Easiloan Sanctions Rs 300 crore Home Loan with AI Recommendation Engine

The newly launched Fintech startup Easiloan has sanctioned home loans worth Rs 300 crore in the last quarter. With its ‘Easiloan Instant Match’ application, the Indian housing finance industry’s first Artificial Intelligence (AI) technology-based selection and recommendation engine for home buyers, it is able to match the home buyer and lender accurately, leading to a much higher conversion rate.

Easiloan has tied up with financial institutions like HDFC, ICICI Bank, SBI, Bajaj Housing Finance, Axis Bank, LIC Housing Finance, L&T Housing Finance, PNB Housing, IIFL Home Finance among others and now has added Kotak Bank and IDFC Bank, to give its customers a wide range of finance options and find the best match for their home loan needs.

“Loan customers have been starved of choices and have often settled for the second-best option considering their profile and eligibility. With Easiloan, customer is empowered and can compare and choose from an array of loan options from private/public banks and housing finance companies on a single platform. These options are specifically curated based on the customer’s profile. We are looking at logging in another thousand cases in the current quarter,” said Pramod Kathuria, Co-Founder and CEO, Easiloan.