SmartLoans.sg Gets Smarter, Makes Money
According to founder Vinod Nair, changes to the site include a total revamp of its user interface to make it “more user-friendly”, adding a commercial propoerty wizard for investors looking to buy commercial property. SmartLoans.sg now offers renovation and business loan services as well, and has added Citibank and CIMB Bank to its panel of banks, bringing it to a total of 10 banks.
“We’ve also upgraded the wizard, so users can now compare between loans for completed and uncompleted property, as well as specify their Loan to Value ratio,” Vinod says. He recently revealed to web startup community site e27 that SmartLoans.sg has closed some S$30 million in loans to date and is now profitable.
Well done, Vinod!
Daniel Goh is the founder and chief editor of Young | Upstarts, as well as an F&B entrepreneur. Daniel has a background in public relations, and is interested in issues in entrepreneurship, small business, marketing, public relations and the online space. He can be reached at daniel [at] youngupstarts [dot] com.