IVL Finance Limited, a 100% subsidiary of Indiabulls Ventures Ltd has developed a mobile app for instant personal loan disbursals to new customers. It is an innovative product, first of its kind, where a personal loan is disbursed in a matter of 3 minutes. Backbone of app is unique Aadhar number of customer, which is further linked to customer’s bank account & PAN. App will transform personal loans’ lending with Aadhar enabling crucial elements such as e-signature, e-payments, online EMI repayment mandates & online customer verification.
Advanced analytical tools developed by Indiabulls, allow construction of credit & behavioural scorecards & customer is given an Indiabulls score which determines loan approval & interest rate to be offered. All this analysis happens in minutes. App will be tested through offerings to select customers from tomorrow onwards & will have a pan-India commercial launch shortly.
Shares of Indiabulls Ventures Limited was last trading in BSE at Rs.288 as compared to the previous close of Rs. 285.6. The total number of shares traded during the day was 1270261 in over 11058 trades.
The stock hit an intraday high of Rs. 296.9 and intraday low of 284.15. The net turnover during the day was Rs. 368203991.