Mumbai February 19, 2019: RupeeBoss, India’s most preferred 3600 lending platform has associated with Axis Bank to facilitate seamless borrowing on MyJioapp. RupeeBoss, which has successfully disbursed a total loan amount of INR 25 billion till date, and Jio have developed an AI-driven loan assistance product called ‘The Loan Genie’, which will be integrated in the MyJio app. The move is aimed at giving greater exposure to the lending platform and its highly-evolved credit assistance products among Jio users across the country.
More than 19% of India’s population is still unbanked or financially excluded, sourcing its funds from alternatives such as friends, family, or local moneylenders. The high-interest rates, going up to 70-80% or even more annually, has created a ‘debt trap’ for many.
On the other hand, those who are lucky enough to access a formal source find it difficult to deal with the lengthy documentation and verification process, endless wait, and lack of apathy. Considering the scenario, RupeeBoss has introduced an extremely convenient tool that provides borrowers with complete, detailed information on the loan application process, application status updates, and facilitates loan payments.
The Loan Genie is a video call based bot that will help customers seek answers to all their loan-related queries through interactions and engagement. The bot possesses exhaustive information on various offers from banks and NBFCs across different financial services such as Retail loans, SME loans, Credit Cards, Credit Score, Rectify Credit, Elite Services, and Mutual Funds.
Commenting on the collaboration, Prasannaa Devadigga, Head- Product & Online business, RupeeBoss said, “Since our inception, we have been working seamlessly to ensure we bridge the gap between banks and the end-customers by providing top class, tech-driven services to avail loans. We believe our association with Reliance Jio will be a game-changer within the lending industry, and are confident the video bot-based innovation will become very popular among Jio smart phone users.”
RupeeBoss has attained phenomenal growth as a leading fintech player with pan-India operations across 100 different locations in the country. It is currently associated with more than 58 banks and NBFCs, and has disbursed loans to the tune of INR 12.50 billion during FY 17-18. ‘The Loan Genie’, its flagship product, is world’s first-of-its-kind, AI, and video call-based loan facilitator bot.
To experience Loan Genie BOT:
- Download MyJio app
- Click on JioInteract option in burger menu of MyJio
- Start your video call and chat with actress Nimika Ratnakar
This innovative service uses a powerful artificial intelligence based platform to listen to user questions and respond to them in the most appropriate way. It has a unique auto-learning feature that helps improve the answering accuracy.