Audience
Professionals wanting a solution to manage loans for various financial needs
About Loanbaba
Loanbaba is an Indian online lending platform offering instant personal loans with approval and disbursal in as little as 15 minutes. The application process is entirely digital and paperless, utilizing RBI-approved video KYC for customer verification. Borrowers can select flexible repayment tenures from 3 to 18 months, with interest rates starting at 18% per annum. Loanbaba collaborates with RBI-registered and regulated Non-Banking Financial Companies (NBFCs) to provide these loans without requiring collateral. The platform offers a mobile application for Android devices, enabling users to apply for loans, track applications, and manage repayments seamlessly. Eligibility criteria include being a salaried individual aged at least 23 years, with a net monthly income of at least ₹25,000. Loanbaba ensures the security of user data through encrypted connections.
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The following modules are included:
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- Back-office - the core of the platform to manage incoming loan applications, service disbursed loans, configure the loan product catalog, built-in dashboards and more.
The platform automates the lending process throughout all the stages:
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Capital Now
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RapidPaisa is an instant loan app with approval and disbursement in as little as 30 minutes. The application process is entirely app-based, requiring only an Aadhaar card, PAN card, and a selfie, with no need for a credit score. Eligible applicants are individuals aged between 22 and 59 years, with a minimum monthly income of ₹10,000, including both salaried and self-employed individuals. Repayment tenures range from 3 to 12 months, with interest rates starting at 1% per month. The platform charges a processing fee starting at ₹349, with no membership or upfront fees. RapidPaisa ensures a transparent and secure borrowing experience, utilizing advanced IT systems and maintaining cost transparency. The service is designed to address various financial needs, such as bill payments, medical expenses, travel costs, and vehicle repairs, providing a reliable financial solution for users across India.
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Fibe
One solution for all life’s big and small upgrades. From planning your dream birthday trip to learning a new skill, you can do it all with a Fibe loan. It’s quick, safe and simple. You can sort out your finances anytime, anywhere, no questions asked. Fibe is India's largest instant personal loan and salary advance platform, offering quick cash loans of up to ₹5 lakhs directly into your bank account within minutes. The application process is entirely digital, requiring minimal documentation, and provides instant approval. Fibe's personal loans are collateral-free, with flexible repayment tenures ranging from 3 to 36 months. The platform also offers an EMI calculator to help users determine their monthly installments based on loan amount, interest rate, and tenure. To be eligible, applicants must be between 19 to 55 years old, with a minimum in-hand salary of ₹25,000 per month, and be residents of India.
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Pricing
Starting Price:
Free
Free Version:
Free Version available.
Integrations
No integrations listed.
Company Information
Loanbaba
Founded: 2015
India
www.loanbaba.com
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Product Details
Platforms Supported
Cloud
Android
Training
Documentation
In Person
Support
Phone Support
Online