1. Finance Buddha sets Rs 2,000 crore consumer loan target for 2016-17

Finance Buddha sets Rs 2,000 crore consumer loan target for 2016-17

Finance Buddha has set a target of Rs 2,000 crore consumer loan disbursal for 2016-17. The company, which offers personal loan, business loan, home loans and loan against property, has crossed disbursal of over Rs 100 crore of consumer loans in May 2016.

By: | Published: June 9, 2016 4:21 PM

Finance Buddha has set a target of Rs 2,000 crore consumer loan disbursal for 2016-17. The company, which offers personal loan, business loan, home loans and loan against property, has crossed disbursal of over Rs 100 crore of consumer loans in May 2016.

“We are using our omni channel distribution strategy coupled with a huge technology multiplier which helps in seamless matchmaking and recommendations to consumers and insights to our employees and our associate network,” Parth Pande, co-founder and CEO, Finance Buddha, said

Started in 2012, the company has physical infrastructure across 12 cities in India, and has originated loans upwards of Rs 1,000 crore in 2015-16 making it one of the top three loan syndication companies in India and the largest loan facilitation company in South India. It originates over 5,000 applications a month, and works with over 20 banks and NBFCs across the country.

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