The lending platform has a minimum net owned fund of Rs 20 million and over the past few four years, it has disbursed over 57,000 loans, aggregating to over Rs 620 million. The company aims to hit a monthly loan disbursal rate of Rs 1 billion in the next 18 months.
According to AnyTimeLoan.in founder Keerthi Kumar Jain, what makes it an attractive proposition is that investors and borrowers are not charged any registration fee, and the company earns its revenue only when investors get their money back along with returns.
Commenting on the NBFC
certification, Jain said, " Our primary goal of enabling millions of Indians to experience financial independence by facilitating instant loans for them is enroute to becoming a reality. This is a very significant milestone for our company as it further strengths the trust our investors and borrowers have on us."