Loan Prix

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IntroductionIntroduction
We are two friends from the city of vizag. From our own experience we haveWe are two friends from the city of vizag. From our own experience we have
identified a gap in the financial sector and also an opportunity for our company.identified a gap in the financial sector and also an opportunity for our company.
I am Sagar (PGDM, IMT Ghaziabad) was previously working with TCS BPS as aI am Sagar (PGDM, IMT Ghaziabad) was previously working with TCS BPS as a
Management Trainee and my friend Dilip (B-Tech Computer Science) currentlyManagement Trainee and my friend Dilip (B-Tech Computer Science) currently
working as a Software Engineer at TCS.working as a Software Engineer at TCS.
Our company Loan Prix helps the customer who desire for a loan by helping themOur company Loan Prix helps the customer who desire for a loan by helping them
choose the best bank in terms of interest rate and the ease of closing the loan at achoose the best bank in terms of interest rate and the ease of closing the loan at a
given time.given time.

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The Problem/Opportunity/NeedThe Problem/Opportunity/Need
Traditionally, though there is tons of information available on internet majority of theTraditionally, though there is tons of information available on internet majority of the
people are not being wise in choosing bank for their need and above that they arepeople are not being wise in choosing bank for their need and above that they are
relying on intermediaries (DSA’s) who are also influencer’s at this stage.relying on intermediaries (DSA’s) who are also influencer’s at this stage.
This is burdening banks and customers with extra cost (in the form of commission)This is burdening banks and customers with extra cost (in the form of commission)
The company provides space for the user on our website to save and secure theirThe company provides space for the user on our website to save and secure their
documents ( like 10documents ( like 10thth
, 12, 12THTH
, UG study/Grade certificates, PAN, etc.), UG study/Grade certificates, PAN, etc.)
This helps them to enjoy the comfort to initiate their loan application with just a clickThis helps them to enjoy the comfort to initiate their loan application with just a click
and we process it on their behalf.and we process it on their behalf.
Loan Prix helps both banks and customers to save their valuable time. The outlookLoan Prix helps both banks and customers to save their valuable time. The outlook
Loan Prix holds down the lane is bring the number of middle men and brick andLoan Prix holds down the lane is bring the number of middle men and brick and
mortar banks office’s considerably down.mortar banks office’s considerably down.

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CustomersCustomers
As an entry strategy our primary focus is educational loan.As an entry strategy our primary focus is educational loan.
Our potential customers are students who are in their final year and areOur potential customers are students who are in their final year and are
aspiring to fly abroad, to pursue professional studies and students freshlyaspiring to fly abroad, to pursue professional studies and students freshly
joining in UG courses.joining in UG courses.
The value propositionThe value proposition
 Learn the best product available in the marketLearn the best product available in the market
 Faster and smooth processing of loanFaster and smooth processing of loan
 Irrespective of the purpose their documents are secure and ready for futureIrrespective of the purpose their documents are secure and ready for future
applications they want to apply for (like insurance, home loans etc.).applications they want to apply for (like insurance, home loans etc.).

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Competition and AdvantageCompetition and Advantage
CompetitionCompetition
Bank Bazaar and Policy Bazaar are in this space for quite some time now.Bank Bazaar and Policy Bazaar are in this space for quite some time now.
They have an advantage of standing ahead on learning curve.They have an advantage of standing ahead on learning curve.
The downside is the processing fees are quite high and the suggestedThe downside is the processing fees are quite high and the suggested
banks are not always the best in terms of interest rate.banks are not always the best in terms of interest rate.
The indirect competition is from the banks. Though they are not offering theThe indirect competition is from the banks. Though they are not offering the
best, customers prefer them as they are acquainted.best, customers prefer them as they are acquainted.
Competitive AdvantageCompetitive Advantage
Transparency of the factors linked to the product that have most impact onTransparency of the factors linked to the product that have most impact on
the judgement of the customer.the judgement of the customer.

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Business ModelBusiness Model
Our goal is to deliver the service through online with minimal or no visits to usOur goal is to deliver the service through online with minimal or no visits to us
or the banks for the customer prior to closing the loan.or the banks for the customer prior to closing the loan.
We educate the customer on the best product available and if they like toWe educate the customer on the best product available and if they like to
have our service, we charge a fee.have our service, we charge a fee.

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Business ModelBusiness Model
Our goal is to deliver the service through online with minimal or no visits to usOur goal is to deliver the service through online with minimal or no visits to us
or the banks for the customer prior to closing the loan.or the banks for the customer prior to closing the loan.
We educate the customer on the best product available and if they like toWe educate the customer on the best product available and if they like to
have our service, we charge a fee.have our service, we charge a fee.