About the Company
The middle and lower-income group makes for a massive lending market where the need for microloans has been growing at a phenomenal speed. Consequently, there is an ardent need for reliable lending platforms to cater to the mid-income demographic.
SmartCoin is India’s most trusted lending platform that offers short-term credit at any time, anywhere. Mostly targeting the mid-income groups, SmartCoin offers loans up to Rs 70,000 with easy repayment tenures ranging from 91 days to 270 days with minimal documentation.
SmartCoin has been disrupting the archaic lending business in India by providing credit to a massive underserved segment and tapping into the potential of microloans. The annual credit demand for microloans ranging from $100 to $250 (Rs 7,000 to Rs 18,000) is pegged at $51.4 billion.