AUAS.Dev Product
Micro Loans
Instant small personal loans with no paperwork
Small urgent loan needs are not served by banks and the alternatives charge predatory rates
The gap between what banks will lend and what people actually need is where the most expensive credit lives. Micro Loans fills this gap with underwriting based on digital transaction history, not just credit bureau scores.
Loan applications require documents that many first-time borrowers simply do not have
Document-heavy processes exclude the people who need credit most. Micro Loans uses Aadhaar eKYC and bank statement analysis to approve applications without physical documents.
Early repayment is penalised, trapping borrowers in the loan term even when they have the funds
Prepayment penalties are designed to maximise lender revenue at borrower expense. Micro Loans charges zero prepayment fee and recalculates interest to the actual repayment date.