Mumbai, 16 August, 2021 (GPN): For instant Approval /Disbursal of personal loans/home loan/card , Secure Distribution venture Pvt ltd started September 2020, under govt of india startup scheme  has announced that its venture, LoanBazaaronline  is launching instant unsecured & secured  loan disbursals via its loanbazaar webportal application. Apart from the convenience of applying for a loan on-the-go, this application will ensure that loans are processed faster than most financial institutions in the country. The webportal  is hosted on the most secured AWS servers and uses DigiCert Wildcard SSL protection to encrypt all communication between the server and the user. Customers will be able to apply to multiple financial institutions/bank/nbfc  from a single interface with highly competitive interest rates. Also, LoanBazaaronline  has ensured that the application process is completely paperless saving the time and effort of borrowers.

When Mr. Sarfaraz Nawaz, the Founder and Director of LoanBazaaronline.com realized that most borrowers were facing numerous problems while applying for an unsecured loan, he decided to create a process to make things simpler and faster. According to Mr. Nawaz, “Currently, most borrowers are concerned about their loan applications getting rejected either due to a low credit score or a detailed verification process that they are not being able to fulfill. Further, many banks are offering loans are relatively higher interest rates and prefer physical paperwork which can be time-consuming and stressful for a borrower. I decided to use the LoanBazaaronline  platform to create a loan application process that is completely digital, offers competitive interest rates on loans, and provides borrowers with multiple options on the same app.”
With LoanBazaaronline , borrowers can be assured of faster disbursement of unsecured loans, zero upfront bank/nbfc Processing  fees, and a 24×7 customer support team to answer any queries. To apply for a loan on LoanBazaar, borrowers need to download the mobile app, fill the online application form and upload the required documents, and select the loan schemes that they want to apply for. LoanBazaar will ensure that the application is processed as soon as possible and on approval, disburse money within a few hours of applying.
According to the pre-Covid estimates, the unsecured loan market in India is expected to cross Rs.13.8 trillion by 2024. Also, the overall loan market in India is expected to be around Rs.90,000 – 95,000 crores per month. Of this, LoanBazaaronline  expects to gain a market share of around Rs.1000-1200 crores per month. The vision of LoanBazaaronline  is to generate 1lakh + employments till 31.3.2022.
The LoanBazaaronlie app has another important feature. It allows students, housewives, teachers, retired individuals, shopkeepers, and everyone else to register themselves as Business Associates. According to Mr. Nawaz, “While we decided to offer loans instantly to borrowers, we also thought about including people in our growth. Hence, we have launched the Business Associate program where small home  Loan DSA can register themselves as our associate and start earning money by using technology(karza,equfix,score ,banking anylizer, Gst anylizer, income tax anylizer )  support from loanbazaaronline .This can be a win-win scenario for all involved.” Compared to its peers, LoanBazaaronline is the first web portal  application to offer an online platform for all Loan DSAs and a refer-and-earn opportunity. Hence, borrowers can apply for a loan /card and earn money too using the same web portal .loanbazaaronline portal to support local Retail loan Dsa for grow his business at his loacal Area/city loanbazaar also provide Acciendtal insurance up 1 cr ,helath insurance up to 5 lakh, term life insurance up to 10 lakh Business associate office premises Rent for Loan Dsa under support program.Ends