A social network that allows borrowers to access loans from millions of lenders in India. It also allows lenders to have direct access to millions of borrowers. From mobile money lenders to traditional salary advance companies, Open Loans India connects borrowers and lenders from Mumbai to New Delhi to Lahore, etc. The idea is to create a very efficient loans marketplace in India
Open Loans India also provides Indians with investment opportunities. A private person in India with excess cash can use the app as a way to invest. He can lend the money to another Indian he finds on Open Loans India and earn an interest. He can secure himself by taking possession of security such as a car or a title deed.
Borrowers in India can borrow from private persons as well as banks and other financial institutions in India that they find (or find them on Open Loans India).