Advertisement
Tuesday, Oct 26, 2021
Outlook.com
Outlook.com

Finway Capital empowers borrowers with easy access to funds

Finway Capital empowers borrowers with easy access to funds
outlookindia.com
1970-01-01T05:30:00+0530

New Delhi [India], Feb 20 (ANI): Finway Capital, India's first Non-Banking Financial Company (NBFC) that assures 24 hours of Turn Around Time (TAT) on Tuesday introduced predictive intelligence technology to assess the payback capacity of loan seekers and borrowers whose applications are often rejected by financial institutions due to a poor CIBIL score.

Inspired and impressed with Prime Minister Narendra Modi's, 'Everyone is entitled to get credit' mantra, Finway uses Artificial Intelligence (AI) with a human interface model to predict the payback capacity of the loan seeker.

If one's CIBIL score is bad, still he/she still has opportunities because this new methodology works on lenient yet authentic parameters to judge the payback capacity of an individual.

This alternate system is very accurate in assessing the creditworthiness of an individual, minimizing the documentation process and ensuring quick disbursal of loans to people in need.

"We are moving on the same lines of PM Modi's financial inclusion mission that everyone is entitled to get credit. Simple documentation process and instant approvals via fastest online gateways empower Finway Capital to ensure the borrowers with quick and easy access to funds. Although we even provide loans to people without any credit history, we are not burdened with any NPA till date," said founder and CEO, Finway Capital, Rachit Chawla.

"In the next two years, Finway is planning to offer its services in more than ten cities, including the four metros. Simultaneously, people will soon be able to receive all our services through offline loan shops as well," he added.

Finway Capital is working on a motto of 'Making Finance Human' to provide its customers secured and unsecured loans on-time, every-time, and when they need it the most.

The organisation is committed to hassle-free lending to small businesses and salaried employees through a digitally robust system. (ANI)


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: ANI

More from Website

Men’s Boxing World Championships: Dominant Rohit Mor Gives India Winning Start In Belgrade

Men’s Boxing World Championships: Dominant Rohit Mor Gives India Winning Start In Belgrade

Rohit enjoyed an upper hand from the word go defeating Ecuador’s Jean Caicedo 5-0 in the 57kg opening round.

Mahesh Manjrekar: I Am Happy To Tell You All That I Am Now Cancer-Free

Mahesh Manjrekar: I Am Happy To Tell You All That I Am Now Cancer-Free

Actor-filmmaker Mahesh Manjrekar, who underwent surgery for Cancer a while back, has opened up saying that he is now cancer-free.

T20 World Cup 2021: Mujeeb Ur Rahman, Rashid Khan Help Clinical Afghanistan Rout Scotland By 130 Runs

T20 World Cup 2021: Mujeeb Ur Rahman, Rashid Khan Help Clinical Afghanistan Rout Scotland By 130 Runs

Rashid Khan finishes with 4/9 while Mujeeb Ur Rahman got 5/20 as Afghanistan registered their biggest T20 international win in terms of runs.

More from Outlook Magazine

My Name Is Khan: The Face That Launched A Thousand Products

My Name Is Khan: The Face That Launched A Thousand Products

Behind SRK’s lover-boy image lies instability—sensitive to social, cultural and political change.

A Fanboy’s Bollywood: Before And After The Khans

A Fanboy’s Bollywood: Before And After The Khans

How the larger-than-life Hindi film hero of ­yesteryears gave way to the relatable charm of Shah Rukh and the other Khans.

A Passage To India: Shah Rukh Khan Through The Eyes Of His Greatest American Fan

A Passage To India: Shah Rukh Khan Through The Eyes Of His Greatest American Fan

Superstar Shah Rukh Khan has grown beyond the confines of Bollywood and India to find fame and fans worldwide, writes Beth Watkins.

Advertisement

Outlook Newsletters

Advertisement
Advertisement