Finway Capital records Rs 14 crores in its loan book

Finway Capital records Rs 14 crores in its loan book

New Delhi: In the first quarter of the fiscal year, 2018-2019 ends, Finway Capital, India’s leading non-banking financial company (NBFC), records 14 crores in its loan bank until now. The company intends to cross it up to 35 crores by the end of this fiscal year. It’s easy for the borrowers to get the much-needed credit through simple documentation and processing at Finway Capital.

Finway has also reported that the number of collateral loans is higher than others at the start of this financial year. These collateral loans have lower interest rates and lesser risks involved which a salaried worker, as well as a small entrepreneur, can easily afford.

Therefore, loan amounts are not only secured for the company but also offer plenty of benefits for the individuals and companies. With zero NPAs from the last few years, Finway also recorded 20 per cent more growth month by month and 700 per cent annual growth.

Finway capital also plans to launch a new range of financial services, including Insurance, DEMAT, and Advisory, etc. These services would help Finway to broaden its customer base and offer them a full-fledged pack of financial services.

To “Empower People Financially”, Finway will soon launch Financial Freedom App in coming few months. The app will make it easier for people can directly contact the team Finway. Whether it is about making any service request or to get relevant information, the app will give them quick assistance.

A survey reported that nearly 76% of the Indian population lack financial literacy, which surely is not a good sign for the nation. To decrease this rate until the end of this fiscal year, Finway Capital plans to hold know-how sessions and seminars free and open for all.

“As many working professionals and salaried youth are not really aware of a plethora of financial services and its benefits, we are planning to organize seminar, webinars, and other campaigns to increase financial literacy amongst the population as a part of our CSR activity,” says Rachit Chawla, Founder and CEO, Finway Capital.