November 25, 2019
With a strong credit score they could then avail cheaper loans
SBI is country's largest lender."We look forward to supporting
RedGirraffe.com&wholesale Electric Instant
Water Heater Faucet39;s endeavour to provide differentiated real estate
services that complement the evolving needs and lifestyles of today`s digitally
savvy consumer, by extending our technologically advanced, user friendly payment
platform," he said.
RedGirraffe's Founder and CEO Manoj Nair said SBI Card
customers can now pay their rentals through their credit card and strengthen
their score.He said the platform will revolutionise real estate transactions in
India by infusing much needed transparency following demonetisation and the two
new laws -- Benami Transaction Amendment Act and Real Estate Regulation
andDevelopment Act."After all, there could be no other offer as tempting as
automatically qualifying to avail cheaper home loans while getting to pay your
monthly rent via credit cards; all the while enjoying a 40-45 days credit
period," he said.
Nair expects 1,00,000 customers of SBI Cards using RentPay by
March 2018.com has launched a platform RentPay that allows such transactions to
be made via credit cards and provides consumers an opportunity to strengthen
their credit score and avail of cheaper home loans by up to 1 per cent
annually.With this tie-up, SBI Card, which has about 4 million customers, said
it is "redefining" the way rents are paid as this platform provides a
"trustworthy payment interface" between landlords and tenants..SBI Card CEO
Vijay Jasuja said that through this collaboration, the company aims to assist
users of the portal in hassle free rent transactions using the auto pay facility
of SBI Card.The company, a joint venture between State Bank of India and GE
Capital, is also offering up to 45 days interest free credit.RedGirraffe.
With a
strong credit score they could then avail cheaper loans (as being offered by
many banks), by up to 1 per cent per annum," Nair told # PTI.The partnership
aims to tap into the digital payments market which has gained traction in the
country post demonetisation and real estate regulatory law. New Delhi: SBI Card
and London-based financial technology firm RedGirraffe have joined hands to
facilitate online rental payments and aim to tap at least onelakh tenants by
next March.Partnership aims to tap into digital payments market which has gained
traction in country
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