RULOANS Launches Advanced B2B Loan Origination App RUCONNECT for Channel Partners

• Offers end-to-end seamless customer on-boarding framework for channel partners
• 1lakh downloads within 100 days of going live
• Disburses loans worth approximately Rs.200 crore till June 2023
• On-boarded 4 lakh customers

RULOANS Distribution Services Pvt. Ltd., one of India’s leading Retail Loans Distribution Company, has rolled out RUCONNECT app, a cutting-edge & state of art FinTech platform for its channel partners in the domain of Loan Sourcing.

Launched in Feb this year on IOS and Android, RUCONNECT witnessed One lakh downloads within 100 days of going live. Till June, RULOANS has disbursed loans worth approximately Rs.200 crore with an average ticket size of Rs.2 lakh. Leveraging its nationwide network of partner banks and NBFCs as well as channel partners, the B2B loan origination app has so far on-boarded 4 lakh customers.

RUCONNECT, the first digital platform offers end to end loan & credit card sourcing opportunities including a host of credit solutions such as personal loans, home loans, credit cards, business loans (for MSMEs), etc. To further boost its portfolio of credit solutions and network of lenders, RULOANS will integrate over 20 leading Banks, NBFCs & FinTech into RUCONNECT within this financial year.  RUCONNECT has more than 30% active partners at a given point of time.

With a robust digital backbone equipped with indigenous business rule engine, CIBIL Bureau and advanced ERP system, RUCONNECT delivers an end-to-end seamless customer on-boarding framework for its channel partners. It also offers facilities like faster credit worthiness evaluation of prospective borrowers, real time updates on the loan processing, quicker turnaround on loan applications, cross selling of various loan credit card products as well as gives an opportunity to diversify revenue generation model to all channel partners. RULOANS partners and advisors can sign up on RUCONNECT app by following a simple KYC verification process which is facilitated by Digilocker.

For the lenders, RUCONNECT app offers opportunities to engage with a large number of loan partners and advisors at one place. And, for the borrowers, RUCONNECT offers easy loan approval, processing, and convenient access to a wide range of credit solutions.

Commenting on the launch, Kaushik Mehta, Founder and CEO, RULOANS said, “With the launch of RUCONNECT, we intend to leverage the new-age digital technologies and applications to unfold loan origination and disbursement opportunities for the loan partners as well as for Banks, NBFCs & FinTech Companies across India. Being the first digital platform for among the in loan distribution companies in India, we offer limitless opportunities for business growth for our partners. Our vision is to help our partners efficiently meet the credit requirements in the market and develop RUCONNECT into a trusted, futuristic and the-enabled online marketplace and one-stop destination. By bringing in transformative impact in terms of convenience and agility, we will continue to build our portfolio of channel and lending partners to expand our offerings and geographical footprints.”

RUCONNECT is in the process of developing its business rules engine to offer all Retail Loan products like Home Loans, Business loans for MSMEs and LAP. Going forward it will also add other Financial Products such as Life insurance, General Insurance, current account saving account (CASA), fixed deposits, etc.

About Ruloans Distribution Pvt ltd:

Ruloans Distribution Pvt ltd, is India’s leading financial products distribution company that helps manage your financial needs across Home Loans, Personal Loans, Loan against Property, Business Loans, Auto Loans, Education Loans, Working Capital Loans, Gold loans, Balance Transfers, Credit Cards, Insurance and more. Ruloans is today present across 2000+ locations with over 20000+ employees, consultants, and referral partners. Ruloans association with~200+ financial institutions including Banks, NBFCs, and Fin-tech institutions which gives a wide choice for customers. Its vision is to be recognized for value creation, and transparency and is the most significant distribution player in the financial industry with an apt technology footprint.