ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

Loan becomes easy with ATD Money 'Payday Loan'

New Delhi [India] August 19(ANI/NewsVoir): A renowned company ATD Fintech with their app ATD Money launches 'payday loan' which aims at helping the employees of the corporate sector during the time of financial crunch.

ANI Aug 19, 2019 18:15 IST googleads

Manoranjan Mohanty, CEO, ATD Fintech Services Pvt Ltd

New Delhi [India] August 19 (ANI/NewsVoir): A renowned company ATD Fintech with their app ATD Money launches 'payday loan' which aims at helping the employees of the corporate sector during the time of financial crunch.
ATD Money app is a rapidly growing mobile application that provides instant and cashless loans to the working class.
Often we notice that working-class deals with financial crises during the end of the month due to any unforeseen expenses. So, to help the employees, ATD Money app has come up with 'Payday loan' that provides short term financial support to the corporate/organized sector employees to meet their immediate liquidity crunch basis their average monthly take-home salary.
While taking any loan, one of the major concerns is the interest which is charged on the principal amount that the borrower has to pay extra from his pocket. To ease the burden of the interest, ATD Money provides a unique method of cash back of interest paid for the loan by buying products from the online e-commerce website 'Myshopbazzar.com'.
"We are happy to launch Payday loan model and help the employees of the corporate sector during their financial emergency. In this model, we give them money which is a small amount for a short period of time. Banks and other financial institutions are not very keen on this kind of lending due to the nature of very small loan amount for a short time period. We would like to reach more people and offer them easy hassle-free services", said Manoranjan Mohanty, CEO, ATD Fintech Services Pvt Ltd.
The working sector with a salary range of 15-250k per month and aged between 22 to 50 years are eligible for Payday loans. The ATD Money application can be downloaded from Google play store. Today, most of the salaried employees are engaged in an organised sector in India who faces a financial crisis in their day to day life. Hence the market opportunity in this sector is very high.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

Get the App

What to Read Next

Business

Finkurve Financial Services Limited (Arvog)

Finkurve Financial Services Limited (Arvog)

Mumbai (Maharashtra) [India], March 12: Finkurve Financial Services Limited (BSE: 508954), among leading Tech-first Gold Loan NBFC, announced that the Company has crossed Rs. 1,035 crore+ in Assets Under Management (AUM) surged by nearly 10x compared to FY23, marking a significant milestone in the company's growth trajectory within India's secured lending ecosystem.

Read More
Business

Bajaj General Insurance Releases Guide to Lowering Car Insurance

Bajaj General Insurance Releases Guide to Lowering Car Insurance

Pune (Maharashtra) [India], March 12: Car insurance renewal is often seen as a routine administrative task, but it is much more than that. It presents an excellent opportunity to review your existing policy, assess whether your coverage still matches your needs, and take steps to optimise your premium. By understanding the key factors that influence car insurance costs, such as vehicle value, driving history, add-ons, and usage patterns, you can make informed adjustments that reduce expenses without compromising protection. Thoughtful planning and small, strategic choices at renewal can help you save money, maintain comprehensive coverage, and enjoy greater peace of mind on the road.

Read More
Business

'India’s non-bank lenders seen growing faster than banks'

'India’s non-bank lenders seen growing faster than banks'

India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.

Read More
Business

What Makes a Samsung AC the Right Choice for Modern Homes

What Makes a Samsung AC the Right Choice for Modern Homes

New Delhi [India], March 12: As summer approaches, choosing the right air conditioner becomes one of the more important home decisions of the year. For modern homes -- where energy efficiency, air quality, and smart connectivity matter as much as cooling performance -- Samsung ACs are built to tick all three boxes. Whether it is a studio apartment or a large living room, Samsung's 2026 lineup is designed to match the way modern households actually live and cool.

Read More
Business

PDG Targets USD 5 Billion Debt Raise

PDG Targets USD 5 Billion Debt Raise

Singapore, March 11: Princeton Digital Group (PDG), Asia's leading data center operator, today announced a plan to raise up to USD 5 billion in debt financing this year to fund its contracted capacity across the region.

Read More
Business

RBI caps bank dividend payouts at up to 75% of profit

RBI caps bank dividend payouts at up to 75% of profit

The Reserve Bank of India (RBI) has introduced a new set of prudential norms for banks that cap dividend payouts at a maximum of 75 per cent of Profit After Tax (PAT) for most banks, linking profit distribution more closely with capital strength, profitability and regulatory compliance.

Read More
Business

How Critical Illness Insurance Protects Families

How Critical Illness Insurance Protects Families

New Delhi [India], March 10: In India, a health crisis doesn't just affect the patient; it affects the whole family. Work may stop, savings may get used up quickly, and emotional stress becomes even heavier when money worries enter the picture.

Read More
Business

Bajaj Finance Makes Smart Borrowing Accessible

Bajaj Finance Makes Smart Borrowing Accessible

Pune (Maharashtra) [India], March 10: Bajaj Finance, one of India's most trusted non-banking financial companies, is making it easier than ever for individuals to access funds through its range of personal loan offerings. Tailored for both salaried and self-employed borrowers, these loans combine favourable interest rates with adaptable repayment structures, ensuring that financial goals remain within reach regardless of the circumstances.

Read More
Business

CreditAccess Grameen Advances Inclusive Growth

CreditAccess Grameen Advances Inclusive Growth

Bengaluru (Karnataka) [India], March 10: CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, 'CA Grameen', or the 'Company'), the country's largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), has signed a syndicated social loan facility of USD 75 million, qualifying as an ECB under the automatic route of the Reserve Bank of India (RBI). HSBC acted as the Sole Mandated Lead Arranger and Bookrunner for the social loan fund raise, securing participations from HSBC (Gift City), Doha Bank (Qatar), State Bank (Mauritius) Ltd., Bank of China Ltd. (China), and National Development Bank Plc (Sri Lanka). This transaction reinforces CA Grameen's strong track record of raising international funds through innovative financing solutions.

Read More
Business

SAMARYA CREATION LAUNCHES “MONEY KI BAAT ALPA KE SAATH”

SAMARYA CREATION LAUNCHES “MONEY KI BAAT ALPA KE SAATH”

New Delhi [India], March 9: India is the world's fifth-largest economy, home to one of the fastest-growing middle classes on the planet. And yet, a staggering 73% of its population remains financially illiterate. Millions of Indians earn money, spend money, and work their entire lives - without ever truly understanding how money works. Without that understanding, wealth doesn't build. It leaks.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.