With An Integrated ‘Tech-Only’ Approach, DMI Finance Is Revolutionizing Lending In India

By:Supriti Chatterjee 2018-11-15

We know very well that the significance of credit for start-ups companies and MSMEs in India. These days, the modern scenario of non-banking finance companies (NBFCs) such as DMI Finance are now sealing the breach in credit obtain ability for MSMEs and start-ups organizations in India by becoming their go-to balance sheet associates.

DMI Finance, which also needs now paying attention to the customer and corporate loaning, is the NBFC wing of the financial services podium, The DMI Group which is terminating in on ten years of operations.

With only digital-only methodology, DMI Finance's customer and SME lending operation provides fintech start-ups API entry to sandboxes, therefore assisting them to cultivate tailored financial products.

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DMI Finance is building up a platform which can be accessed by every person either lender or borrower. The model they are trying to build will live to the approach of partnership rather than a competitive approach like others. This will serve as a medium of better and faster services for both the parties. This will be a revolution in the field of Credit and money lending as everything will be digital in this ‘Tech Only" Approach. This will make it easy to avail its assistance from anywhere in the region and there will be no such issues like time or distance.

By approval a business model rather than a victor-take-all cut-throat model, DMI has effectively merged a diverse lending network into an intelligible platform. Here technology firms concentrating in AI and ML, digital marketing corporations focusing in consumer attainment, substitute credit scoring units that emphasis on knowing the New-to-Credit debtor and balance sheet moneylenders meet to build bespoke financial product contributions for the mobile-first, economically self-improving, 500mm robust Indian middle and lower middle groups.

At this time, DMI has 38 live partners with ongoing discussions with another 15.

The complete businesses are varied naturally and 80% of DMI's associates are developing custom-made credit solutions all over the varied nonpayer inhabitants. The products comprise student loans, consumption loans, healthcare loans, customer durables; SME is now functioning with capital loans and many more. The associates work as front-end demand aggregators and resolve the complications of consumer UI/UX and brand consciousness even though DMI works as the credit sponsor and balance sheet partner.

With corporations, those extent small fintech start-ups, big digital wallets, global household names in customer electronics and some other modern-generation tech-first NBFCs, DMI is pompously allowing its co-workers to takeoff a revolution in customer and SME business.

Features of DMI Finance

There are several things that DMI Finance is leading their unparalleled services for. Some of them are really important as no other entity is quite able to deliver it at such scale. Here are some of the features of DMI Finance that you should know:

  • Simplifying Credit issues: DMI Finance is working their best in order to cover up any issues regarding credit transfer and availability in India. They are offering their services of simplifying credit for MSMEs which plays an essential role in coming up with the credit needs in India.

  • Services for everyone: Whether you are a student or a senior citizen, loan and credit are need by everyone. DMI Finance offers their assistance by lending the required sum amount quickly and without any hassle of senseless documentation submissions. They offer their solution for the credit needs which can be availed for student loans, healthcare loans, house loans, consumption loans and many more.

DMI Finance is all set and in action to revolutionize the lending and credit system in India by following a ‘Tech Only' approach which means that with the arrival of these technologies, the credit needs of Indian citizens will be addressed in a much faster way. As not only this will become all handy and easy as there will be no such thing like visiting offices and submitting a bundle of documents. With this ‘Tech Only' approach, people will get faster services as DMI Finance is setting up this platform so that lenders and borrowers can all gather in one place and get the assistance from one another.

 

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