New Delhi | 27th January 2020: Finway, India’s leading Non-Banking Financial Company (NBFC) is helping aspiring entrepreneurs to accomplish their business goals through becoming Finway’s channel partner. Recently, for the ease of the agents associated or who want to become a Finway loan agent, the NBFC has launched Finway Loan Assist for Partners (FLAP) app which can be downloaded from Google Play and App store. FLAP is also available on the web.  

After registering themselves on FLAP, agents can digitally process loans across four categories, including home loan, business loan, loan against property, and personal loans within minutes. All the information regarding application and verification is provided to the agents in real-time. With every successful loan process and disbursal, the agents earn between 0.50% to 3% per cent of loan amount disbursed. The money gets credited into the app wallet, which can then be transferred to one’s personal bank account. In addition, for gender equality, special schemes and incentives are devised for women entrepreneurs.   

The objective behind FLAP is to consolidate the market, easily reach loan seekers, and provide them with quick loan solutions in a transparent manner. As Finway serves all from banks to private investors, borrowers can access the services of Finway through the agents registered on the app. This instant credit service on the app is presently available only for the agents working in loan disbursal vertical but soon it will be introduced to other financial products such as insurance, investment, credit cards, etc.

Another major objective of FLAP the purpose is to enable individuals, especially youths, with opportunities to grow money. As the app has a simple interface and 24×7 customer support, anyone who has basic financial knowledge can associate with Finway as its loan agent and begin earning. Moreover, Finway offers online training for all agents to make them self-reliant as well as customer proprietary.

At the launch of FLAP, Rachit Chawla, Founder & CEO, Finway, said “Finway is committed to financially empower people in India and help them achieve their financial goals. To reach them, we need trustworthy faces that represent Finway and embody its values. With this app, we aim to strengthen our relationships with the existing partners by providing them with ease and convenience at work. Also, we’re targeting 1000 active partners across PAN-India by the end of the year 2020All in all, FLAP creates a win-win situation for loan seekers and agents.

Incorporated in January 2017, Finway is consistently witnessing 20 per cent month-on-month growth along with zero NPA, which is another remarkable achievement for an NBFC startup in the current market scenario. Finway has tie-ups with 50+ financial institutions in the country to provide its customers (individual and startups) with a holistic range of services under a transparent operational mechanism involving cutting-edge digital technologies like AI, ML, Programmatic, and various customised software.  

On the other hand, regarding the loan to startup and SMBs, Rachit said, “Capital is the fuel to run any business organisation. But unfortunately, in India, most of the entrepreneurs lack the funds to start a business of their own despite holding sharp business acumen. With the sole motto of ‘empowering people financially,’ i.e., to fulfil the financial needs of the people, on-time, and every-time. We are helping these entrepreneur minds get adequate funds and make it big in the industry with the immense creativity and talent that they hold within.”

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