is among India’s leading online loans marketplace led by a Gurgaon based team of techno-financial experts working on a mission to bring transparency, simplicity and convenience in the way people borrow money. MyLoanCare’s state-of-the-art, home-grown technology platform enables online delivery of loans and related services to customers with speed and transparency.

Investors : We have recently received a round of Series A equity funding from Ncubate Capital Partners, a private investment arm of SAR Group family office for investments in branding, technology augmentation and growth of our company.

Partners : We have partnered with over 25 leading banks and finance companies operations for providing retail and SME credit across the country.

Geographical Presence : We operate across all customer segments, have a pan India presence in more than 1100+ cities through our partner banks.

Customer Franchise : We have helped more than 30000 borrowers avail a loan through our platform and have received consistently positive customer reviews (Average MyLoanCare customer ratings is 4.3/5 )

Product Offerings : Our key product offerings include home loan, personal loan, gold loan, business loan, mortgage loan, loan against property and credit cards.

Our Website : Our website gets more than 50000 visitors every day attracted by its high quality content targeted at educating the common borrowers by addressing their concerns in availing a loan.

Our Team : We are a team of 140+ professionals across functions of sales, technology, marketing, content, analytics, training and audit. Our management consists of experienced and senior professionals from the field of banking and technology

Form No: MGT 9 of the company for the F.Y. 2019-20

Why do we exist?

Do you agree that EMI's are the largest share of wallet of most working people in the age of 25-40? Yes, most of us spend more on EMI's than we do on all our other expenses put together. MyLoanCare's mission is to help you save something out of your largest spend item. We are India's first focussed online liabilties management firm!
We are a fast growing team of people focussed on bringing a big change. From Sun soaked beaches in Goa to the Himalayas in Guwahati, from tech valley in Bangalore to business hubs in Delhi and Coimbatore, from business-focused Ahmedabad to weekend-focused Gurgaon – we are changing the way people choose and avail loans in India.

Legend of Mr. B and birth of MyLoanCare:

A young energetic professionally qualified investment banker working with a large private sector bank, Mr. B, got the best home loan deal he could imagine. He had successfully negotiated a high value home loan at an attractive rate of 8.25%. Mr. B felt proud of his negotiating skills, after all he was an MBA from one of the IIM’s, had an engineering degree from country’s premier institution, and was a CFA charter holder. He had surely got the best home loan deal, better than anyone else.

A few months later, he received a two line letter from his bank that left him in a state of shock. He couldn’t believe what he had just read. The interest rate on his floating rate loan had been revised upwards by a whopping 175 bps (1.75%) without even a stroke of pen (the letter was digitally signed, hence needed no signature!). That meant an increase in loan tenure from 15 years to 20 years.

With so few words, this letter had achieved so much for the bank, almost. If brevity was a virtue, this bank must be its master. Mr. B spoke to his bank “relationship manager” who said she knew nothing of this letter and that Mr. B should contact the banks’ customer care from his registered email id. Customer care auto-replied “Thank you for writing to us. We have received your query. We will reply within 5 working days.” On fifth working day, someone called Mr. B and asked what was the issue. Mr. B thought the “mistake” was about to be corrected. No, the story had just begun. Customer care officer heard Mr. B and reverted after a few days that the change in interest was as per the second proviso to clause 16 of the first schedule of home loan agreement read together with the last footnote printed on the reverse of the home loan sanction letter and that there was no “mistake” at the bank’s end. The interest rate on Mr. B’s loan had actually risen by 1.75%.

Mr. B offered to prepay the loan or refinance it with another lender. No, the loan could not be prepaid, not even partially, in the first six months, prompt came the reply from bank's customer "care". Bank further added, in its solo gesture of transparency, that any prepayment after six months would attract 2% penalty. And yes, please remember to pay 12.36% “service” tax on that. What, someone said “service”?

As they say, one mostly knows what one knows but one almost never knows what one doesn’t know. Mr. B realized how little he knew about his home loan and its fine print. Mr. B didn’t know his loan agreement. He didn’t know he had been tricked into buying a loan that was not as good as it looked. Mr. B couldn’t catch the non transparent terms he had been made to sign by the bank. A six month battle that went all the way to the office of the RBI’s Banking Ombudsman got Mr. B justice and the bank was forced to roll back the unfair part of the interest rate hike. But something big was about to happen. Eureka!

