Mumbai-headquartered IndiaMoneyMart (IMM), a digital lending marketplace has launched its App to allow lenders and borrowers to lend and borrow money independently. IMM has the PAN-India operation and has partnered with the number of financial institutions to fulfill the need of loan (personal, home and small business) of an individual.
The app is freely available in android to download. For iPhone users, the facility will be available by late October. The app makes loan application faster and paperless in which lenders can select borrowers to fund and send loan proposals online. The duo are required to download the app, fill the registration form and upload KYC documents such as Aadhar Card, PAN Card for the proprietary underwriting tool to assess the creditworthiness by listing them on loan platform.