With the country leading to a new normal of digitisation, IndiaLends, an online lending aggregator, introduces contactless products including loans, insurance and a new line of credit. While considering this phase as 2.0 of digital lending, the company's announcement shall ease various problems of the customers fearing the contagion of the virus. 

People can opt for an instant touchless loan and a line of credit anywhere from Rs 10,000 to Rs 10,00,000 through the company's mobile app or website. The company's entire process is contactless with no procedure of physical contact involved. The entire process is touchless and contactless with no phone calls or physical contact The loans come at low-interest rates based on individuals’ credit scores. For the line of credit, consumers will be charged only for what they use and can repay as per their convenience. Being the need of the hour, along with this, IndiaLends has also launched a range of insurance products for its customers.

 IndiaLends CEO and Founder Gaurav Chopra said, “We, at IndiaLends, started our journey with a simple moto — make the entire borrowing experience convenient for consumers. In the current lockdown situation, we have been constantly working with our partners to make our borrowing channels easily accessible to all our retail consumers. Digital Lending 2.0 is our humble effort to reach out to consumers wherever they may be and provide the financial relief that they so need in these difficult times."

IndiaLends has a userbase of 7 million along the 50-plus bank and NBFC partners across the country. "At the same time, we are also supporting our lending partners by offering a plug-and-play solution for touchless lending. Through a simple API connect, NBFC’s and banks can lend digitally via the IndiaLends platform” Chopra added.