Home Credit India Finance Private Limited, one of the fastest growing NBFCs in India, has launched a unique online Mini Cash Loan across India. This is aimed at transforming the market for personal loans of smaller ticket sizes along with increasing credit access for tech and mobile savvy customers.
This will cater to customers who need small loans for taking care of urgent requirements or purchasing a product. The Mini Cash Loan will enable eligible customers to borrow amounts ranging between Rs.1,000 and Rs.10,000. A major differentiator for these loans is that they get approval within only 10 minutes of completing and submitting the online application form. Customers can get instant cash loans without having to talk to a loan advisor or visit any branch. No physical signatures are required and the loan is directly disbursed into the account of the customer through NEFT and RTGS systems.
Customers only need their Aadhar cards while applying for these loans. The customer will have to submit a proof of address only when the present address differs from the one given on the Aadhar card. The company has announced that around 58, 000 registrations have already taken place for the Mini Cash Loans ever since this smart loan product was launched. The Mini Cash Loan is available for all customers and not just existing customers of the company. The applicant has to be a pensioner/salaried employee/self employed professional. The entire application, approval and disbursal procedure can be viewed at the official website of Home Credit India Finance Private Limited.
According to the Chief Marketing Officer at Home Credit India, Tomas Hrdlicka, the company has continually been investing in new technology and strives to offer products to the market which are easy to understand, inherently simple and require minimal documentation. The biggest benefit of applying for a personal loan online is sheer convenience which contemporary customers desire according to him. He added that the mini cash loan is part of the company’s digital blueprint for offering the latest technology based financial products to customers.
Home Credit India has previously launched a mobile app which offers access to information on loans, repayment schedules, due amounts and so on for customers.