Getting Started

The first step was to identify the gaps. After learning from first hand-experience and following an in-depth study of the lending landscape, we summed up the key concerns of the customer:

  • How do I choose the bank or lender?
  • How do I avoid being misled with hidden charges?
  • How to avoid endless rounds of documentation?
  • How do I ensure a timely disbursal?

With SwitchMyLoan, our motto is to not just answer these questions, but also to deliver a personalized and positive loan experience. We work closely with our customers to understand their needs and offer them the best solutions possible.

Starting off as a 4-member team in 2021, we have been committed to educating, guiding and supporting customers - both for new loans and for switching of loans. Having received tremendous support and appreciation from our customers, we are ecstatic as we achieve our new milestone of having disbursed loans worth Rs. 640 crores. And we continue on our mission to simplify loan experiences for one and all!

Why SwitchMyLoan?

Unbiased view

offering customers the best loan options from across multiple lenders

Convenience

of end-to-end support, personal assistance, and a paperless process

Transparency

at every step with no (hidden) charges whatsoever

Simplified & Speedy process

enabled by a state-of-the-art tech platform

Vision

To develop the best-in-class homegrown technology platform enabling an entirely digital journey.

Mission

To bring transparency, simplicity and convenience to the way people borrow money.

Our Team

Our Milestones

June
2023

2700+ Happy Customers
1250 Crs + Disbursement
30 Crs + Switch Savings
130+ Team Members
300+ Partners
4 New Locations: Bangalore, Hyderabad, Bhubaneswar and Kolkata
Building a wide connector Network

January
2023

2000+ Happy Customers
750 Crs + Disbursement
15 Crs + Switch Savings
70+ Team Members
95% New Customers Acquired
2 New Locations: Pune & Ahmedabad
Building a wide connector Network

June
2022

1000 + happy Customers
50+ Member Team Size
1 New Product: Auto Loans
8+ API Partners

March
2022

Total Disbursal: 500+ Crores
70+ Lender Partners
Embossing our digital footprints with Insta-Loan
Transformed into an API Integration Capable platform for seamless customer experience

December
2021

Widening the Product Basket:
Home Loan, Loan Against Property, Personal Loan and Business Loan
100 Crs disbursal in a Quarter
Team Size: 25+ Team Members

March
2021

Igniting the birth of a revolutionary idea, we launch Switch My Loan (SML)
Our team of 5 disburses loans worth Rs. 10 Crores + 
We launch our first product Loan Against Securities

July
2022

We hit the 50 mark! SML is now a 50-member team & growing…

June
2022

- Our 1000+ happy customers welcome another new product - Used Car Loans

- SML establishes pan-India presence across 1100+ cities through partner banks

- We are revaluated at Rs. 150 Crore

February
2022

- The proud SML team hits a new milestone - Loan disbursal of Rs. 500+ Crore

January
2021

- We join the digital brigade with our new product - Insta Loan

- SML transforms into an API Integration capable platform for a seamless experience

December
2021

- 4 New Products are launched - Home Loan, Loan Against Property, Personal Loan and Business Loan

- SML records Highest Quarterly Disbursal of Rs. 94.4 Crore

- Team size grows to 25+ employees