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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
Unbiased view

offering customers the best loan options from across multiple lenders

Convenience
Convenience

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

Transparency
Transparency

at every step with no (hidden) charges whatsoever

Simplified & Speedy process
Simplified & Speedy process

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

Vision
Vision

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

Mission
Mission

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

Our Team

Our Milestones

June 2023
June
2023
Line

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

Building a wide connector Network
January 2023
January
2023
Line

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

Building a wide connector Network
June 2022
June
2022
Line

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

Building a wide connector Network
March 2022
March
2022
Line

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

Building a wide connector Network
December 2021
December
2021
Line

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

Building a wide connector Network
March 2021
March
2021
Line

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

Building a wide connector Network
July 2022
July
2022
Line

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

Building a wide connector Network
June 2022
June
2022
Line

- 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

Building a wide connector Network
February 2022
February
2022
Line

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

Building a wide connector Network
January 2021
January
2021
Line

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

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

Building a wide connector Network
December 2021
December
2021
Line

- 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

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