- Festive Season Sparks Surge in Loan Applications as Shoppers Seek Financial Flexibility
- Rupee112 offers loan amounts ranging from ₹5,000 to ₹1,00,000, catering to diverse shopping budgets
New Delhi, September 16th: As India gears up for the year’s biggest festive season with excitement and anticipation, the demand for personal loan requirements is set to see a surge. With an abundance of shopping opportunities and the desire to make memorable celebrations, many consumers will turn to financial solutions to fulfill their aspirations. Rupee112, an RBI-registered lending Non-Banking Financial Company (NBFC), is empowering festive shoppers with quick and hassle-free loans. With a strong track record of innovation and customer-centricity, Rupee112 is poised to revolutionize the loan ecosystem.
A recent report revealed that the September to December period is likely to be an economic powerhouse with the banking sector expected to witness a robust spike in loan applications and disbursals. As per data, in 2023, this festive season led to a whooping 40-50% spike in loan applications, 2X growth in disbursals, and over 10 lakh applications across all the loan-lending platforms in India.
This spike is mostly driven by customers looking to fulfill their festive shopping aspirations and bridge the gap between their budgets and desired purchases. While many consumers plan and save throughout the year, unexpected expenses or unforeseen needs can leave them falling short. This is where quick and accessible loan options become crucial.
“We understand the importance of the festive season in India and the financial pressures that come with it. Our quick loan offerings are designed to provide customers with the financial flexibility they need to fulfill their shopping lists, without the burden of lengthy paperwork or high interest rates. In line with our commitment to financial inclusion, Rupee112 offers loan amounts ranging from ₹5,000 to ₹1,00,000, catering to diverse shopping budgets. During this time of joy and celebration, we understand that unexpected expenses can arise, and our goal is to ensure that financial limitations do not dampen anyone’s festive spirit.“said Vikkas Goyal, Founder, Rupee112.
Rupee112’s aggressive growth strategy, announced earlier this year, aims to achieve Rs 1000 crore in revenue and disburse 3 lakh loans by FY2027. The company has also recently launched its Green Loans initiative, promoting sustainable finance and environmentally responsible lending practices.
With Rupee112’s quick loan offerings, customers can enjoy:
- Fast and hassle-free loan disbursal
- Flexible repayment options
- Minimal documentation
This festive season, Rupee112 is committed to empowering shoppers with the financial freedom they need to celebrate with joy and confidence. By leveraging its cutting-edge technology and customer-centric approach, Rupee112 is set to make a significant impact on the loan ecosystem, providing quick and affordable loans to those who need them most.
About Rupee112
Rupee112, a Gurgaon-based Fintech start-up, leverages technology to provide instant loans and revolutionize financial accessibility for salaried professionals in India. Founded in 2023, the company has experienced rapid growth with its AI and ML-powered lending approach. Rupee112 prioritizes financial inclusion through low-hassle loans, fast disbursal, and a user-centric mobile app, aiming to become a major player in the Indian FinTech landscape.
For more information, visit: Rupee112.com
