Loan Frame is an advanced fin-tech company that aims to revolutionise small business lending in the subcontinent through cutting edge technologies and automation. We use proprietary technologies to originate, underwrite and distribute small business lending products. We are building the largest lending marketplace to connect SMEs with lenders.
Where do we begin? For starters, we are a platform/marketplace that brings together banks, non-banking financial companies and other lenders. Our application process is quicker, easier and fully transparent. Also, we run independent credit and risk assessments to ensure borrowers get the best deal. Our underwriting process combines technology with a deep understanding of India’s SME credit scenario to deliver better-priced and more flexible credit that a bank’s standardised loan products can’t match.
We deliver faster reviews and appraisals, follow a transparent system (yup, no hidden fees!) and we offer competitive rates. Our proprietary algorithms can match you with the right lender and with our strategic partnerships we can move the process along faster. Competitors may need a loan to catch up and we would be happy to help them too.
We provide both secured and unsecured loans. For secured loans, our lenders accept all kinds of property and equipment as collateral. Our lenders also provide loans against your security holdings such as shares of listed companies and bonds.
The preliminary rate check takes less than a minute. After that, our online application form takes just under 20 minutes. Paperwork is minimal; supporting documents can be scanned and uploaded or you can give us access to your digital repository. If your paperwork is in place, we can move the loan process very quickly. Your haircut probably takes a longer time than our loan application process.
We access a lot of online data to minimise physical paper documents. We we even encourage borrowers to submit their bank statements online. Typically, we need the principal promoter’s ID and address proof, proof of establishment, statements of bank accounts and loan accounts, income proofs, apart from other documents, which may vary for different loan types.
Astrology. No, just kidding. We firmly believe that the potential of a business cannot only be determined by a traditional credit score, which takes into account past credit performance and current debt. Our score uses numerous other sources of data to arrive at a more complete composite of every borrower.