At Friend Loan, we give fast loans at reasonable rates to deserving borrowers. We use Machine Learning to understand the customer and credit rate him/her in real-time. This enables us to have a paperless process and fast disbursals in a few minutes.
Only 20% of India’s population has PAN cards and only about 3% pay income tax. The 80% of the population without PAN cards are practically invisible to banks. And, of the remaining 20%, only the 3% that pay income tax get sufficiently funded by banks. The rest 97% are either unbanked or underbanked. Of this, more than 50% are above the poverty line.
Banks and financial technology haven’t grown as fast as the tech industry. Except for a few efficiency improvements like ATM, e-banking and mobile banking, there is little the banks have evolved over the last several decades.
FriendLoan is a completely fresh look at how lending can be done if we have to design it from scratch today. The result is an ultra-efficient tech lending platform.
Mission: To provide sufficient amount of loan to borrowers at reasonable rates, in the quickest possible time and with the least possible amount of work.
Vision : To be among the top 5 banks in the country by lending portfolio size before 31st December 2025.
Company Details
- Employees
- 48
- Founded
- 2017
- Address
- 12th Floor Right Wing, Bascon Futura Sv It Park,10 - Venkatanarayana Road,india
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- https://friendloan.in/
- Keywords
- nanobusiness, Mircobusiness, smallbusiness, fintech, NBFC, nonbankingfinancialcompany, businessgrowth, friendloan, loan, Businessloan, loanforgrowth, microsmallmediumenterprises, digital, smallbusinesslender, MSMEs, financialservice, finserv.
- HQ
- T Nagar, Chennai , Tamil Nadu
- Competitors
- LoanTap Financial Technologies, SAMPATHI CREDITS PRIVATE LIMITED, Clarium Managed Services, VOICEGEAR NETWORK TECHNOLOGIES PRIVATE LIMITED, Lenditt Innovations & Technologies Pvt Ltd, IppoPay, IDFC FIRST Bank, Grid Dynamics, Telliant Systems, Voicegear Networks Technologies Private Limited.
Friendloan.in Questions
Friendloan.In's website is https://friendloan.in/
Friendloan.In's LinkedIn profile is https://in.linkedin.com/company/friendloan
Friendloan.In has
48 employees.
View email and phone details for 48
employees at Friendloan.In.
Friendloan.In's industry is
Financial Services
Friendloan.In's top competitors are
Loantap Financial Technologies,
Sampathi Credits Private Limited,
Clarium Managed Services,
Voicegear Network Technologies Private Limited,
Lenditt Innovations & Technologies Pvt Ltd,
Ippopay,
Idfc First Bank,
Grid Dynamics,
Telliant Systems,
Voicegear Networks Technologies Private Limited.
Friendloan.In's categories are Financial Services
Friendloan.In's founding year is 2017
