Company Information

Get to know PhoneParLoan

PhoneParLoan operates as a financial technology company in India, focused on facilitating short-term personal loans. The company's mission is to leverage technology to simplify the lending process, offering quick and accessible credit to individuals who may not qualify for traditional bank loans. It acts as an intermediary platform connecting borrowers with its partner Non-Banking Financial Companies (NBFCs) or banks, using an app-based system for application, verification, and disbursal of funds.

Industry

Financial Other ServicePRIMARY
Technology Software Development

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PhoneParLoan

India

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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2017

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Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.