Rupee112, a Gurgaon-based fintech startup, has introduced India’s first fully automated loan disbursal service through WhatsApp, enabling salaried professionals to access unsecured loans instantly.
Key Highlights
Digital-First Lending Innovation:
- Rupee112’s service represents a shift in the fintech sector toward fully digital lending solutions.
- The service leverages artificial intelligence (AI) and machine learning (ML) to streamline the entire lending process—eliminating paperwork and significantly reducing approval times.
WhatsApp-Based Loan Disbursal:
- Borrowers can secure loans ranging from ₹5,000 to ₹1,00,000 by simply messaging Rupee112’s official WhatsApp number.
- The system performs real-time verification of user details and disburses funds directly into bank accounts within minutes.
Enhanced Financial Inclusion:
- This innovative solution is expected to play a significant role in expanding financial inclusion in India by providing quick, hassle-free access to small-ticket emergency loans, even for individuals with lower credit scores.
AI-Powered Efficiency:
- Rupee112’s AI-driven platform ensures fast verification and secure processing, addressing common inefficiencies in traditional lending methods.
- The platform is designed to empower borrowers by offering flexible repayment options and a fully paperless lending process.
Industry Disruption:
- By integrating automated loan disbursal via WhatsApp—a platform widely used in India—Rupee112 is set to disrupt the unsecured loans market and infuse financial resilience across diverse customer segments.
About Rupee112
- Founded in 2023, Rupee112 is an RBI-registered non-banking financial company (NBFC) focusing on financial accessibility for salaried professionals.
- The company offers instant loan solutions through a user-centric mobile app and now through WhatsApp, providing a 100% paperless process.
- Loans are credited as low-tenure EMI options within 30 minutes of disbursal, with flexible repayment options tailored to individual needs.
- Rupee112 aims to become a major player in the Indian fintech landscape by prioritizing financial inclusion and simplifying the borrowing process without collateral requirements.