Digital lender Loantap that’s only into personal loans, expects to take its disbursal to Rs 1,000 crore this fiscal, up from Rs 370 crore last year, given the higher demand for home improvement loans, electric two-wheelers and pandemic-related medical expenses. The Pune-based company, founded in 2016, has so far disbursed Rs 650 crore to over 33,000 customers, of which Rs 370 crore are live now, up from Rs 330 crore in FY19. Since the pandemic it has disbursed over Rs 105 crore of Covid-19 loans to meet medical expenses.
Loantap expects to increase disbursals to Rs 1,000 cr this fiscal
