MyMoneyKarma Takes Indian Home Loan And Mortgage Market by Storm With Proprietary Tech Platform

India-based FinTech firm vastly simplifies the complex personal finance industry in India with its latest launch

June 3, 2021, Home Loan, Personal Finance, FinTech

Press Release from: MyMoneyKarma.com

MyMoneyKarma, one of India’s fastest growing FinTech firms, has successfully launched a full-suite digital platform in an expanded range of financial products, which now include everything from Home Loans, Personal Loans and Gold Loans, to Loans Against Property, and Refinancing existing loans. Proprietary technology empowers MyMoneyKarma’s customers to find the absolute best deals, take their pick from the most enticing offers by the biggest lenders, and complete their transaction from their living room at the click of a button. MyMoneyKarma drastically reduces the time to get a loan. What used to take a month can now be completed in a couple of days.

“India has the world’s largest young working population, the next generation of digitally savvy salaried professionals, yet the solutions to their personal finance needs are still clunky, offline and opaque. We at MyMoneyKarma believe that your money should work for you, and not the other way around, and we’ll provide you with the market intelligence, financial expertise, and tech platform to make this happen”, says Siddhartha Shekhar Singh, Co-founder and CEO.

Indian consumers are conducting an ever-increasing range of transactions entirely online. MyMoneyKarma’s simple, streamlined, and secure process is pushing traditionally complex and time-consuming financial products like home loans, mortgages and personal loans into the digital age. Built to guide even first-time borrowers to make financial decisions and transactions like seasoned experts, the process begins with a free analysis of the user’s credit report. When a user chooses to explore any particular product, like a home loan, algorithms determine the options that offer the best terms in the market, and the platform takes care of the entire transaction online, including submission of required documents, resulting in loan approvals that can be as quick as 1 hour.

About MyMoneyKarma

Founded by a group of Stanford alumni with a strong background in banking and technology, MyMoneyKarma has been revolutionizing the Indian Fintech sector and ushering in the future of personal finance. Committed to a social mission of creating a measurable impact on people’s lives, MyMoneyKarma has empowered millions of people to reclaim control over their finances by addressing the 3 biggest issues and barriers in the sector:

1. Low financial literacy means most people applying for loans, mortgages or credit cards have never checked, nor heard of, their credit scores. By this time, the damage has often been done
2. Low information transparency means it can be difficult to know the best interest rates for each customer’s unique profile, the financial providers that offer the best terms, and how to maximize one’s chances of being approved (where a rejection further worsens the credit score)
3. High effort and hassle means one is too hard-pressed to shop around, try multiple options and find the best fit, instead ending up with sub-optimal decisions and a whole lot of wasted time and sweat

MyMoneyKarma’s fully online loan optimization technology helps customers with an extensive range of financial products, delivering the lowest interest rates and comprehensive service at the touch of a button.