LoanXpress: Facilitating Credit for Businesses with Convenience, Effectiveness and Efficiency
From past few years, Indian Fintech market has been witnessing a very positive growth, and is strengthening its roots even deeper with successful uses cases across various financial segments. Government’s promising journey towards Digital India, rising customer’s demands, smart phone penetration have been the significant factors that are driving fintech growth bandwagon, today. However, finding credit for one’s business has always been a pain in the neck for SMEs and especially the ones that are looking for higher loan approvals – Dependency on consultants and chartered accountants while approaching multiple vendors for loans. There are fintech companies who have been catering to various segments such as personal loan, insurance market, but, barely any fintech solution providers are catering to SMEs with suited loan products and services.Understanding every SME’s challenges and delivering solutions accordingly, LoanXpress based in Mumbai with its branch office at Ahmedabad has been striving to make the loan experience easier for SMEs through a seamless funneling right from applying and uploading documents, to evaluation, to sanction and disbursement. LoanXpress is just what its name suggests, an express way for SMEs to drive their loan process home; the company has been especially focusing on catering to the businesses who are struggling to bag in higher amount of loans (5-15 crores).
“Whenever somebody requires a loan, firstly, we go on and handle their balance sheet. So, it’s not completely an online solution, but, we give them advice offline as well. We first analyse the balance sheet, and give them a solution oriented approach wherein, companies are provided with realtime working capital that is required for them. And once they agree to that, we have a tie up with 26 banks and 10 industries on a PAN India basis to further loan process seamlessly. So, one just needs to upload their
documents, and rest is assured. We have mechanism, APIs where we can pull GST data, Edius data, and can analyze bank statements digitally,” highlights Pratap Singh Nathani, CEO, LoanXpress.
Offering Loan Products and Services in Best Rates
LoanXpress software assists businesses to raise capital by providing genuine advice and by sending loan application with the help of technology to multiple bankers using transparent methods of syndicating. As Pratap stated earlier, the company has options to choose from a diverse range of Banks & NBFCs, while also the options to go for various loan products and services. While the most significant fact is making Banks and NBFCs bid for proposal, hence making it a model where businesses will get best deals with lowest interest rates that current market has to offer. Moreover, as security is one of the major concerns, they have also made sure that all data provided by clients are completely safe and secured. Furthermore, if we talk about LoanXpress’ loan products and services, businesses can opt for Secured & Unsecured Loans, Working Capital Loans, Leasing solutions, Loan against securities, Receivable Finance, and can also do online business value for one’s business.
Offering Loan Products and Services in Best Rates
LoanXpress software assists businesses to raise capital by providing genuine advice and by sending loan application with the help of technology to multiple bankers using transparent methods of syndicating. As Pratap stated earlier, the company has options to choose from a diverse range of Banks & NBFCs, while also the options to go for various loan products and services. While the most significant fact is making Banks and NBFCs bid for proposal, hence making it a model where businesses will get best deals with lowest interest rates that current market has to offer. Moreover, as security is one of the major concerns, they have also made sure that all data provided by clients are completely safe and secured. Furthermore, if we talk about LoanXpress’ loan products and services, businesses can opt for Secured & Unsecured Loans, Working Capital Loans, Leasing solutions, Loan against securities, Receivable Finance, and can also do online business value for one’s business.
The company is currently focusing across the top eight cities of India, and also planning to further penetrate into tier-2 and -3 cities. They are looking forward to appoint partners (consultants and chartered accountants) across the country to build stronger associations and bring better deliverability of loan products and services which today’s world of business actually needs.
LoanXpress software assists businesses to raise capital by providing genuine advice and by sending loan application with the help of technology to multiple bankers using transparent methods of syndicating.
