAdda’s goal is to improve the financial inclusion in India; it is the largest PSL online loan aggregator portal in India completing the complete spectrum of loan origination to disbursal. They handhold the customer with from free document pickup to getting his credit score for free and finding the ideal financial institution to lend to him with the loan amount he requires.
LoanAdda also uses alternative data to provide credit scoring and verification to economically empower the poor sections of society. Their team believes in truly transformed lives not by charity but by credit access. LoanAdda’s team has an actual online experience of loan origination, discussion with customer, structuring of case and discussion with lender to do the actual case sanction and disbursal.
Team product knowledge includes collection, analysis and processing of multiple data points, which are fed to the development track team that constantly upgrades the software to ensure perfect track record for all our lending partners
From 2015 to 2019, we have outgrown in various scenarios, such as in technology. We now, have also introduced the LoanAdda App also, for making it even more convenient for you to apply for personal loan, business loan, home loan, loan against property.
With this, people are availing the benefit of applying for the loans, at any convenient time and place. As you just need to download the application, fill in your details, upload your documents and just within few minutes you get the approval of a specific loan amount.
We are now also lined with Amazon cloud security services in order to protect the privacy and information of our customers. We have many satisfied customers and we aim to continue with this enthusiasm.