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In 2020, the company integrated online pharmacy with its super app. Within it Dhani Doctor, a telemedicine service including instant video consultations with in-house doctors was added. [14] In 2021, Dhani's super-app was rated as one of the best personal loan applications in India by The New Indian Express. [15]
Paisabazaar is an Indian digital loan and credit card platform. [1] It is a part of PB Fintech (formerly EtechAces Marketing and Consulting). [ 2 ] [ 3 ] In 2020, Paisabazaar was India's largest digital consumer credit marketplace, with a 51.4% market share in terms of disbursals.
Navi launched a lending app for instant personal loans in June 2020, [15] [16] in Karnataka. [17] [18] [19] Both CRISIL and India Ratings assigned a credit rating of A ‘Stable’ to the company’s borrowings. Further loan disbursement by Navi finserv has been effectively banned by RBI since Oct 21, 2024 due to compliance issues
Sources. Finance Rate on Personal Loans at Commercial Banks, Federal Reserve Bank of St. Louis.Accessed July 22, 2024. Commercial Bank Interest Rate on Credit Card Plans, All Accounts, Federal ...
As of October 2021, the app had emerged as the largest digital lender in India generating an average of Rs 1500-2000 crores loans per month. [3] On 2 July 2023, a new version of Yono app was launched with the introduction of a new UPI feature which enabled other bank customers to use the app for UPI payments.
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. [5] [6] It was founded in December 2015, [7] [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8]
Other forms of peer-to-peer lending include student loans, commercial and real estate loans, payday loans, as well as secured business loans, leasing, and factoring. [ 8 ] The interest rates can be set by lenders who compete for the lowest rate on the reverse auction model or fixed by the intermediary company on the basis of an analysis of the ...
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