New Delhi, 09th December 2019: Finway, India’s leading Financial Services Company sets loan disbursement target of INR 250 crore for the ongoing financial year. Finway is an exponentially growing lending platform that has tie-ups with 100+ financial institutions to provide its customers with a holistic range of financial products like Loan Against Property, Home Loans, Personal Loans and Business Loans involving cutting-edge digital technologies like AI, ML, Programmatic, and various customised software. The company decided to fix a target 150 per cent more than previous year that was Rs. 100 crores (achieved).
Despite the ongoing slowdown, Finway performed exceptionally well in all the major product categories, including Personal Loan, Loan Against Property, Home Loan, Business Loan, Loan for Startups, and Credit Inclusion Loan.
To achieve INR 250 crore target, Finway is aggressively increasing its DSA network and engaging with potential customers on social media. Besides, adherent to its value system and quality policies, the company is always working on improvising their operation procedures to ensure that the borrowers are getting the much-needed credit on time and with utmost ease.
Incorporated in January 2017, Finway is consistently witnessing 20 per cent month-on-month growth which is another remarkable achievement for a new startup in the current market scenario.
From time-to-time, the company has worked closely for the convenience of its customers and the recent arrangements for 24X7 free consultation helpline as well as utilizing the Predictive Intelligence Technology (PIT) to assess the payback capacity of loan seekers/borrowers confirm the same. Along with this, the company is taking regular and true initiatives for bringing innovative technological advancement in the industry and their financial literacy programs on YouTube Channel reflects the commencement of the same.
“Capital is the fuel to run any organization. But unfortunately, in India,most 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,says Rachit Chawla, Founder & CEO of Finway.
Further speaking on the company’s loan disbursement announcement, he says, “At Finway, we provide commission-free investment advisory to our customers, which helps them to take the important financial decisions of their lives with ease and complete awareness.In FY’18-19 we have already facilitated disbursements of Rs.100 crore loans and are aiming at touching the Rs. 250 crores loan disbursal mark by the end of the current fiscal year via a rapidly increasing DSA network and crowdsourcing.”
Mr. Chawla is a Registered Financial Adviser with SEBI. Besides being SEBI registered investment adviser, Rachit Chawla is also a certified Investment Adviser from National Institute of Securities Markets and also a director of Finance& Technology of an accelerator program called Risers Accelerator.