Financial technology platform Shubh Loans clocks 50% growth

Shubh Loans has set its sight on bringing over one million people into the formal banking system as part of its mission 2020

Bengaluru-based Datasigns Technologies Pvt Ltd, which runs the financial technology platform Shubh Loans, has recorded 50 per cent growth in the number of loans in the September quarter of 2017 when compared with the previous quarter.

During the period under review, it built a loan book size of Rs 30 crore, serving about 8,000 customers with a negligible non-performing asset (NPA) of about one per cent.

Shubh Loans is a vernacular app helping a growing number of salaried employees (starting from those with Rs 12,000 monthly pay) in getting a loan of up to Rs 3 lakh with a long-term