Predatory loan apps back in full force
“FACE members are encouraged to display the FACE Code of Conduct on their website and our logo on the app loading screen. This works in the direction of building trust in customers and ensures that lenders follow the COC thoroughly. As the COC is drafted keeping in mind the best interest of customers this brings credibility to lenders,” says Satyam Kumar, chief executive officer of LoanTap, which is a member of the Fintech Association for Consumer Empowerment.
LoanTap Announces Its Debt Listing on BSE, Raises More Than Rs 100 Crore from Diversified Sources in First 5 Months of FY’22
LoanTap, a homegrown digital lender, has announced its debt listing with BSE. LoanTap a digital lending FinTech firm with two in-house NBFC entered the lending industry in 2016. The entity has successfully managed to grow its AUM and disbursed more than Rs. 700 Cr. so far.
Podcast – Maharajas of scale
Catch Mr. Satyam Kumar, speaking on Making Loans User Friendly at Scale LoanTap’s Satyam Kumar enjoyed a happy life as a senior banking executive. As a high-ranking official at IndusInd Bank, he oversaw the development of several products and led large business lines. Satyam was part of the group of executives that saw opportunity unfold. Driving opportunity was the Indian economy that grew at a fast pace between the mid-2000s and the early 2010s.
LoanTap launches a new campaign #LifekaLoadMatLo
With #LifekaLoadMatLo Campaign, we intend to be the loan seekers’ companion. Loan must fit the pocket of the millennials and should come at friendly terms , said Mr Satyam Kumar on launch of new campaign of LoanTap
Online, personal loans light up Diwali shopping
There's 25% increase in loan demands seen during festive season compared to monthly growth. Home furnishing, consumer electronics, high end electronic good have been the focus of purchase
Are you NTC? Help is here
LoanTap featured in the Five FinTechs who leverage data and analytics to provide credit online and boost financial inclusion
Credit Card Balance Transfer vs Loan
On credit cards, the borrower pays 3-4 per cent monthly interest, while in credit card takeover loans it’s about 1.5 per cent monthly interest which is almost half the amount payable,” says Kumar.