• BharatLoan's rapid growth is attributed to its 100% digital and paperless lending experience and use of advanced AI and machine learning technologies to deliver faster and more inclusive financial solutions.
• Introduction of innovative products like Bharat Easy EMI and initiatives in sustainable finance are driving its ambitious expansion plans.
New Delhi (India), June 28: BharatLoan, India's leading full-service digital lender, today announced its ambitious plan to grow its customer base from 20 lakh to over 2 crore by 2026, maintaining the at the same time a 90% customer retention rate.
Founded in February 2023 and headquartered in Okhla, BharatLoan has quickly established itself as a disruptive force in India's financial landscape. The company's 100% digital lending experience has already garnered over 1 million app downloads, making it the fastest NBFC to reach this milestone. This rapid adoption underscores the pressing need for accessible and innovative financial solutions in the market.
Amit Bansal, founder of BharatLoan, explained the company's vision: "Our growth reflects the growing demand for financial services tailored to the unique needs of salaried professionals in metropolitan cities. There has been a significant shift in the way the new generation pursues their dreams, placing a higher value on balanced lifestyles and luxury compared to previous generations, this change has made them more willing to accept personal loans with confidence with hassle-free processes, no collateral requirements and repayment options. flexible, customers are increasingly turning to instant cash loans. At BharatLoan, we leverage advanced technology and a deep understanding of these evolving preferences to drive growth in India's financial services sector. We aim to offer financial solutions. accessible solutions that allow people to achieve their goals in today's fast-paced world.
Central to BharatLoan's expansion strategy is its recently launched Bharat Easy EMI product. This flexible medium to long-term financing option uses an advanced BRE algorithm to assess creditworthiness, considering factors beyond conventional CIBIL scores. This innovative approach allows BharatLoan to expand credit opportunities to a broader segment of the population, further driving financial inclusion.
The company's growth plans are not limited to personal loans. In line with its commitment to sustainability, BharatLoan is developing green loans tailored to solar energy and electric vehicles (EV). This initiative aims to make environmentally friendly options more financially accessible to its growing customer base.
Since its inception, BharatLoan has seen a remarkable month-on-month revenue growth of 25%. The company's team has expanded to 300 employees, reflecting its rapid scaling and operational growth.
BharatLoan's ambitious goal of reaching 2 million customers while maintaining a high retention rate demonstrates its confidence in its innovative and customer-centric lending approach. By combining cutting-edge technology with a deep understanding of customer needs, BharatLoan is poised to continue its disruptive journey in India's financial services sector.
About BharatLoan
Bhara Loan is a financial innovator making waves in the lending industry. Since launching in 2023, they have been dedicated to simplifying access to financial resources, particularly for salaried professionals in major cities. They leverage modern technology to provide a completely digital, seamless and hassle-free lending experience. Financial inclusion is a core value for Bharat Loan. They believe that everyone deserves a fair opportunity to access the resources they need. Transparency and security are paramount and they are committed to responsible practices that contribute to a greener future. By offering faster and more affordable loan options, Bharat Loan enables people to achieve their goals with confidence. For more information visit: BharatLoan.com
.
• Introduction of innovative products like Bharat Easy EMI and initiatives in sustainable finance are driving its ambitious expansion plans.
New Delhi (India), June 28: BharatLoan, India's leading full-service digital lender, today announced its ambitious plan to grow its customer base from 20 lakh to over 2 crore by 2026, maintaining the at the same time a 90% customer retention rate.
Founded in February 2023 and headquartered in Okhla, BharatLoan has quickly established itself as a disruptive force in India's financial landscape. The company's 100% digital lending experience has already garnered over 1 million app downloads, making it the fastest NBFC to reach this milestone. This rapid adoption underscores the pressing need for accessible and innovative financial solutions in the market.
Amit Bansal, founder of BharatLoan, explained the company's vision: "Our growth reflects the growing demand for financial services tailored to the unique needs of salaried professionals in metropolitan cities. There has been a significant shift in the way the new generation pursues their dreams, placing a higher value on balanced lifestyles and luxury compared to previous generations, this change has made them more willing to accept personal loans with confidence with hassle-free processes, no collateral requirements and repayment options. flexible, customers are increasingly turning to instant cash loans. At BharatLoan, we leverage advanced technology and a deep understanding of these evolving preferences to drive growth in India's financial services sector. We aim to offer financial solutions. accessible solutions that allow people to achieve their goals in today's fast-paced world.
Central to BharatLoan's expansion strategy is its recently launched Bharat Easy EMI product. This flexible medium to long-term financing option uses an advanced BRE algorithm to assess creditworthiness, considering factors beyond conventional CIBIL scores. This innovative approach allows BharatLoan to expand credit opportunities to a broader segment of the population, further driving financial inclusion.
The company's growth plans are not limited to personal loans. In line with its commitment to sustainability, BharatLoan is developing green loans tailored to solar energy and electric vehicles (EV). This initiative aims to make environmentally friendly options more financially accessible to its growing customer base.
Since its inception, BharatLoan has seen a remarkable month-on-month revenue growth of 25%. The company's team has expanded to 300 employees, reflecting its rapid scaling and operational growth.
BharatLoan's ambitious goal of reaching 2 million customers while maintaining a high retention rate demonstrates its confidence in its innovative and customer-centric lending approach. By combining cutting-edge technology with a deep understanding of customer needs, BharatLoan is poised to continue its disruptive journey in India's financial services sector.
About BharatLoan
Bhara Loan is a financial innovator making waves in the lending industry. Since launching in 2023, they have been dedicated to simplifying access to financial resources, particularly for salaried professionals in major cities. They leverage modern technology to provide a completely digital, seamless and hassle-free lending experience. Financial inclusion is a core value for Bharat Loan. They believe that everyone deserves a fair opportunity to access the resources they need. Transparency and security are paramount and they are committed to responsible practices that contribute to a greener future. By offering faster and more affordable loan options, Bharat Loan enables people to achieve their goals with confidence. For more information visit: BharatLoan.com
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