lendingplate Emerges as a Trailblazer in the NBFC Sector with Remarkable Growth and Innovation

National, July 5th, 2024: lendingplate, a pioneering digital lending platform under Unifinz Capital India Limited (UCIL), has swiftly carved a niche for itself in the competitive Non-Banking Finance Company (NBFC) landscape. Established just two years ago, lendingplate has transformed into a leading digital lending solution, leveraging cutting-edge technology and robust financial expertise to cater to a diverse clientele.

Founded on the strong legacy of UCIL’s transformation from Shree Worstex Limited, a company rooted in India since 1982, lendingplate has embraced a future-ready approach. Registered with the Reserve Bank of India, lendingplate offers seamless access to unsecured personal loans up to ₹2,50,000 with flexible repayment options extending up to 15 months servicing more than 5000 pincodes spread across 250 major cities and towns in 17 states.. Its customer base spans salaried professionals, tech-savvy millennials, and individuals new to credit, providing them with instant loan approvals and disbursements in under 30 minutes.

Kaushik Chatterjee, Founder and CEO of UCIL. “At LendingPlate, we are passionate about creating a positive societal impact by democratizing access to financial resources. We are  witnessing a very positive response to our product and services from our customers and shall continue our efforts to benefit them more in the coming days. With a strong focus on technological innovation and rigorous risk management , we empower individuals and businesses alike to pursue their financial aspirations with certainty, fostering inclusive growth and sustainable development across diverse sectors of society.”

lendingplate’s growth is underscored by its robust digital infrastructure, including proprietary algorithms and an advanced risk engine that ensures almost instant loan decisions. The brand has garnered over 5 million downloads of its mobile applications across Android and iOS platforms. Since its inception, lendingplate has disbursed loans exceeding ₹180 crores to over 80,000 individuals, with a significant 35% of customers returning for multiple loans, reflecting high customer satisfaction.

The company’s expansion strategy includes doubling its geographical footprint by the end of this financial year, extending its services to micro-businesses and further enhancing its technological capabilities to ensure seamless operations and customer service.

“As we embark on our growth phase, we are committed to upholding the highest standards of compliance and responsible lending practices,” added Kaushik Chatterjee. “We shall continue optimizing technology in every step of the  lending stack and strengthening our in house  recovery team to sustain our growth trajectory.”

Looking ahead, lendingplate remains optimistic about its future in the fintech sector, poised to capitalize on the growing demand for digital financial services. With plans to disburse over ₹500 crores in the current financial year, lendingplate is set to establish its position as a serious player in India’s digital lending landscape.

About lendingplate: lendingplate, a flagship brand of Unifinz Capital India Limited (UCIL), is a tech-driven Non-Banking Finance Company (NBFC) offering digital lending solutions. Established in 2022, lendingplate has revolutionized the lending experience with its fast, flexible, and customer-centric approach, catering to diverse financial needs across India. 

For more information visit: www.lendingplate.com