· Foxcard will have multiple uses like; Home Renovations, Home Extensions, Home Furnishing, and other Business Purposes
Mumbai, June 14, 2022: Easy Home Finance Limited (EASY), India's leading Mortgage Tech Company, today announced the launch of one of its kind product, Foxcard to provide flexible loan against property. Foxcard will enable users to seek equity against their own property through EASY’s app, which will be delivered to their doorstep. This will be an app-only application process. With the launch of this new product, EASY aims to achieve a live customer base of about 15,000 card customers over the next 6-8 quarters.
Foxcard is a revolving credit limit against property product launched by the company since it’s inception. It is designed keeping in mind the middle-income group, living in the peri-urban tier 2/3/4 cities.
Speaking on the launch, Mr. Rohit Chokhani, Managing Director, EASY said, “ With the launch of FOX Card, we are trying to address the very evident need-gap in the market. The need for a product that brings down one’s monthly payments and prolongs the time period was apparent. With our FOX card, an individual will have full flexibility of utilizing revolving equity against their property without paying unnecessary costs on excessive equity. It is aimed to benefit our existing and new customers which will help them pay EMIs only for the amount utilized, and not the entire sanctioned amount of the loan. We will also ensure that there are no pre-payment penalties.”
Seeking personal loans have always been a tedious process. Customers are in constant hunt of painless alternatives while looking for a loan, or equity against their own property. Lack of flexibility thus leads to distressed loan decisions which is not only expensive but also for a short duration with high EMI payments. However, this unique product is aimed to give a sense of financial freedom to the customers, while reducing their monetary burden and helping them fulfill their home, family, and business needs.
The eligibility criteria to be a Foxcard owner is quite simple; the customer should have an existing owned property, and the applicant needs to download the EASY app, or walk into any of their storefronts across 50 towns to avail a Foxcard.
Waitlist Link : www.easyhomefinance.in/fox
About Easy Home Finance Limited:
Easy Home Finance Limited (EASY) is a Mortgage-Tech Home Finance built around the customer. The company aims to become India's youngest and most vibrant Fintech / Mortgage Tech with a stellar Board of Directors. EASY works towards the vision of becoming India's most loved brand. The company is in a constant endeavor to ensure that the interests of all the key stakeholders - customers, shareholders, investors, bankers & employees are taken care of. The team leverages cutting-edge Technology making Easy Home Finance a leader in the mortgage tech housing loan industry. With the aim to provide faster, better, cheaper affordable mortgages/home loans, the company is committed to its customers and believes in true customer value and satisfaction. EASY is registered with National Housing Bank (NHB) under section 29A of the National Housing Bank Act, 1987. Having Certificate of Registration No. 07.0173.18 dated July 31, 2018.
To know more about Easy Home Finance Limited, please visit the below website:
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