FinDoc Finvest Enters Digital Lending Space in India with Short-term Personal Loans

FinDoc Finvest's latest venture into digital lending aims to bridge the credit gap in India by offering short-term personal loans via an innovative, paperless platform. The service targets salaried individuals, self-employed professionals, and small business owners, promoting financial inclusion and economic growth.

New Delhi [India], September 12: FinDoc Finvest, an arm of FinDoc Financial Services, has officially ventured into digital lending in India by launching short-term personal loans. This strategic move aims to provide accessible and affordable credit to underserved individuals, marking a significant milestone for the company.

By entering the digital lending space, FinDoc Finvest seeks to address the credit gap for individuals while strengthening the country's digital lending ecosystem. The platform offers instant loan approvals, quick disbursals, and a seamless, paperless application process. Applicants can apply online via the Findoc website or mobile app, eliminating the need for personal visits and paperwork. The loans, ranging from Rs 25,000 to Rs 100,000, cater to salaried individuals, self-employed professionals, and small business owners with repayment terms of 4 to 6 months.

"We are excited to launch our digital lending platform in India," said Hemant Sood, Managing Director of FinDoc Finvest. "Our goal is to provide easy access to credit for those who need it most, promoting financial inclusion and economic growth." Sood emphasized that innovation, technology, and customer-centric approaches are vital for the long-term growth and sustainability of the digital lending sector.

FinDoc Finvest's platform leverages robust technology and data analytics to offer a secure and efficient experience for customers. Its data-driven approach ensures accurate risk assessment, making the lending process more transparent. As India's digital lending landscape evolves rapidly, driven by technological advancements and increasing consumer demand, the balance between innovation and regulatory compliance will be crucial for sustained trust and growth in the sector.

Founded in 2010, FinDoc is a leading financial services provider in India, offering a range of services from algo trading to mutual fund investments. It is a member of significant stock exchanges, including NSE, BSE, MCX, and NCDEX, and provides depository services through NSDL.

(With inputs from agencies.)