Gurugram (Haryana) [India], December 8 (ANI/NewsVoir): Digital marketplace for consumer credit and free credit score platform Paisabazaar and RBL Bank today announced the launch of their new Co-created credit card 'Duet'.

Gurgaon (Haryana) [India], October 3 (ANI/NewsVoir): Paisabazaar, India's largest digital marketplace for consumer credit and free credit score platform, announced today that over 30 million consumers have checked their credit score on its platform in the last 6+ years. Paisabazaar offers consumers their credit score and report, with free lifetime tracking through partnerships with all four credit bureaus in the country.

Gurgaon (Haryana) [India], May 25 (ANI/NewsVoir): Paisabazaar, India's largest digital marketplace for consumer credit, announced today that it has closed its largest working capital loan of Rs 4.5 crore. The working capital loan, sourced through the Paisabazaar platform, was disbursed by Axis Bank, India's third largest private sector bank, to a self-employed consumer from Gujarat.

Gurgaon (Haryana) [India], May 16 (ANI/NewsVoir): An insights report by Paisabazaar, India's largest digital marketplace for consumer credit, revealed that consumers between 35 and 40 years of age are the most credit healthy, while those below 25 years are the least credit healthy.

Gurugram (Haryana) [India], March 21 (ANI/NewsVoir): Paisabazaar, India's largest digital marketplace for consumer credit, announced today that its credit awareness initiative has helped a large share of its consumer base to clear their outstanding debt.

Gurugram (Haryana) [India], February 22 (ANI/NewsVoir): Paisabazaar, India's largest* digital marketplace for consumer credit, announced today that 52.7 lakh consumers, who checked their free credit score from its platform, have improved their credit score by 20 points or more over a period of 18 months.

Gurgaon Haryana India NewsVoir Paisabazaar Indias largest digital marketplace for consumer credit announced today that 527 lakh consumers who checked their free credit score from its platform have improved their credit score by 20 points or more over a period of 18 months This includes 236 lakh customers whose score increased by 50 points and 182 lakh customers who saw their scores rise by 75 and above points 125 lakh Paisabazaar customers increased their credit score by a massive 100 points over an 18-month period Paisabazaar says for the last 5 years it has been strongly focussed on engaging customers to actively check their credit score and make it a key part of their financial lives to become credit fit for meeting their current and future needs and financial goals Paisabazaar has enabled seamless access to credit score on its platform with lifetime free tracking which encourages customers to actively monitor their credit score and display responsible behaviour to build it further Till date 26 crore customers have taken their free credit score and report from the Paisabazaar platform Naveen Kukreja CEO Co-founder Paisabazaar said Early in our journey we realized that the lack of consumer awareness around credit score adversely impacts access to credit for multiple segments We are delighted to have helped over 52 lakh customers significantly improve their score Our innovations like credit advisory services and an exclusive credit builder product continue to add value to consumers and the overall ecosystem Paisabazaar has been working with all 4 Credit Information Companies credit bureaus in India and provides consumers their credit reports for free from multiple bureaus instantly Consumers can easily compare their monthly credit score from different bureaus with a click of a button Helping credit-starved customers build their score Paisabazaar says a poor credit score has been traditionally one of the biggest reasons for a low credit approval rate within the lending industry To resolve this Paisabazaar has built its free credit score platform on global benchmarks to provide easy access to consumers to check track and build their credit score thus enabling a more inclusive financial ecosystem According to Paisabazaar data 45 of its customers have taken at least 1 credit product within 6 months of checking their credit score on Paisabazaar As a part of its credit awareness initiative Paisabazaar over the last few years has also been focusing on building the credit health of customers with low score In 2018 Paisabazaar launched a Credit Advisory Service for consumers with a low credit score The service offered at a nominal fee is aimed to assist consumers in building a high credit score This service involves Paisabazaars credit experts doing a deep analysis of a consumers credit history and providing personalized advice and recommendations that will help build the credit score Paisabazaar in partnership with SBM Bank India has also launched a credit builder product - Step UP Credit Card a part of its neo-lending strategy Backed by a FD this exclusive credit card has been designed to help consumers with a poor credit score or those who are new to credit to improve or build their score To deepen understanding of ones credit score Paisabazaar has also launched a credit health report on its platform which provides a detailed view of each customers credit health Radhika Binani Chief Product Officer Paisabazaar said Like your personal health your credit health also depends on you taking the right actions While being aware and monitoring your score is the first step towards accessing credit it is also crucial especially for those with low score to understand what has gone wrong for them and take corrective measures to improve and build their credit score As a consumer platform we are focussed on being an enabler towards making India credit fit Paisabazaar also provides consumers their free credit report in regional languages along with English Today a consumer can download his credit report from Paisabazaar in English Hindi Marathi Kannada and Telugu By providing consumers access to their free credit report in their preferred language Paisabazaar aims to deepen the understanding around credit and take it beyond metros and Tier 1 2 cities About Paisabazaarcom According to Frost Sullivan Paisabazaar was Indias largest digital consumer credit marketplace with a 537 market share based on disbursals in FY21 Paisabazaar has 60 partnerships with large banks large NBFCs and fintech lenders to offer a wide choice of lending products for consumers on its platform Paisabazaar since 2017 has also been providing consumers access to credit reports from credit bureaus offering consumers lifetime checking and tracking of their credit scores for free Paisabazaar has been recognized at several industry platforms with awards like Most Innovative Lending Startup Best Fintech Consumer Lender by India Fintech Forum and Economic Times Most Promising Brand Digital Lending Award at the Fintech India Innovation Awards Excellence in Consumer Lending at IAMAIs India Digital Awards Outstanding Crisis Finance Innovation 2021 Asia Pacific Award by Global Finance Magazine PWR PWR