No, we don’t sell any financial product. Instead, we only give recommendations depending upon your present financial situation and keeping in mind your future goals and objectives. There actually might be recommendations where we would want you to exit products, like selling off your low ROI (Return on investment) mutual funds to pay off your high-cost personal loan.
You as a user are completely free to take this recommendation and choose any medium to take the product from. However, we do have our fulfilment program which facilities the process of purchasing a product.
The best part of this; you get no sales call or sales email/SMS from us.
Recommendations in the app are generated using a complex algorithm. What it does is builds your profiles and then basis that starts to evaluate various recommendations. Once it identifies the best recommendations across products it shows them to you
The consumers whom we are able to recommend the best typically earn between Rs. 5-30 lacs and have age less than 35 years.
Unfortunately, beyond that our engine’s learning is limited and the recommendations given may not be accurate.
Its better to tell this upfront rather than give false recommendations
We don’t collect any personal data. At the time of registration, we take your consent to get your credit information from a bureau.
Basis this information and other variables we then try to predict your consumer profile instead of asking you to upload data or linking your personal accounts.
This is the core difference in just investing versus actually building your wealth. Wealth is built on a solid foundation of protection in the form of savings and insurances. Once you have that then we can leverage tax savings, investments, Home Loans, etc to build assets for you.
RefreshMint App checks how sturdy your foundation is. In, fact unlike others we don’t give any investment recommendation till the foundations are in place.
The biggest difference is that we don’t give any generic recommendations. In fact, if you use our AMA feature and ask us something the response is tailored on your profile instead of a generic answer.
And all this is dynamic. As your life changes or new events happen you can simply keep updating information in it and our recommendations, products will keep changing
The data which you share is confidential. We do not share your information with anyone. It is used to complete our internal check so that we understand you better.
As of now, our recommendations are free. The reason why we have kept it free is for many users to come back and tell us why it works or didn’t work for them.
Basis that we will be able to adjust our recommendation to help you serve better
Just your basic information like monthly income, your monthly investments, your insurance, etc. And no we don’t need any scan copies of these. Just input your values and our data engines will adjust them out.
YES!! The data is kept in AWS servers which have the highest protection levels. They are also masked using 256-bit encryption models.
The app is available on app and play store. Since its completely free do download, try and take it for a spin.
To start with checking your bureau recommendations and then put data in any of the sections you want to get advice onl