AGRIM Housing Launched App Targeting the Informal Sector The company aims to make a social impact the lives of Indian informal households by providing affordable home loans

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Unsplash

AGRIM Housing Finance launched a 10-minute approval process, affordable home finance mobile app for the self-employed and informal households. The mobile Agrim HFC App was launched at the BSE.

This app enables self-employed and informal household customers to avail a home loan in just a few clicks, in a secure paperless digital environment from find my home, finance my home to secure my livelihood.

"AGRIM, in Sanskrit stands for first, excellent, modern, best. The mantra of our affordable home loan solutions is to deliver excellence through giving dignity to the under-privileged customer with digitally intelligent access of 'find my home, finance my home, and enhance my livelihood. We are extremely glad that we are making a social impact to the under-privileged customers," mentioned AGRIM chief executive officer Dr. Malcolm Athaide, in a statement.

Based on their proprietary machine learning algorithms using traditional and non-traditional data, customers have real-time tracking of approval and disbursal, as compared to semi-digital experience amongst the competition.

The HFC is Reserve Bank of India approved. It provides the entire ecosystem of find my home, finance my home, enhance my livelihood by giving dignity to the underprivileged for an affordable home loan. Digital and machine learning are their core strategies to offer loans in 10 minutes to affordable self-employed and informal households.

Prabhjeet Bhatla

Former Staff

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Leadership

International Security Firm Welcomes Female India Native to an Essential Leadership Position

Yasmin Brar has been appointed as the Operations Strategy Director, a role that underscores the company's commitment to innovation, expansion, and strategic management

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.

Marketing

5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.

Lifestyle

Ola Introduces Krutrim, India's Own Multi-Lingual AI

Empowers Indians with complete AI computing stack, developed in India, for India.

Entrepreneurs

The Deeptech Innovator: Aman Singh, Co-Founder & Head of Analytics, Intangles

Their next trigger of growth centres around expanding presence and offerings in the global market

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.