One of the upcoming NBFCs (non-banking financial company) in India, Finway Capital, has entered into a strategic tie-up with more than 100 financial institutions for offering loans to customers which include both unsecured and secured loans in addition to insurance among other financial solutions. Finway Capital strives to ensure a 24 hour Turn-Around-Time (TAT) for applications.
The NBFC is based in New Delhi and works to offer seamless funding to salaried professionals and small businesses through its digital platform. The company has also unveiled various financial literacy campaigns on YouTube which have managed to attract a high number of viewers. The NBFC already has more than 8, 000 customers under its belt and growth of 20% (month-on-month) is already being seen for the first quarter of FY2018-19. A loan book value of Rs. 14 crore has been achieved by Finway Capital and the target is to scale this up to Rs. 35 crore by the end of the present financial year.
Finway Capital ensures easy access to credit for customers through a simple process of documentation and fast processing. The company strives to be a transparent, accessible and preferred solution for financial services, catering to both SMEs and individual borrowers alike. This new tie-up will ensure better access to more loans across multiple categories for Finway Capital’s customers.