Urban Money Aims Higher in FY24 

October 12, 2023


Urban Money, the fintech division of Square Yards, has announced that it anticipates the facilitation of Rs. 30,000 crore in home loan disbursements in the present financial year.

Urban Money is presently functioning throughout 250 cities and has already facilitated disbursals of around INR 15,370 crore in the last financial year via several channels, including housing finance companies, banks, and non-banking financial companies (NBFCs). Facilitating home loan mortgage transactions involves various steps including taking care of complex decisions related to valuation, comprehensive documentation, strict regulations, and also requires sizable expertise throughout the entire real estate value chain according to the company.

The founder and & CEO at Square Yards, Tanuj Shori, stated that the company first identified a major gap in the market in 2019. He also added that the company has cracked the space successfully over the last four years, emerging as the country’s biggest mortgage market. Urban Money comes with a smooth home loan experience for customers via the technology platform that completely digitizes the whole mortgage procedure, inclusive of e-signatures and AI-based credit assessments.

Urban Money is scaling up its presence in India, expanding into Tier-II and Tier-III cities with its Urban Money Business Partner Program. This is aimed at enhancing its network of 200,000 offline channel partners. The Urban Money partner app has already received 15,000 sign-ups and provides digital access to channel partners, including streamlined bank logins, exclusive offers, real-time credit checks, and higher visibility into the details of the loan.

To learn more about the coverage, visit the links below:

The Economic Times: https://bit.ly/3RZC3L3

Business Standard: https://bit.ly/3ZN8Jt3
Outlook Business: https://bit.ly/45qxso0
ThePrint Hindi: https://bit.ly/45tsNSa

Published Date: Oct 09, 2023

An author in the making who loves psychological thrillers and worships Marquez, Coelho, Donne, and Atwood. Mansi dabbled with different topics before she finally discovered her finance expertise. She quenches her thirst for the same by writing expert pieces on Urban Money. Her sarcasm is a bit too much, but her lame jokes compensate for everything. An entrepreneur and a writer who loves to binge-eat choco-truffle cake.

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