Shubh Loans
Company Type:
Shubh Loans is a financial technology company that operates as a digital lending platform.
Industry:
The company operates in the fintech sector, focusing on providing access to financial services and credit to underserved populations.
Founded Year:
Shubh Loans was founded in 2016.
Founders:
The company was co-founded by Monish Anand, Rahul Sekar, and Anand Barua. Monish Anand has a background in banking and financial services, while both Rahul Sekar and Anand Barua bring expertise in technology and data analytics.
Services:
Shubh Loans provides personalized and affordable credit services to individuals through a user-friendly mobile application. The platform uses alternative data sources and machine learning algorithms to assess creditworthiness and offer suitable loan options to customers.
History:
Shubh Loans was established with a mission to bridge the gap in the credit market by leveraging technology to provide financial inclusion to segments with limited access to traditional banking services. Since its inception, the company has grown steadily and gained recognition for its innovative approach to lending.
Present:
Currently, Shubh Loans continues to expand its customer base and enhance its technology to improve the credit assessment process. The company remains committed to serving the financial needs of underserved communities and promoting financial literacy.
Awards and Recognition:
Shubh Loans has received accolades for its impact on financial inclusion and innovative use of technology in the lending space. The company has been recognized by industry experts and organizations for its contribution to improving access to credit for individuals.
Frequently Asked Questions:
Q: How does Shubh Loans determine loan eligibility?
A: Shubh Loans uses a combination of traditional and alternative data sources, including banking history, transaction patterns, and social behavior, to assess loan eligibility.
Q: What types of loans does Shubh Loans offer?
A: Shubh Loans provides a range of loan products, including personal loans, business loans, and consumer durable loans, tailored to the specific needs of customers.
Q: Is the application process for a loan with Shubh Loans complicated?
A: No, the application process is simple and can be completed entirely through the mobile application. Customers need to provide basic information and supporting documents for loan approval.
Q: How quickly can customers expect to receive funds once approved for a loan?
A: Upon loan approval, customers can typically expect to receive the funds in their bank account within a few working days, depending on the specific loan product.
Q: Does Shubh Loans offer any financial education or guidance to customers?
A: Yes, Shubh Loans is committed to promoting financial literacy and offers resources and guidance to help customers make informed financial decisions and manage their credit responsibly.
These answers are based on general information and may vary based on specific details and terms of service provided by Shubh Loans.