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Business News » Small Business News

Square Capital hits new milestone, facilitates loan disbursement of $1 bn

Square Capital has strengthened its roots in loan advisory and loan disbursement  

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Square Capital hits new milestone, facilitates loan disbursement of $1 bn
The company on a monthly basis facilitates around Rs 250 to 300 crore of loan disbursement. Photo: Pixabay
Written By: ZeeBiz WebTeam
Updated: Fri, Apr 05, 2019
04:59 pm
Mumbai, ZeeBiz WebDesk
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House loans or a business loans, you always need expert advice about the money to be borrowed. It is always better to seek out to the professionals who offer their help to smoothen out your loan processes. An extended arm of  Square Yards- Square Capital, a real estate investment advisory and proptech startup is one such platform where the firm manages the entire borrowing process for the clients. Post analysing the client's requirements, Square Capital deduces the best unbiased advice, ethical procedures and aids the client till the loan is disbursed. 

Interestingly, the startup has strengthened roots in the integrated mortgage marketplace. Recently, Square Capital crossed a milestone of facilitating loan disbursement of $1 billion (approx. Rs 6900 crore). The company on a monthly basis facilitates around Rs 250 to 300 crore of loan disbursement. 

Since its inception Square Capital has invested heavily in enhancing its technological capabilities and advance the stage of digital mortgage solutions, collaborating with some of the renowned private sector banks. The firm has tie ups with over 95 banking and NBFC partners, with 8000 loans transaction facilitated by  them. Among the loans disbursed by Square Capital, home loans and loans against properties alone contribute to 78% of the business. 

Square Capital boasts remarkable online provision for their clients to offer accurate eligibility of an applicant linked to credit bureau & various banks’ product & credit policies, ability to perform e-KYC of the clients, integration with NSDL & OCR based document reading and direct Integration with Banks’ loan origination systems. Further, their offline performance with an esteemed team of professional advisers who give loan advice, manage the client's documentation, sanctions and assist the client till the loan is disbursed. So to say, the start up provided for an end-to-end fulfillment support

Commenting on the growth trajectory of the company, Tanuj Shori, Co-founder and CEO of Square Yards and Square Capital, said, "This growth is especially remarkable considering the fact that the entire housing finance & NBFC industry witnessed a chaotic period last year leading to liquidity crisis and constraining the opportunities for home buyers. Focusing on maintaining a tech-led asset-light model, while remaining unit economics positive at the transaction level, we further aim towards a double fold growth by the end of FY20."
 

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