- Provides cost-effective financing for solar energy and electric vehicle (EV) solutions.
- Rupee112’s GoGreen initiative supports the Indian government’s efforts to promote EV adoption, reduce carbon footprints, and combat climate change.
- Aims to generate Rs1000 crore in revenue and disburse 300,000 loans by FY2027.
National, June 26th, 2024 – Rupee112, an RBI-registered lending non-banking financial company, has announced the launch of Green Loans, aimed at providing affordable financing for solar and electric vehicle (EV) solutions. This initiative marks a significant step towards promoting environmental sustainability and expanding access to essential financial products, aligning seamlessly with Rupee112’s growth strategy. With ambitious targets to reach Rs1000 crore in revenue and disburse 3 lakh loans by FY2027, this move underscores the company’s robust commitment to both economic growth and environmental responsibility.
Rupee112 is a leading provider of swift and accessible emergency loans, dedicated to assisting individuals in urgent financial need. The Green Loans, introduced under Rupee112’s GoGreen initiative, are designed to empower borrowers to invest in renewable energy sources such as solar power systems and electric vehicles. This initiative supports individual customers in adopting eco-friendly technologies while aligning with the Indian government’s efforts to encourage the adoption of EVs, reduce carbon footprints, and combat climate change.
Speaking on the announcement, Vikkas Goyal, Founder of Rupee112, emphasized the significance of Green Loans: “At Rupee112, we believe in leveraging financial solutions to drive positive environmental impact. Our Green Loans initiative aims to enable individuals across India to embrace sustainable living practices without compromising financial stability.”
Rupee112 operates within a secure and regulated ecosystem, ensuring compliance and prioritizing inclusivity for all individuals. The platform utilizes advanced data-driven technologies, including AI and machine learning, to streamline the lending process, offering faster and more accessible financial services regardless of credit scores.
Rupee112 boasts an in-house tech team dedicated to app development and a proprietary customer management system. The company also leverages multiple account aggregators for swift data analysis and CIBIL checks, ensuring efficient and secure loan processing. Committed to launching innovative loan programs and products tailored to evolving customer demands, Rupee112 is developing lending products customized for specific objectives.
Looking ahead, Rupee112 envisions a future where accessing emergency loans is seamless, efficient, and inclusive. The company strives to be the go-to platform for individuals in need of immediate financial assistance, offering a low time-consuming, paperless, no-collateral, and digital loan process through a self-service model.
