Rupeek is an online lending platform that acts as an intermediary between lenders and borrowers for gold loans. The authenticity of the gold is verified by an agent and a credit risk model is implemented after which the money is transferred to the borrower. It leverages big data analytics and mobile technology to offer financial inclusion solutions to the underbanked population.
PRODUCTS & SERVICES:
Rupeek offers a mobile app that allows both individuals and MSME entrepreneurs to apply for gold loans. It has tied with the Federal bank to offer online gold loans in India. The mobile app enables users to apply and receive loans against their gold within 30 minutes. It also offers loan transfer solutions where the user can send the receipts/pledge cards of their existing gold loans to a Rupeek representative, pay only the outstanding interest, and mark to market as per changes in the gold price.
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Nationalized Banks and Financial Institutions
Provides cheaper credit for borrowers and more value for lenders through credit evaluation tools and reduced operational costs.