~Loanwalle.com to focus on Chandigarh, Ludhiana, Ambala, Jalandhar and Amritsar in Punjab~
New Delhi headquartered Fin-Tech Startup; Loanwalle.com added another feather to its cap by expanding its operations in Punjab. Going ahead with its rapid expansion plan, the company invested INR 30 Cr in Punjab while focusing on key cities like Chandigarh, Ludhiana, Ambala, Jalandhar and Amritsar.
Ranked 14th on the GDP index, 46% of population in Punjab comprises of serviced individuals. The city holds great significance for start- ups like Loanwalle.com as the company serves the short-term financial needs of serviced individuals.
Launched in 2018, Loanwalle.com was initiated with an objective of helping salaried individual with their emergency financial needs as the company’s founder Mr. Sachin Mittal came across various situations where people get stuck in a financial crunch and although they require small amount but the urgency of money is so immediate that waiting in long queues to get loan is not a fruitful option. Catering to this immediate need of finance is Loanwalle.com that ensures quick loan approval using its data-driven algorithms and advanced technology system like CIBIL analyzer, data in phone, text, social media connections to simplify loan application and fasten loan sanctioning.
Commenting on the growth prospects in Punjab, Mr. Sachin Mittal, Founder, Loanwalle.com said, “Continuing our expansion drive, we have entered Punjab with our offices across all major cities in the state like Chandigarh, Ludhiana, Ambala, Jalandhar and Amritsar to provide short-term emergency loans.”
Mr. Mittal further added, “We will be investing Rs. 30 Cr in the state over the next one year. Right from the onset, Punjab is showing great potential to be amongst the better states served by Loanwalle.com.”
Incorporated in the year 2018, Loanwalle.com already has offices in Delhi, Mumbai, Pune, Bangalore, Gujarat, Hyderabad, Chennai, Kolkata, Madhya Pradesh and Telangana at present and is speedily spreading its wings in the remaining parts of the country. The fin-tech start-up plans to grow by 200% by 2020 December.
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About Loanwalle.com:
Often salaried individuals fall into the debt trap when having the combination of credit card dues, personal expense bills or just borrowed funds from friends and family which makes default on payments. Loanwalle.com is a digital finance company providing short term emergency loan credit to these salaried individuals with its simplest, fastest and most secure way of lending money. Going beyond the tedious waiting periods and speeding up the process of instant loan approval, the customer gets the funds transferred in just 15-20 minutes.
Website: https://www.loanwalle.com/
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