Mr. B is the founder of MyLoanCare! Today, Mr. B is all too thankful to the bank. The bank had unknowingly delivered Mr. B a life changing idea. All of us need a service that will help them know what they need to know, with transparency and honesty, a service that will not push-sell loans that generate highest commissions but ones that are suitable for the customer. A service that will deliver speed and efficiency and more!
Mr. B knew he needed someone who could understand the world of ones and zeros (ones without a rupee symbol attached to them) and of gigas, megas and teras. So, he thought of his old pal from college Mr. T. He narrated his experience with the bank to Mr. T and asked if he would come along to set up a platform that would actually "care" for the customer. The smile on Mr. T’s face said it all and more.
Mr. T had spent over a decade dealing with issues around technology, hardware, software, processes and automation. Just like Mr. B, Mr. T also stood for some principles in life. Honesty, transparency and professionalism.

Born of this real life experience, MyLoanCare’s mission is to build transparency, fairness and real cost effectiveness to people availing loans. We are there to service a customer’s need through his loan cycle.

MyLoanCare is a team of techno-financial experts that aspire to bring transparency, simplicity and convenience to borrowers in India using technology in innovative ways. Our mission is to:

  • Offer professional advice to borrowers in India
  • Protect the interest of borrowers
  • Help borrowers make informed choices when comparing loans
  • Negotiate best deals for home loans, balance transfer, loan against property, personal loans and business loans,

MyLoanCare is powered by a state-of-the-art custom-made technology platform that enables us to deliver loan related services to customers with speed and transparency.

Mr. B is CEO and Founder of – Gaurav Gupta

Mr. T is Director and Co-Founder of – Deepak Gupta

About A, C-S, U-Z, AA - ZZ:

As MyLoanCare found its feet, professionals across technology, IT, Finance and Customer Servicing joined the bandwagon. All of them are committed to a single mission – to never do to anyone what happened to Mr. B – lest we create more Mr. B’s! We are supported by accomplished consultants and freelancers in the fields of content, database design and optimization.

Press Release
Livemint - 28 January 2020

New home loans for under-construction properties come with strings attached

The Economic Times - 21 January 2020

Few will be able to avail SBI's new home finance 'buyer guarantee' scheme: Here's why

The Economic Times - 9 January 2020

SBI to refund home loan borrowers if builder delays project

The Economic Times - 2 January 2020

The events that led to external benchmarking of loans and what borrowers should do now

Money Control - 31 December 2019

2020 to usher in lower EMIs for SBI’s home loan customers

Livemint - 30 December 2019

Opinion | Scenarios when banks lend even if a property lacks occupancy certificate

The Economic Times - 19 December 2019

Unable to pay home loan EMIs? Here is what you can do

Hindustan Times - 26 October 2019

Homing in on securities: How to borrow safely against your flat

The Economic Times - 22 October 2019

Loans: Festive season offers and should you take them

Money Control - 11 October 2019

Axis Bank Express FD: A safe option, but nothing unique

Livemint - 4 October 2019

Repo-linked interest rates to benefit loan borrowers

Livemint - 2 October 2019

Banks roll out repo-linked lending rates but await further rate cuts

The Economic Times - 26 September 2019

SBI hikes margin over repo rate in new loan scheme from Oct 1

ThePrint - 14 September 2019

Millennials are not afraid of EMIs, Nirmala Sitharaman. They are borrowing and spending

The Economic Times - 10 September 2019

How to start an emergency fund while paying your education loan

The Economic Times - 7 September 2019

How will borrowers' EMIs be reset after RBI decision to link loans to external benchmarks?

The Economic Times - 7 September 2019

PSU bank mergers: Customers of which banks are likely to be impacted and how

The Economic Times - 6 September 2019

Repo-linked loans: Choosing a lender to be much easier as only 2 criteria for comparing loans

The Economic Times - 4 September 2019

Should you opt for a loan against life insurance policy?

Money Control - 14 AUGUST 2019

Repo rate linked home loan: A less expensive option for borrowers

CNBC TV 18 - 3 July 2019

Self-employed? Four steps to ensure your home loan application is accepted

Business Today - 1 July 2019

BT Insight: The how's and why's of getting an education loan

Entrepreneur India - 25 June 2019

Budget 2019: Fintech Companies Hope Government Could Revive the Economy

Inc42 - 21 June 2019

Union Budget 2019: What Do Fintech Startups Want From The Upcoming Budget

नवभारत टाइम्स - 20 June 2019

ओवरड्राफ्ट सुविधा वाला होम लोन लेना चाहिए? जानें फायदे व नुकसान

नवभारत टाइम्स - 19 June 2019

कार बेचनी है? जानें नए खरीदार के नाम लोन ट्रांसफर करने का तरीका

The Economic Times - 19 June 2019

How to transfer a car loan to another person

The Economic Times - 18 June 2019

Should you opt for home loan overdraft facility?

