Noida, June 13 (KNN) Keeping in view the challenges being faced by MSMEs in accessing loans, fintech player Rubique has come out with its lending solution, the new TAB (Tech Assisted Business Solution) feature.

The feature, designed especially for tablet usage, addresses the concerns faced by SMEs in accessing finance such as tedious paperwork, evaluation of credit history and high rejection rates.

In view of the intricacies required in processing SME finance as well as the lengthy forms to be filled up, Rubique has created the TAB solution offering a wide product portfolio. The products on this solution cover low to high risk capital requirement through 5 broad-level product categories of 2 secured – LAP, MEL; and 3 unsecured – Micro Business Loan (>5 lac) , Unsecured Business Loan, Commercial Vehicle Finance.

The platform also incorporates the Rubique Advantage feature which brings advance technology propositions like eligibility check through matchmaking algorithm, quick decisioning on the application, real time credit bureau check & real-time status tracking by integrating with financial institutions’ systems.

Additionally, the solution also includes advanced technology features like IRIS scan for Aadhar authentication and generation of credit assessment memo (CAM) along with deviations enabling the credit underwriter to take quick decisioning & reduce the processing time further.

Commenting on the newly-introduced solution, Manavjeet Singh, Founder and CEO of Rubique said, “Our country is home to many small businesses, but a majority of them fail to grow due to difficulties faced to get access to finance.”

“Thus, with the help of technology, we have created this solution to ease the complicated lending process, thereby improving and enhancing the customer experience,” he added.