NEW DELHI: Finway Capital on Tuesday announced Rs. 14 crores in its loan bank until now, with an effort to cross up to Rs. 35 crores by the end of this fiscal year.
Finway has reported an increase in the number of collateral loans from the start of the fiscal year. The collateral loans have lower interest rates and lesser risks easily affordable to a salaried employee or a small entrepreneur.
Therefore, loan amounts are not only secured for the company but also offer plenty of benefits for the individuals and companies. With zero NPAs from the last few years, Finway also recorded 20 percent more growth month by month and 700 percent annual growth.
Finway capital also plans to launch a new range of financial services, including Insurance, DEMAT, and Advisory, etc. These services would help Finway to broaden its customer base and offer them a full-fledged pack of financial services. To "Empower People Financially", Finway will soon launch Financial Freedom App in coming few months. The app will make it easier for people can directly contact the team Finway. Whether it is about making any service request or to get relevant information, the app will give them quick assistance.
A survey reported that nearly 76 percent of the Indian population lack financial literacy, which is not a good sign for the nation. To decrease this rate until by the end of this fiscal year, Finway Capital plans to hold know-how sessions and seminars free and open for all.
"As many working professionals and salaried youth are not really aware of a plethora of financial services and its benefits, we are planning to organize a seminar, webinars, and other campaigns to increase financial literacy amongst the population as a part of our CSR activity," said founder and CEO of Finway Capital, Rachit Chawla.