Connect with us


Square Capital Crosses USD 1bn Of Mortgage Loan Disbursements


Gurugram, April 8, 2019: Strengthening its position in the integrated mortgage marketplace, Square Capital the digital lending arm of India’s largest proptech startup, Square Yards, has recently completed a milestone of facilitating loan disbursement worth USD 1bn (approx. INR 6900 Cr) since its inception in 2016. Investing heavily in strengthening its technology capabilities Square Capital is also in the advance stages to launch a digital mortgage solution with some of the largest private sector banks in India.

Growing at a rate of 56% CAGR in gross transactional value over the last couple of years the fintech start-up is currently facilitating a monthly loan disbursement worth of INR 250 to 300 crore, with Home loans and Loan against property contributing to 78% of the business in terms of total loans disbursement. Currently, Square Capital has tie-ups with more than 95 banks & NBFCs and is facilitating more than 800 loan transactions for them on a monthly basis.

Speaking on the company’s growth trajectory, Mr Tanuj Shori, Co-founder and CEO of Square Yards and Square Capital “This growth is especially remarkable considering the fact that the entire housing finance & NBFC industry witnessed a chaotic period last year leading to liquidity crisis and constraining the opportunities for home buyers. Focusing on maintaining a tech-led asset-light model, while remaining unit economics positive at the transaction level, we further aim towards a double fold growth by the end of FY20”

Square Capital has developed unique online capabilities to provide accurate eligibility of an applicant linked to credit bureau & various banks’ product & credit policies, ability to perform e-KYC of the clients, integration with NSDL & OCR based document reading and direct Integration with Banks’ loan origination systems. It has an equally strong offline sales team that provides loan advisory & end to end fulfillment support in the lending process – managing client documentation, sanctions and assisting the client till the entire lifecycle of loan disbursement.

Latest News

News2 days ago

Central Park’s Bignonia Towers in Sohna Achieves Rs 500cr Sales Bookings 

New Delhi, 14th June 2024: Bignonia Towers by Central Park in in Sohna has recorded sales bookings of Rs 500...

News2 days ago

Author Ashwinder R. Singh Launches His Third Book, “Master Commercial Real Estate”

June 14, 2024: Ashwinder R. Singh, acclaimed for his insightful contributions to real estate, launched his third book, “Master Commercial...

News2 days ago

Grade A Office Spaces Demand Growing at a Brisk pace, 164.3 Mn Sq Ft Added Since 2021

June 14, 2024: India’s office market is undergoing a profound transformation, reflecting the country’s robust economic growth, demographic advantages, and...

News2 days ago

Real Estate Sector Needs to Gear Up for New Housing Challenges Until 2029, With Rain Harvesting as a Core Element for Housing Projects: HUA Additional Secretary

New Delhi, June 14, 2024: Additional Secretary of the Ministry of Housing and Urban Affairs, D Thara, on Friday asked...

News3 days ago

Tier-2 Cities Closing the Gap with Top-8 as Property Prices Surge by 10-15% in Prime Areas: Report

New Delhi, June 13, 2024: has released its inaugural “The Bharat in India” report on Thursday. The report unveils...

News3 days ago

Housing Prices Soar 13% CAGR as Inflation Moderates to 5.4%: ANAROCK Report 

Mumbai, June 13, 2024: Inflation, the gradual increase in the general prices of goods and services, erodes the purchasing power of money...