PAISABAZAAR COM

"For some of these companies including Zomato, Paytm, PB Fintech, the glide path to profitability guidance has been more or less met as per the market expectation. In fact, Zomato reported a profit two quarters ahead of the guidance. In Paytm also, ...

Policybazaar IPO received bids for 57,23,84,100 shares against 3,45,12,186 shares on offer, according to NSE data. The price range for the IPO was at Rs 940-980 per share.

While many are aware that a high credit score helps in borrowing money, they are not sure how this works. Many would like to know how much discount in terms of lower interest rate on a loan they can get if they improve their credit score.

Bay Capital, which manages money on behalf of institutions and endowments from the US and the Europe, has infused an undisclosed sum into the parent company PB Fintech of Policybazaar.com.

The consumer survey report 'Dealing with Debt: How India plans to pay EMIs' by paisabazaar.com was undertaken to gauge the impact of coronavirus pandemic on the Indian borrowers' income and loan repayment capacity. It surveyed 8,616 customers with d...

The company will also be focusing on hiring women who have taken long conscious breaks in their professional lives, due to family or other personal reasons.

The portal was launched in November to provide credit of up to Rs 1 crore to micro, small and medium enterprises (MSMEs) in just 59 minutes.

Paisabazaar.com claims to get around 20 million customers on its platform every month and since its inception in 2014, has registered a growth of more than 150% per annum.

The company said that CreditKarma in the United States have a similar feature but claimed to be the first one in India to do so.

Existing investors including Info Edge (India) Ltd also participated in the Series F round, ETechAces, which owns PolicyBazaar and online lending marketplace PaisaBazaar.com.

Along with Bank of Baroda’s 5,500 branches, 5X Rewards range of credit cards will now also be available online on Paisabazaar.com, said the company in a press release.

Paisabazaar launched Mutual Funds on its platform in April, 2016 and has over 20 partners, which includes India’s top asset management companies, on board.

The company has tied up with digital lenders like CASHe, Early Salary, Paysense, StashFin and Shubh Loans to offer this product.

With this partnership the company hopes that it will provide more borrowers a greater flexibility in availing credit and ensure quicker disbursements.

He said that a huge chunk of applications that Paisabazaar receives has customers with lower credit scores, through partnership with Cashe the company will be able to cater to their requirements as well.

“This is mainly because these sectors see spending mostly in cash which people are being forced to postpone because of the currency crunch," said Naveen Kukreja of Paisabazaar.com.

The company, which offers more than 90 products from around 40 financial institutions, has set a target of Rs 25,000 crore of annualised loan disbursal by 2020.

Paisabazaar.com ties up with India's leading banks and NBFCs for offering car loan product to private and commercial customers.

Credit services companies have made the perfect pitch by giving your credit score out for free. But are you well-versed to read the fine-print?