The Asian Age - 17 June 2019

New age fintech products for individuals

India Times - 7 June 2019

Repo rate lowest since 2010 after RBI’s third cut this year

Livemint - 7 June 2019

RBI releases a slew of retail-investor friendly policies

The Economic Times - 7 June 2019

RBI cuts repo rate by 25 bps for 3rd time: Here's how much your EMI may fall

SME TIMES - 4 June 2019

India undergoing fintech revolution: Myloancare CEO

Times Jobs - 30 May 2019

My First Job: Gaurav Gupta, Co-Founder & CEO,

Your Story - 30 May 2019

Smart usage of credit card: How can you reap maximum benefits?

Livemint - 27 May 2019

Professional loans can help set up your practice

Money Control - 21 May 2019

Here's why you should choose shorter tenures while applying for a car loan

Economic Times - 20 May 2019

How to avoid rejection of personal loan application

CNBC TV 18 - 14 May 2019

NBFCs, Fintechs re-defining consumer credit growth in India

Zee Business - 9 May 2019

Need loan? Buying car? Hiring cab? 5 startups that can help you

India Today - 7 May 2019

A little extra goes a long way

The News Minute - 7 May 2019

Looking to finance short-term loans? Here are 5 platforms that can help

Financial Express - 28 April 2019

6 smart tips to keep in mind while applying for a travel loan

Money Control - 26 April 2019

Fintechs welcome RBI’s regulatory sandbox; Anticipate greater innovation

CNBC TV 18 - 25 April 2019

Debit-cum-credit card: Should you opt for this combo card?

Zee Business - 15 April 2019

Debt Market vs Equity Market: Is RBI repo rate cut reaching to the end users?

Financial Express - 8 April 2019

MyLoanCare — the startup that identifies suitable loan offers for a customer

Business Standard - 7 April 2019

Home loans: You can get the best deals even in the MCLR-based regime

Business Standard - 20 March 2019

Availing home loan? How to get the right deal for your property purchase

Livemint - 13 March 2019

Banks revise rates, but don’t transfer your home loan yet

The Asian Age - 5 March 2019

5 reasons you need to fix your credit score right away!

Business World - 2 March 2019

How NBFCs Are Resolving The Credit Deficit In The Country

The Times of India - 2 March 2019

MyLoanCare to raise $10m

APN News - 22 February 2019

MyLoanCare hits Rs 1000 crore loan disbursal milestone in 2018

The Tribune - 20 February 2019

Looking for an education loan?

The Indian Express - 10 February 2019

Education or personal loan: Which is better way of financing higher education?

Financial Express - 10 February 2019

How scrapping of tax on notional rent on second house will affect individual taxpayers

Business Standard - 5 February 2019

Monthly installments on car, home loans may fall marginally on RBI rate cut

Zee Business - 29 january 2019

Money Guru: Things to keep in mind before applying for business loans

The Tribune - 26 january 2019

Realty & expectations: What home buyers want

Inc42 - 26 january 2019

What Fintech Startups Want In Budget 2019: Tax Rebate, Liquidity And Policy Reforms

Your Story - 24 january 2019

Digitalisation, smart integration, innovative technology: How 2019 will reshape the fintech sector

Zee Business - 23 january 2019

Credit card owner? Beware! Do not do this, you must follow these 5 tips to stop loss, increase gains

Start Up Success Stories - 16 january 2019

This Gurgaon Based Techno-financial Platform Enables Online Delivery of Loans

Deccan Chronicle - 12 january 2019

How to smartly deal with the debt on your personal loans

Money Control - 10 january 2019

Availing a loan for your marriage? Keep these key points in mind

Money Control - 3 january 2019

HDFC Bank’s car loan repayment scheme. Worth it or a gimmick?

Deccan Chronicle - 24 December 2018

Fintech supporting newly weds

Financial Express - 24 December 2018

5 smart ways to mend and improve your credit score

Deccan Chronicle - 18 December 2018

MyLoanCare rolls out a free loan portfolio management system

Entrepreneur India - 18 December 2018

Five Steps to Gradually Fix Your Credit Score For Easy Access to Loans

Your Story - 17 December 2018

How new-age technology is improving the loan process in India.

Zee Business - 13 December 2018

Do you want to be eligible for home loan? Follow these guide, know from tenure to credit score

Inc42 - 10 December 2018

RBI Mulls Live Video Authentication As Aadhaar eKYC Alternative

The Asian Age - 7 December 2018

Tech-enabled alternative lending bridging the gaps in India’s credit systems

Economic Times - 5 December 2018

RBI maintains status quo on rates: Is this good news for borrowers?

