Home / Business and Economy / RuleMudra Launches Tech for Hassle-Free Personal Loans
RuleMudra Launches Tech for Hassle-Free Personal Loans
14 Oct
Summary
- Digital platform RuleMudra facilitates short-term personal loans.
- Borrowers can access ₹5,000 to ₹1 lakh through smartphones.
- Platform emphasizes transparency and responsible borrowing practices.
RuleMudra, operated by TwoMinutes Fintech Private Limited, has introduced a new digital lending platform designed to facilitate short-term personal loans for Indian borrowers. This technology-led service allows eligible individuals to apply for funds ranging from ₹5,000 to ₹1 lakh using their smartphones.
The platform streamlines the application process, offering a paperless experience that includes verification, loan offer evaluation, and e-contracting. RuleMudra prioritizes transparency, providing customers with Key Fact Statements and loan terms before they digitally accept an offer.
Mr. Lavit Dighe, Managing Director of RuleMudra, stated that the platform addresses both the need for quick funds and the borrower's concern for a credible and understandable process. He stressed that convenience does not override proper assessment, with final approvals resting with regulated lending partners.
RuleMudra aims to build trust through clear communication and informed borrowing. The company plans to expand its partner network and technology platform, with aspirations for wider accessibility beyond India, while maintaining a core focus on customer consent, data security, and regulatory compliance.
