RattanIndia Enterprises, which recently made a foray into the fintech business, hopes to have tie-ups with all the banks before the end of the following financial year. The fintech platform of the organization, BankSe, has a game plan with 21 banks and financial firms to offer loan products, as of now.
“Plan is to cover all the banks before the end of next fiscal year. So, we will have every one of the banks offering their products on the platform,” RattanIndia Enterprises chairperson Rajiv Rattan told PTI.
The two-wheelers and personal loans get approved in about two minutes, he said, more products would be onboarded going forward because the idea is to make it a full marketplace for all financial products.
Also, he said, the platform provides an opportunity to compare the best offers to clients.
“This is something where our capital is not at risk and credit score check and lending to be done by the financial institution. Lending is done by banks or financial institutions according to the RBI guidelines,” he said.
Clients can have the convenience of logging onto the application or site and transferring imperative documentation digitally to experience outcomes in real, quick time. As an additional feature, any client using BankSe will actually want to get a personalized credit score, entirely free of cost.