Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Industry News

| More

MyLoanCare rolls out a free loan portfolio management system

Posted On: 2018-12-19 13:24:58

Aiming to change the lending game by providing borrowers with in-depth and real-time information about their financial health, MyLoanCare.in, India's most convenient, transparent, and trustworthy technology-driven digital marketplace for availing loans and credit cards across 1100+ servicing locations, has introduced a free loan portfolio management system. The new feature will provide its customers access to both Credit and EPF reports within a matter of minutes, in order to double check their financial well-being before applying for loans.

While the credit report shows one's ability to get loan, borrowers, especially the salaried individuals must also access and regularly check their EPF report to keep a tab on their savings to meet any unplanned expenses. The twin reports can provide insights in terms of one's ability to arrange for funds using their savings or by taking a loan for any planned or unplanned expense at different stages of life. These expenses may go towards fulfilling their ambitions like travel, buying / building a house, quality education for their children, marriage or meeting emergency expenses like medical bills.

MyLoanCare.in leverages its technology-enabled loan portfolio management system to recommend its customers the best ways to reduce their interest costs and get the loans at favorable rates, when required. Sharing an insight about launching the free service, Mr. Gaurav Gupta, Co-founder and CEO, MyLoanCare.instated, "Till date, a Credit Report was considered the single most significant tool for evaluating the credit worthiness of an individual in getting loans at favorable rates. However, many tend to lose hope when their loan applications get rejected due to low credit scores. The Indian government has allowed salaried professionals to take loans out of their PF account for managing urgent financial situations but the same remains under-utilized due to lack of ease and awareness in accessing the report. Many a times when people switch jobs, EPF may or may not be correctly transferred or reported, thus making it essential to check the statement."

He added, "Cross-checking the detailed EPF statement can help people know the amount they are eligible to withdraw to meet various personal expenses and allow them to plan for their retirement. We, at MyLoanCare.in, ensure that our customers are getting an easy access to both the EPF and Credit statements simply by logging in and verifying their mobile number mentioned in their UAN records."

Equipped with cutting-edge and customizable technological tools, MyLoanCare.in enables its customers to avail credit tailor-made to suit their eligibility at comparatively nominal interest rates. Along with ensuring a smooth process throughout by letting customers compare, shortlist and finalize the right loans with no hidden charges, it also helps them plan their budget for future. Standing sturdy with over two million registered users and an impressive customer ratings average of 4.3/5, MyLoanCare.in has already disbursed loans worth Rs. 2000 crore to more than 20,000 customers in 700+ cities in India. With, the initiative, the company aims to move ahead with its vision of enabling Indian borrowers with easy access to customized loans with reduced interests and EMIs all over the country within the next five years, thereby eliminating the hassles that traditional banking brings with itself.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Rivigo raises USD 65 Mn from Warburg Pincus and SAIF Partners

Satishwar Balakrishnan appointed CFO of Aegon Life Insurance

GoAir spreads wings with 7 new international routes

Columbia Asia Hospitals felicitated The Economic Times Best Healthcare Brands 2019

ICAI celebrates Platinum Jubilee & 70th Chartered Accountants Day

TO THE NEW Recognized Amongst 'India's Best Companies to Work For, 2019'

Elara Technologies ranked 34th among India's 'Great Place To Work' for 2019

GST report card on completion of its 2nd year

GoAir inducts 50th aircraft into the fleet

Hotstar scores its largest ever single day reach of 100 Mn

RED Indies - RED FM's initiative to promote Independent Music

GoAir records best 'On-Time-Performance', 9th time in a row

IFO, 2019 - An initiative to make young learners familiar with the art of managing money

Snapdeal announces End of Season Sale

ClearTax launches 'Quick GSTR-9' product for speedy GSTR-9 filing

ICRA reaffirms Apeejay Surrendra Park Hotels Group's Long-Term and Short-Term Ratings

New HFS report recognizes Cognizant for 'Simplifying Healthcare'

National Life Transforms Customer Experience Program with Cognizant

ETMONEY becomes India's first comprehensive financial services app to integrate UPI

India pharmaceuticals market expected to reach USD 73.5 billion by 2023

Engineers Alert: Zomato opens registrations for its 'Trial Week'

Wadhawan Global Capital sells stake in Avanse to Warburg Pincus

ICAI Postpones May, 2019 CA Examinations

MSE 'Financial Inclusion' Drive in Goa in a bid to Boost Participation from Tier II, Tier III Cities & Rural Areas

Vikram Solar commissions 200 MW solar project for APGENCO

Cognizant Names Brian Humphries as CEO, Succeeding Company Co-Founder Francisco D'souza

Harish Natarajan appointed as the new President and COO of Strand Life Sciences

ICAI Celebrates Platinum Jubilee Annual Function

ICAI signs MoU with Invest India to promote Foreign Investment

Tata AIA Life Insurance celebrates the Centennial Year of AIA

Twenty14 Holdings Marks Entry into Switzerland with new IntercityHotel at Zurich Airport

ICAI signs MoU with ICPA of Kenya

Sathguru Management Consultants advises Pravesha Industries to divest majority stake in Crest Cellulose to Roquette Freres, SA

Saurashtra Freight Pvt. Ltd. charts out growth strategy

Toffee Insurance announces India's First Cyclist Insurance

Whitecaps flags of their 6 month excellence program in cake making

Home Credit India offers attractive customer-focused schemes across Lenovo and Motorola smartphone range

Auto LPG sector grows impressively; clocks 14% growth in sales

'India Cold Chain Show 2018' showcases innovative cooling solutions in Mumbai

ZestMoney partners with Xiaomi to provide financing options at Mi Home stores

Jana Small Finance Bank launches Jana Bankable Debit Card

GoAir announces Kannur as its 24th domestic destination

InterGlobe Foundation initiates Heritage Restoration and Waste Management In Rajasthan

eMudhra becomes an Executive Member of the Cloud Signature Consortium

ECGC chairs meeting of CEOs of ECAs of Asia Pacific Regional Cooperation Group in Mumbai

Fincare SFB posts 99 percent AUM growth, Rs.42.3 crore profit in H1 FY 2019

Future Generali India Life Insurance introduces a new age ULIP, Future Generali Big Dreams Insurance Plan

Honda 2Wheelers India drives Skill India Mission in Tamil Nadu

Indian biosimilar market to be worth $40 billion by 2030

Rane NSK Opens New Facility for EPS at Gujarat







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019