Products

The customers in the underserved segment due to limited financial awareness face several challenges in improving their financial situation which restricts their access to credit and in absence of credible financial advice deprives them of financial freedom.

AdvanX has designed the products for its customers and extending credit responsibly basis credit assessment including the first time borrowers

  • AdvanX is considerate towards requirement of the First time borrowers with low or no credit history
  • Pvt and Govt Salaried Blue Collared workers with select corporate having creditworthiness
  • Other underserved consumer segments with annual income of upto Rs.4 lacs

Key Products

Key product offering includes unsecured Personal Loans and Salary advance loans to the blue collared workers and other underserved employed with corporate

  • Personal Loans upto Rs.50000/- with tenure upto 9 months
  • Advance salary loans upto Rs.15000/- with flexible tenure upto 3 months
  • Instant line of credit of upto Rs.10000/- upto 9 months (Revolving). Eligibility after atleast 1 successful repayment of personal loan

Our Approach

  • Loan Application received from the customer through AdvanX mobile app with basic personal and employment details
  • Sent for employer based verification process
  • Convenient repayment with automated Consent based E-Nach debit and Source based Payroll deduction
  • Customized underwriting for first time borrowers
  • Credit officer interacts with the borrower and undertakes video KYC
  • Aadhar based KYC verification and e-sign process