FinMomenta introduces corporate HR loans
ET Bureau|
Updated: Sep 25, 2017, 02.19 PM IST
PUNE: Digital lending firm FinMomenta, has introduced a corproate HR loans on its digital lending platform Tachyloans in India.
Naveen Madgula, COO and Co-Founder said, "Digital lending is a paradigm shift for the entire financial industry. Over the years it has proved to be a streamlined lending process. This will be a big value addition to the corporates tying up with us."
With corporate HR loans, employees can avail any loan starting from Rs 50,000 to Rs 5,00,000 with minimum interest rate of 11.50% to 25% per annum with 6 months to 3 years loan tenures. The loans are available for borrowers in 50 cities in India.
The company said that in today's world, where everyone is hard pressed for time, people are finding it difficult to take time from their routine and go after banks in case of any financial need.
It is this pain point that FinMomenta aims to address and make it a win-win situation for the borrower and the company. From a corporate employee's perspective it means convenience of getting a loan without having to chase banks and for the corporate it is a significant employee friendly step thereby resulting in increased employee satisfaction and loyalty.
FinMomenta is a fully owned subsidiary of FinMomenta PTE Singapore.
Naveen Madgula, COO and Co-Founder said, "Digital lending is a paradigm shift for the entire financial industry. Over the years it has proved to be a streamlined lending process. This will be a big value addition to the corporates tying up with us."
With corporate HR loans, employees can avail any loan starting from Rs 50,000 to Rs 5,00,000 with minimum interest rate of 11.50% to 25% per annum with 6 months to 3 years loan tenures. The loans are available for borrowers in 50 cities in India.
The company said that in today's world, where everyone is hard pressed for time, people are finding it difficult to take time from their routine and go after banks in case of any financial need.
It is this pain point that FinMomenta aims to address and make it a win-win situation for the borrower and the company. From a corporate employee's perspective it means convenience of getting a loan without having to chase banks and for the corporate it is a significant employee friendly step thereby resulting in increased employee satisfaction and loyalty.
FinMomenta is a fully owned subsidiary of FinMomenta PTE Singapore.
