Urban Money is a prominent fintech company in India, dedicated to simplifying financial services for its customers. Established in 2015 as the fintech arm of Square Yards, Urban Money has rapidly expanded its reach, now operating in over 250 cities across the country.
Services Offered
Urban Money provides a comprehensive range of financial products and services, including:
• Home Loans: Assisting customers in securing housing finance with competitive interest rates.
• Personal Loans: Offering unsecured loans tailored to individual needs.
• Business Loans: Supporting entrepreneurs and businesses with necessary funding.
• Loan Against Property: Enabling clients to leverage their property for financial needs.
• Financial Calculators: Providing tools like EMI calculators to help customers plan their finances effectively.
Technological Integration
Urban Money leverages advanced technology to enhance the customer experience. Their platform digitizes the entire mortgage process, incorporating AI-based credit assessments and e-signatures to streamline loan approvals. This approach ensures a seamless and efficient service for clients.
Expansion and Growth
In the fiscal year 2022-2023, Urban Money facilitated loan disbursements amounting to approximately ₹15,370 crore. Building on this success, the company aims to double this figure, targeting ₹30,000 crore in home loan disbursements for the current financial year. To achieve this, Urban Money is expanding its presence in Tier II and III cities through the Urban Money Business Partner Program, strengthening its network of over 200,000 offline channel partners.
Conclusion
Urban Money’s commitment to integrating technology with financial services has positioned it as a leader in India’s fintech landscape. By continually expanding its services and reach, the company strives to make financial products more accessible and user-friendly for all.