Ruloans reports 40% growth in FY24, reaching Rs 37,500 crore business volume
Ruloans has achieved a business volume of Rs 37,500 crore in FY24, marking a 40% growth compared to that of FY23. This business growth was driven by demand rising across all loan categories, including home loans, business loans, personal loans, and loans against property.
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For FY25, Ruloans aims to achieve a growth rate of 30% and reach a business volume of Rs. 50,000 crore. Ruloans have forayed into education loans as well as solar & machinery loans this financial year and will go more focussed and aggressive on the same.
Since its inception in 2000, Ruloans has established a sizable market presence over the past two-and-a-half decades. In FY24, the company launched the Ruconnect app by Ruloans, a B2B2C platform that empowers all our partner fraternities to serve their customers effectively. This app has simplified access to Ruloans' services for millions of credit seekers. Ruloans currently holds a significant share in the loans and financial services distribution business, having secured Rs 26,833 crore in business during FY23. With a mission to ‘help you borrow right,’ the company aims to bridge the gap between credit seekers and authentic lenders by providing reliable information and services.
Commenting on the performance, Kaushik Mehta, Founder & CEO of Ruloans, said: “We have maintained consistent growth in every business
