Money & Banking

Square Capital gives out home loans of $120 m

Our Bureau Mumbai | Updated on January 22, 2018 Published on December 14, 2015

Square Capital, the mortgage advisory arm of real estate aggregator Square Yards, said it has facilitated loan disbursals worth $120 million this fiscal and is on target to achieve triple-digit revenue growth in the mortgage advisory business.

Square Capital was started a year ago to capture the home loan business originating from Square Yards’ real estate transactions and is now one of the largest distributor businesses in the mortgage industry.

The company statement said it provides financial advice to grade-A developers, helping them in project financing.

Indrajit Sidhanta, Principal Partner & Business Head, Square Capital, said: “We are co-creating a platform that can manage the entire borrowing process on behalf of the client. We are integrating our systems with loan syndicators, credit rating agencies and back-end systems of lending institutions to provide customers with a seamless experience.”

Published on December 14, 2015
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