From our vantage point, we have the ability to straddle opportunities in credit, investment banking and fund management. We understand the needs of our investors as well as the needs of our clients. Through a combination of our capital, products and partnerships, we connect millions of borrowers to mainstream debt investors. Our rigorous credit underwriting approach and our in-depth understanding of capital markets allows us to offer efficient debt solutions for client partners and attractive risk-return opportunities for debt investors.
We serve our retail borrowers through a tech and data analytics-based lending platform. Backed by a strong understanding of retail lending processes and the performance of retail loans, we initiated our Retail Lending Partnerships in Fiscal 2016.
We were one of the first NBFCs to implement such a model. Over the last five years we have been able to achieve seamlesstechnology integrations with our Retail Lending Partners. This integration spans across major business processes like sourcing, underwriting, disbursements, collections and customer servicing. The digital integration ensures a seamless flow of customer data at the time of customer onboarding, which is processed using automated credit decisioning for small ticket size loans and is supported by a team of credit managers for larger ticket sizes.
As of March 31, 2021, our platform had disbursed more than 2.50 million loans amounting to over Rs. 17,500 million.
As of March 31, 2021, our financing offerings through this vertical comprises of microfinance loans, MSME finance loans, vehicle finance loans and consumer finance loans with ticket sizes ranging from Rs. 10,000 to Rs. 50 lakhs.
The underwriting of these loans is heavily supported by our analytical models which are increasingly built using machine learning techniques. These underwriting models are recalibrated periodically by incorporating more variables and features as we disburse more loans and collect more data.
In order to lend to this borrower segment, we partner with multiple categories of Retail Lending Partners (i.e. financial institutions, technology platforms such as fintechs, and business correspondents) who provide us with necessary support in various functions such as loan origination, execution of loan documents, collections, etc. Further, if the Retail Lending Partners is a financial institution, such Partner may also assume a percentage of the credit exposure to the retail borrowers along with our Company.
We provide loansusing a straight through processing (STP) approachimplemented in select Retail Lending Patnerships for consumer loans and microfinance loans. Under this approach, the entire process of customer origination through disbursement cam be completed within one minute.
Through Nimbus and integration with our Retail Lending Partners, we are able to serve our customer 24X7 currently with more than 400,000 successful transactions done on a monthly basis. The platform is capable of handling more than one million loans on a monthly basis which allows us to pursue our growth plans.
Most of our Retail Lending Partners in the financial institution category were existing clients of our Company. We carefully evaluate the suitability and capability of the Retail Lending Partner while on-boarding them for our retail lending business. We identify potential Retail Lending Partners by participation in industry meets and seminars, networking with industry influencers, through private equity funds, referrals and incoming enquiries.
If a potential Retail Lending Partneris not already a client of Northern Arc, our business team carries out a pre-DD assessment and if this establishes the preliminary feasibility of partnering with that entity, a detailed diligence is conducted. In addition to governance, management information systems and operational and financial performance, the diligence exercise puts great emphasis on integration of the technology platform of the potential Originator Partner with Nimbus, given that the business is designed to be a low-touch operation, i.e., through automated systems. Upon completion of the diligence, a DD report is presented to the CC and includes a recommendation on the proposed product, credit policy, operating framework and the FLDG that we should procure from the Originator Partner for loans originated under the said partnership.