SME

Rubique’s TAB solution to make financing simple for MSMEs

Financial

Fintech player, Rubique is making a strong headway in the country’s lending ecosystem with the launch of its new lending solution, the new TAB (Tech Assisted Business Solution) feature.

The feature designed especially for tablet usage, addresses the above-mentioned concerns effectively as a one-stop transaction platform which handles the lead from origination till disbursement.

In view of the intricacies required in processing SME finance as well as the lengthy forms to be filled up, Rubique has created the TAB solution offering a wide product portfolio. The products on this solution cover low to high risk capital requirement through 5 broad-level product categories of 2 secured – LAP, MEL, 3 unsecured – Micro Business Loan (>5 lac) , Unsecured Business Loan, Commercial Vehicle Finance.

The platform also incorporates the Rubique Advantage feature which brings advance technology propositions like eligibility check through matchmaking algorithm, quick decisioning on the application, real time credit bureau check & real-time status tracking by integrating with financial institutions’ systems. Additionally, the solution also includes advanced technology features like IRIS scan for Aadhar authentication, & generation of credit assessment memo (CAM) along with deviations enabling the credit underwriter to take quick decisioning & reduce the processing time further.

Commenting on the newly-introduced solution Manavjeet Singh, Founder and CEO of Rubique, said, “Our country is home to many small businesses but a majority of them fail to grow due to difficulties faced to get access to finance. The biggest inefficiency of the market is the discovery of the right financial institution willing to lend as the risk appetite for each financial institution varies leading to subjective assessment of the borrower.”

“For the financial institutions, lending without substantial financial data becomes a risky business. We are here to eliminate these barriers and make the lending processes beneficial for both the lenders and the borrowers. Thus, with the help of technology, we have created this solution to ease the complicated lending process, thereby improving and enhancing the customer experience,” he added.

Most Popular

The Red Mark has been established as a news portal to act as a conduit between the booming startup economy and the established, traditional players. Today's startups are tomorrow's small and medium business or large enterprise and we believe that no one can afford to be an island; if both work in tandem they can learn a lot from each other.

Contact Us

Address : 570, first floor, sector 22B , Gurgaon - 122015

Contact No. : 0124-4377494

For Any Query Please write below


Editorial : karma@theredmark.net

Advertisement : hem@theredmark.net

Subscribe to Our Newsletter





CAPTCHA


copy the digits from the image into this box

Copyright © 2016-2017 The Red Mark. All Rights Reserved.

To Top