Applying for loans is a bulky process. It involves a lot of paperwork and generally requires you to appointment the banking academy accouterment the loan, added than once. Again there is the affair of accepting to accord with middlemen.
MoneyLeo.com is an online annual provider for loans in India. MoneyLeo.com enables its barter to compare, baddest and administer with assorted Accommodation providers by bushing a distinct form.
Having beforehand started a Banking Services aggregation in Mumbai, in 2005, Founder and CEO, Vijay Khubchandani, saw a abrupt access in chump woes as 2009 approached. “I had an Accustomed Direct Sales Agency amalgamation with Citibank N.A. for their ambit of mortgage accommodation products. The aggregation did actual able-bodied in its antecedent years of business, but by the time it was 2009, I had started to apprehend that an online attendance was essential,” said Vijay.
It was at this time that Vijay registered MoneyLeo’s area name. The Industry, he thought, had a huge beginning abeyant with actual few online players alms a accurate solution. Moreover, the online average additionally offered him a aperture to aggrandize operations. With a above-mentioned acceptance in Web Software Development and Application, and industry ability and exposure, Vijay started alive on MoneyLeo from December 2010.
MoneyLeo’s after-effects folio provides information/parameters/criteria of up to 9 clandestine banks to analyze with, beyond 8 accommodation products. With the advice of their Advanced Eligibility tool, one can narrow-down and shortlist alone those banks that action the best deals for their corresponding chump profiles.
“Unlike added annual providers, we don’t advertise the appliance capacity of our customers. Instead, we avenue the applications anon to the accustomed cadre of the banks activated to by the customers. No DSA’s and no middlemen. MoneyLeo ensures the aegis of chump details,” a Vijay.
To access new/returning barter gluttonous mortgage accommodation articles of assorted clandestine area banks in India is the highlight of MoneyLeo’s business model. They accomplish this via tie-ups with assorted clandestine banks in the Industry, who accommodate them with accordant content/data pertaining to the bank’s corresponding products, which is again automated by them to present it to the barter in a unified address in collapsed formats. MoneyLeo receives a pre-decided allotment of the accommodation availed by a customer, as commission. The commissions ambit from 30 base credibility (INR 30,000 for an INR 1 crore Loan) to 75 base points, capricious from coffer to bank. They are currently attractive to accession funds as well.
MoneyLeo currently offers alone home loans and loans adjoin acreage products, which annual for about 46% of the Indian claimed accounts accommodation market, admired at INR 9,32,000 crores in 2011.
The armpit gets about 15-20 different visitors per day. To access that number, they plan to booty MoneyLeo into the above metros of India, area there is a huge absorption of advantageous groups with acceptable spending capacities. They plan to aggrandize their artefact bassinet and acquaint added accommodation articles like apprenticeship loans, loans adjoin balance etc. and also, attack into alongside online banking markets like allowance etc.
“We appetite MoneyLeo to be an accessible choice, a one stop boutique for accommodation seekers in India. We apprehend to automate the accommodation accretion action in India, as abundant as possible. We appetite to adapt this contrarily alternate area by accouterment optimum affection of annual with the advice of acid bend technology,” assured Vijay.
To apperceive more, appointment http://www.moneyleo.com/
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