Paisabazaar

Through the Paisabazaar App, you can check your Credit Score from CIBIL and other credit bureaus for absolutely free. Also, track your credit score without any hassles, by getting your monthly updated credit reports – Free for life. What you get with the Paisabazaar App: · Free Credit Report from multiple credit bureaus including CIBIL · Updated Credit Report with refreshed Credit Score every month - For Free, For Life · Detailed Credit Reports that would help you understand & improve your credit score · Read & Download Credit Report in regional languages, including Hindi, Marathi, Gujarati, Telugu, Kannada etc · See your chances of approval against loan & credit card offers, ranked according to your eligibility · EMI Calculators to plan your loans better Paisabazaar has earned the trust and goodwill of ~ 25 million customers over the last ~7 years. Download the Paisabazaar App to become credit healthy now. Contact us: Toll-Free: 1800 208 8877 WhatsApp: 851 009 3333 Email: [email protected] As79 , 02/22/2019 Not bad The UI and the app overall are ok. Could not signup to get my report. Wouldn’t let me enter middle initial and while entering employment info, submit button doesn’t work even after entering all the info. The number keyboard for salary cannot be dismissed. As with most apps in India, notifications settings/filters not available. If users are expected to turn off all notifications then this app is spot on. Patrickpower11 , 12/02/2017 Not for indian ...

May 29, 2023 PB Fintech’s lending marketplace targets earning a third of revenue from recurring revenue products in the next two to three years Naveen Kukreja, co-founder and CEO of Paisabazaar When the COVID-19 pandemic struck in 2020, Paisabazaar lost 90 percent of revenue almost immediately because financial institutions that were its partners stopped lending. At the time, the credit arm of PB Fintech used to earn all its income in upfront fees to generate leads for credit cards and loans. Drawing from that experience, Paisabazaar has since set itself on the path of making its revenue stream more resilient to macro shocks. Paisabazaar reached an annualised loan disbursal rate of over Rs 15,000 crore in the March quarter. It registered a 76 percent year-on-year (YoY) growth rate in loan disbursals to Rs 11,619 crore in FY23. To be sure, Paisabazaar already makes up a significant chunk of PB Fintech’s business. Of the Rs 869 crore of operating revenue earned by PB Fintech in March quarter, the credit segment accounted for Rs 120 crore — or 14 percent. Now, around 12 percent of Paisabazaar’s revenue is recurring in nature — it takes a cut when customers pay Equated Monthly Instalments (EMIs) to its partner lending institutions or make a new transaction on their credit cards. Related stories Recurring model “For example, if I want to do a credit card issuance on my platform for a bank in a normal commercial model, I will make an upfront fee of let's say Rs 3,000, as soon as...

Paisabazaar.com, India’s leading lending marketplace and credit score platform, and SBM Bank India today announced the launch of Step Up Credit Card – a credit builder product designed for consumers with limited access to formal credit, due to ineligible credit score. A key part of Paisabazaar’s long-term growth strategy is building neo-lending products with partners, to meet specific consumer need gaps. These products would drive inclusiveness, by enabling underserved segments to access credit and over the long term, strengthen the lending ecosystem. Fixed Deposit strategy: How to make the most of FD now? A secured card provided against a fixed deposit (with SBM Bank India), Step Up Card helps consumers with damaged credit or those with no credit history to steadily build their Credit Score. While responsible use of Step Up Credit Card enables consumers to reach a strong Credit Score, it also allows them to enjoy benefits of a credit card, and earn strong returns on their fixed deposit. Commenting on the same, Neeraj Sinha, Head, Retail & Consumer Banking, SBM Bank India, said, “At SBM Bank India, we believe smart banking – being a combination of technology and banking as a service — solves problems and empowers people. In India, the penetration of credit cards is low owing to lack of credit history and high delinquencies. We partnered with Paisabazaar to design a product that solved both these challenges – backed by a fixed deposit, it not only protects the quality of th...

The Mutual Fund (MF) industry in India added 32 lakh new investors in the year 2017; proving that MFs have finally made it to the average Indians list of ‘things to invest in’. In recent years, the Association of Mutual Funds India (AMFI) and SEBI have run concentrated campaigns to promote MFs. The result of which has been a 38% growth in AUM (Asset Under Management) beyond the top 15 cities, in the last year. This, while the demand for gold - the traditional investment option - fell by 14% over the same period. Fintech startups like PaisaBazaar have a huge role to play in this behavior change. PaisaBazaar has a portfolio of 25 mutual funds and allows customers to choose from a range of diverse investment plans that suit their needs. In just 2 years since launch of their MF platform, the site has seen a huge rise in customers. For a 24*7 platform like this, money collection and disbursement can throw up several challenges, and such was the case with PaisaBazaar, too. The Challenge The process of investing in a Mutual Fund online usually requires the customer to sign a mandate and authorize automatic debits. PaisaBazaar used to collect these mandates through a physical NACH process which had a high turnaround time. It usually took 30 days on average for a physical mandate to get approved; if a mismatch in signatures or any other issue did not cause rejection. The entire logistics, registration and presentment process was arduous and only 56 out of 100 mandate collections co...