Hyd-based Startup AnyTimeLoan.in Receives NBFC, P2P License from RBI

By SiliconIndia   |   Tuesday, 16 October 2018, 07:22 Hrs
27
cmt right
31
Comment Right
45
cmt right
10
cmt right
Printer Print Email Email


Hyderabad-based startup AnyTimeLoan.in, a subsidiary of startup catalyst T-Hub successfully acquired the Non-Banking Financial Company (NBFC) Peer-to-Peer (P2P) license from Reserve Bank of India. RBI’s recognition from RBI is a strong validation of the startup’s fierce business model, processes and compliance with the RBI guidelines and can reinforce its aim to disburse 100 crore in loans in the next 18 months.

Srinivas Kollipara, CEO, T-Hub, says, “This is a brilliant example of what a business leader can achieve when entrepreneurial aspiration is combined with a vibrant startup ecosystem. T-Hub is proud to have enabled AnyTimeLoan.in in scaling up their business to make inroads into India’s non-banking financial market.”

AnyTimeLoan.in facilitates instant unsecured loans (personal, education and business loans) to borrowers across India. The investors and borrowers are not charged any registration fee, and the company earns its revenue only when investors get their money back along with returns. The recent certification, AnyTimeLoan.in joins a select group of fintech startups who has the NBFC-P2P accreditation.

Speaking on the achievement, Keerthi Kumar Jain, Founder & CEO, AnyTimeLoan.in, comments, “Our primary goal of enabling millions of Indians to experience financial independence by facilitating instant loans for them is en-route to becoming a reality. This is a very significant milestone for our company as it further strengthens the trust our investors and borrowers have on us. We are privileged to be a part of T-Hub, who has been an important catalyst in our entrepreneurial journey, helping us scale and achieve such high-end goals.”

Headquartered in Hyderabad, AnyTimeLoan.in provides a 24x7 loan to working individuals, for the purpose of education, personal and business loans for medium- scale entrepreneurs. Within 15 minutes, if offers loans via its digital platform and uses advanced tools and technologies to ensure real-time decisions on borrowings and lending.



Read more news:



Over 30% of agri funds to empower women farmers: Minister



India's GDP to dip by 2.5 Percent by 2050 due to Changing Weather



SPOTLIGHT
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..