India's largest marketplace for financial products Paisabazaar.com announced today that it has become the country's first independent digital platform to reach an annualized loan disbursal rate of USD 1 billion.Since its inception in February 2014, Paisabazaar.com has witnessed 150X growth and is the clear marketplace leader for lending products, according to industry estimates.Unsecured loans, which include personal loans and business loans, form the majority share of the disbursals taking place through the Paisabazaar platform. Currently, Paisabazaar.com disburses ~Rs. 480 crore of unsecured loans every month, with a dominant share of these loans going to salaried prime customers, who have an in-hand monthly income of over Rs. 25,000 and credit score more than 750."The milestone of reaching USD 1 billion run-rate is significant because it shows the size of the Indian lending market. If one looks at unsecured loans alone, even at such high volumes that Paisabazaar is doing, we are ...