Economic Times - 30 November 2018

How to track personal loan status

Money Control - 27 November 2018

Applying for a home loan? Stay away from the flat interest rate trap to save money

Business World - 19 November, 2018

MyLoanCare in Digitally Connects Retail and SME Borrowers

Zee Business - 31 October 2018

What is flat interest rate? This is how you are trapped by your home loan, car loan, loan against property!

Economic Times - 17 October 2018

Online lending platforms gear up for festival loan rush with offers, discounts

Times Now News - 16 October 2018

The hidden expense behind every no-cost EMI

Financial Express - 15 October 2018

Looking to invest in fixed deposits? Check out the latest FD rates of SBI, HDFC, ICICI, Kotak, Axis and other banks

DNA India - 10 October 2018

Buying a home? Know your loan eligibility

Financial Express - 5 October 2018

RBI keeps repo rate unchanged, but no guarantee of relief for loan takers; Home, car loan rates may still go up!

Economic Times - 2 October 2018

MyLoanCare to expand operations, focus on digital efforts

Zee Business - 27 September 2018

Festive season to kick start! This is how lenders are gearing to lure customers

Zee Business - 27 September 2018

Credit Cards, loans, EMI schemes in demand as consumers get bullish on festive season

Zee Business - 19 September 2018

Festive season! Don’t let cash crunch, fuel prices mar your joy; avail this option for financial aid

Deccan Herald - 9 September 2018

Take personal loan for medical expenses

The Financial Express - 27 August 2018

How to choose the best home loan repayment option to ensure good financial health

Entrepreneur India - 21 August 2018

Here is Why Customer Acquisition is Still a Challenge for Alternate Lending Platforms

Entrepreneur India - 9 August 2018

How Can You Maintain Good Relationships With Your Peers

Entrepreneur India - 4 August 2018

Here's Why Entrepreneurs Need to Build Good Relationships at Work

Business World - 2 May 2018

Fintech Startup MyLoanCare Closes Series A Funding Worth Rs 6.5 Cr from SAR Group

INC42 - 30 April 2018

Startup MyLoanCare Raises Series A Funding

VC Circle - 30 April 2018

SAR Group’s VC arm backs fintech startup MyLoanCare

Economic Times - 9 October 2017

Don't take festive loan offers from banks at face value

Economic Times - 21 September 2017

Buying a car this festive season? Consider these factors when comparing car loans

Business Standard - 16 July 2015

Transfer your home loan with a top-up

Business Standard - 21 July 2014

Let specialists help you get the best home loan

Management Team at
Founder and CEO
Gaurav Gupta : Founder and CEO
  • Seasoned Investment Banker
  • Total Experience: 18 years+
  • Past Organisation: Kotak, Merrill Lynch
Co- Founder and Director
Deepak Gupta : Co - Founder and Director
  • Technology and Process Automation Expert
  • Total Experience: 18 years+
  • Past Organisation: Ranbaxy, Mahindra Consulting
Co-Founder and Chief Strategy Officer
Shalini Gupta : Co - Founder and Chief Strategy Officer
  • Experienced Banking and Financial Services Consultant
  • Total Experience: 18 years+
  • Past Organisation: ICRA, McKinsey
Chief Technology Officer
Ankit Gupta : Chief Technology Officer
  • Technology expert in BFSI and Fintech
  • Total Experience: 10 years+
  • Past Organisation: IndusInd Bank, PaisaBazaar, RupeePower
Pillars of MyLoanCare
  • Content Manager
    Abhavya Kaushal
    Content Manager
  • Team Leader, Mortgages
    Alok Ranjan
    Team Leader, Mortgages
  • Team Leader, Credit Card
    Team Leader, Credit Card/ Gold Loan
  • Quality Manager
    Divya Mehta
    Quality Manager
  • SME, Training
    Dr. Pallavi Goyal
    SME Training
  • Sr. Manager – Operations
    Kanchan Saini
    Sr. Manager – Operations
  • Project Manager, IT
    Nishant Bhardwaj
    Project Manager, IT
  • Manager - Operations Mortgages
    Sanjay Kumar
    Manager - Operations Mortgages
  • Project Manager, IT
    Sumit Raghav
    Project Manager, IT
  • Team Leader, Mortgages
    Vanisha Thakaral
    Team Leader, Mortgages
  • Floor Manager - Operations
    Vineeta Sharma
    Floor Manager - Operations



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