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RULoans Launches App To Facilitate Loan, Credit Card Sourcing
The company will integrate over 20 leading Banks, NBFCs and Fintech into Ruconnect within this financial year. RUConnect has more than 30 per cent active partners at a given point in time.
Photo Credit : PTI
RULoans, a retail loans distribution company, has rolled out the RUConnect app to facilitate loan and credit card sourcing.
Products distributed by RUConnect include personal loans, home loans, credit cards, business loans (for MSMEs), etc.
The digital platform is accessible through RUConnect mobile app, which will be downloaded from IOS and Android.
To further increase credit solutions and network of lenders, the company will integrate over 20 leading Banks, NBFCs & Fintech into Ruconnect within this financial year. RUConnect has more than 30 per cent active partners at a given point of time.
"With a robust digital backbone equipped with an indigenous business rule engine, Cibil Bureau, and an advanced ERP system, Ruconnect delivers an end-to-end seamless customer onboarding framework for its channel partners. The company said that it also offers facilities such as faster creditworthiness evaluation of prospective borrowers, real-time updates on loan processing, quicker turnaround on loan applications, cross-selling of various loan and credit card products, as well as an opportunity to diversify the revenue generation model for all channel partners.
Ruloans' partners and advisors can sign up on the app by following a simple KYC verification process, which is facilitated by Digilocker. For the lenders, it offers opportunities to engage with a large number of loan partners and advisors in one place. For borrowers, RUConnect provides easy loan approval, processing, and convenient access to a wide range of credit solutions.
Kaushik Mehta, Founder and CEO, Ruloans said, “With the launch of the app, we intend to leverage the new-age digital technologies and applications to unfold loan origination and disbursement opportunities for the loan partners as well as for Banks, NBFCs & Fintech companies across India. Our vision is to help our partners efficiently meet the credit requirements in the market and develop RUConnect into a trusted, futuristic and the-enabled online marketplace and one-stop destination. By bringing in transformative impact in terms of convenience and agility, we will continue to build our portfolio of channel and lending partners to expand our offerings and geographical footprints.”