๐Ÿ˜๏ธ Simplifying real estate mortgage with Navanc

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A Bengaluru startup, Navanc Datasciences, aims to simplify and standardise the way mortgage-based credit is collected.

Story so far: Founded by Nagachetan S M in 2021, Navanc is dedicated to attributing creditworthiness scores to properties and assets. Since receiving loans from banks is a long and tedious process, the startup aims to ease the trouble of lenders when it comes to property valuation for mortgage-based lending.

  • The founder states that there is no standard evaluation method of properties, thereby employing Navanc to homogenise the process.
  • Since the evaluation process is currently in a grey area, loans are disapproved due to a lack of clarity on the property.

Game-changer: After working as a banker for 14 years, Nagachetan saw the unruly process behind approving loans and decided to create a way to streamline the process. This is where Navanc comes in, offering to make lendersโ€™ lives easier. So far, it has carried out 500 property evaluations in Tamil Nadu and Karnataka.

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