Square Capital has enhanced its loan disbursal and advisory activities. Square Capital is an extended division of the noted proptech and realty advisory and investment brand SquareYards. Square Capital enables smooth management of the whole loan process for all customers. After the needs of the client are analyzed, Square Capital then offers unbiased and quality advice along with taking the client through processes that are absolutely ethical until disbursal.
Square Capital has been beefing up its presence in the segment for integrated mortgages. The company has recently enabled disbursals of loans up to a whopping $1 billion or roughly Rs. 6,900 crore and it enables loan disbursals touching Rs. 250-300 crore every month. Square Capital has made sizable investments from the start in beefing up technological expertise and digital mortgages with tie-ups across 95 NBFCs and banks in the country.
Already, 8,000 loan deals have been successfully facilitated by Square Capital and loans against property and home loans account for a handsome 78% of overall loan disbursals. Square Capital takes care of diverse aspects including e-KYC, eligibility assessment tied to credit ratings and policies of financial institutions and also integration with document reading based on OCR, NSDL and loan origination frameworks of banks along with offline advice, documentation, client assistance and sanctions.
The CEO & Co-Founder at Square Yards and Square Capital, Tanuj Shori, has already stated that Square Capital’s progress is really a major feat since it came in a period when most NBFCs and banks were undergoing tumultuous headwinds on account of the overall liquidity issue and this led to lower scope for prospective homebuyers to avail of loans easily. Square Capital is aiming at posting growth in double digits by end-FY2019-20 according to him, with its emphasis on technology driven and asset light business while unit economics continue to be positive in terms of transactions.
Square Yards is a technology-enabled, global real estate aggregator and India’s largest player for primary residential real estate. It’s subsidiary Square Capital is one of the largest marketplace for secured mortgages in India. Square Yards platform offers an integrated consumer experience & covers the full real-estate journey from search, discovery to research, transactions, home loans and post-sales service – fully integrating buyers to an extensive network of 500+ partner real estate developers, and 90+ banks & NBFCs. Square Yards is led by accomplished professionals, ex-bankers, and Ivy school alumni and is backed by the competence of more than 2500 employees in 30 cities and ten countries.