What is Viva Money?
Viva Money, an instant personal loan app offers quick loans & credit line up to ₹2 lacs. Download & get funds in less than 15 minutes with its personal loan app!
Problem
Users need quick access to personal loans but face long approval times and extensive paperwork with traditional banks, along with limited accessibility for underserved populations.
Solution
A mobile app offering instant approval and disbursement of loans up to ₹2 lacs within 15 minutes, using AI-driven credit assessments and minimal documentation requirements.
Customers
Indian residents aged 18-45, including freelancers, gig workers, and small business owners seeking emergency funds or short-term liquidity.
Unique Features
Real-time credit line approval, no collateral requirement, and seamless integration with banking systems for instant fund transfers.
User Comments
Quick disbursal saves emergencies
Easy app interface simplifies borrowing
High interest rates compared to banks
Limited loan amounts for new users
Good for urgent needs but risky habit
Traction
Launched in 2022, featured on ProductHunt with 500+ upvotes. Specific metrics like user count or revenue not publicly disclosed.
Market Size
India's digital lending market is projected to reach $350 billion by 2023, driven by fintech adoption and underserved credit demand (Source: Inc42).
