by Bengaluru, India – Navi Technologies, a leading digital lending platform, has announced that its NLC Platform has disbursed over Rs 1,900 crore in personal loans in the first quarter of 2023. The platform has disbursed loans to over 2 lakh borrowers across India.
The NLC Platform is a cloud-native platform that enables co-lending and direct assignment for personal loans. The platform has partnered with over 20 banks and NBFCs to offer loans to borrowers.
“We are excited to see the strong growth of the NLC Platform,” said Sachin Bansal, Co-founder, Navi Technologies. “The platform has helped us to reach a wider range of borrowers and offer them competitive loan terms.”
“We are committed to providing access to affordable credit to all Indians,” said Bansal. “We believe that the NLC Platform will play a key role in achieving this goal.”
The NLC Platform has seen strong growth in recent months. The platform has disbursed over Rs 1,900 crore in personal loans in the first quarter of 2023, up from Rs 1,200 crore in the same period last year. The platform has also seen a significant increase in the number of borrowers, with over 2 lakh borrowers disbursing loans in the first quarter of 2023, up from over 1 lakh borrowers in the same period last year.
The growth of the NLC Platform is a testament to the increasing demand for personal loans in India. The platform has helped to make personal loans more accessible to borrowers, and it has also helped to improve the terms of personal loans. The NLC Platform is likely to continue to grow in the coming years, as the demand for personal loans in India continues to grow.
Key takeaways from the story:
- Navi Technologies’ NLC Platform has disbursed over Rs 1,900 crore in personal loans in the first quarter of 2023.
- The platform has partnered with over 20 banks and NBFCs to offer loans to borrowers.
- The platform has seen strong growth in recent months.
- The platform is likely to continue to grow in the coming years.
Implications of the story:
The growth of the NLC Platform is a sign of the increasing demand for personal loans in India. The platform has helped to make personal loans more accessible to borrowers, and it has also helped to improve the terms of personal loans. The NLC Platform is likely to continue to grow in the coming years, as the demand for personal loans in India continues to grow.
The growth of the NLC Platform is also a sign of the growing importance of co-lending and direct assignment in the Indian lending market. Co-lending and direct assignment are two ways of lending money to borrowers that involve multiple lenders. These methods of lending are becoming increasingly popular in India, as they allow lenders to share the risk of lending money to borrowers.
