MyLoanCare to expand operations, focus on digital efforts
BENGALURU: Digital lending marketplace MyLoanCare, which had hit net profitability in the last financial year, is planning to expand its scope of operations, expand its staff strength and digitise its loan products over the next financial year.
It competes with the likes of Paisabazaar and BankBazaar has already partnered with 24 lending institutions to facilitate quick credit for its consumers.
Started five years back, MyLoanCare has already processed close to 14,000 loans till March 2018 and has successfully helped disburse around Rs 1,300 crore on behalf of its lending partners.
The company has said that last year they did around 5,400 personal or business loans, 1,800 home loans and 1,300 gold and auto loans.
It competes with the likes of Paisabazaar and BankBazaar has already partnered with 24 lending institutions to facilitate quick credit for its consumers.
Started five years back, MyLoanCare has already processed close to 14,000 loans till March 2018 and has successfully helped disburse around Rs 1,300 crore on behalf of its lending partners.
The company has said that last year they did around 5,400 personal or business loans, 1,800 home loans and 1,300 gold and auto loans.