- An estimated 2 billion working-age adults globally have no access to the types of formal financial services delivered by regulated financial institutions.
- According to Times survey, there are about 10 million asset holders looking for mortgages in India.
- People have to do all the legwork to find the best deals.
- People don’t get satisfactory loan even after having sufficient assets
- To provide more affordable finance alternatives to disadvantaged and low-income people who, like the unbanked/underbanked, may have little to no access to mainstream financial services.
- To provide the satisfactory value of loan from trustful resources to the borrower for their assets.
- To reduce the unnecessary legwork of the borrower.
- To scale and grow the business of banks and brokers.
- We remove your legwork to create a mortgage.
- Someone who needs a mortgage having to go out and compare a whole bunch of different schemes at different banks or brokers they come to our platform
- To provide satisfactory amount of loan with decent interest, we have built a bidding system in which lenders propose different kind of offers to grab a deal.
- This will create a competition between the lenders.
- Every lender will want to increase their business so they will compete
*install ruby*
gem install rails
bundle install
rake db:migrate
rake db:seed (only once)
rails s
xdg-open http://localhost:3000
Result : We were rank #4 out of 70 teams in the competition