Fintech startup IndiaLends targets disbursing Rs 10 billion loans in FY19

India is an underserved market with the approval rate for consumer credit below 10%

Nirmalya Behera 

Mumbai-based Andrews Azariahs was a happy man after a loan of Rs 800,000 was recently credited into his account within two days of the request, that too with a holiday in between. “I needed the loan urgently. It understood my urgency and took immediate steps, and followed up a lot with the banks.

It kept me updated about the status of my loan request,” said Azariahs. He was referring to IndiaLends, a Delhi-based fintech company. IndiaLends, an online credit underwriting and analytics platform, helps consumers access relevant unsecured credit products offered by ...

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First Published: Sun, July 15 2018. 21:10 IST