Title | TATA CAPITAL SALAAM LOANS |
Brand | TATA CAPITAL |
Product / Service | TATA CAPITAL LOANS |
Category | E02. Social Purpose |
Entrant | TATA CAPITAL Mumbai, INDIA |
Idea Creation | LEO BURNETT INDIA Mumbai, INDIA |
PR | REDIFFUSION Y&R Mumbai, INDIA |
PR 2 | EDELMAN Mumbai, INDIA |
Name | Company | Position |
---|---|---|
Saurabh Verma | Leo Burnett India | Chief Executive Officer |
Rajdeepak Das | Leo Burnett India | Chief Creative Officer |
Dheeraj Sinha | Leo Burnett India | Chief Strategy Officer |
Oindrila Roy | Leo Burnett India | Business Head |
Vikram Pandey | Leo Burnett India | Executive Creative Director |
Sagar Parab | Leo Burnett India | Creative |
Geo Joseph | Leo Burnett India | Creative |
Bhuvan Bali | Leo Burnett India | Creative |
Yash Ambre | Leo Burnett India | Creative |
Vipul Joshi | Leo Burnett India | Creative |
Hemal Thakkar | Leo Burnett India | Brand Associate |
Amrita Chatterji | Leo Burnett India | Brand Strategy Director |
Saurabh Mankhand | Indigo Consulting | Vice President |
Navin Kansal | Indigo Consulting | National Creative Director |
Ameya Mukund Mohane | Indigo Consulting | Client Services Director |
Rohan Icchaporia | Indigo Consulting | Account Director |
Priyanka Gopal | Indigo Consulting | Creative |
Anamika George | Indigo Consulting | Creative |
Shaili Contractor | Indigo Consulting | Creative |
Gaurang Bailoor | Indigo Consulting | Creative |
Yatin Tondalwalakar | Indigo Consulting | Creative |
Pankaj Bari | Indigo Consulting | Creative |
Naresh Nair | Indigo Consulting | Social Media Manager |
Sacchidanand Chauhan | Indigo Consulting | Creative |
Vandana Watsa | Prodigious India | Head of Prodigious |
Akshay Multani | Prodigious India | Producer |
Anup Das | Prodigious India | Producer |
Joyeeta Patpatia | Prodigious India | Film Director |
Mohit Israney | Prodigious India | Film Director |
Dileep Dharampuri | Leo Burnett India | Creative Content Editor |
Gaurav Bumb | Leo Burnett | Creative |
Neil Mogre | Leo Burnett | Brand Service Director |
Rajdeep Rahi | Leo Burnett | Associate Producer |
Dileep Dharampuri | Leo Burnett India | Creative Content Editor |
We created - The World’s first democreatized loan. To make loans accessible to the people we changed the eligibility criteria from credit scores to human emotion. We created a product which shifted the power of loan approval from the hands of the banking system to India’s 200 million strong Facebook community, thus revolutionizing the loan approval process. A move that created much needed impact by utilizing the strength of the online Facebook community.
Twitter influencers like Gul Panag, Ranvijay Singh, Rahul Bose, Saina Nehwal and Geeta Phogat encouraged the online community to caste their salaams (Likes) and help deserving applicants to get on the platform for a loan. Native content platforms such as ScoopWhoop and The Better India endorsed the innovative product garnering more support from prominent news portals like Business Standard & TOI to support the cause. Gauri Sawant, India's popular transgender activist elaborated how Salaam Loans would benefit her, at a press meet. While the soft launch took place in March, the campaign was launched on April 2017. After launch, RJ Gautam (one of India's most popular RJ's) from Radio Mirchi hosted an impromptu radio show for Salaam Loans. India's No.1 financial news channel CNBC India appraised Salaam Loans with the headline, "Tata Capital replaces the credit score with Likes". Publications across the country carried the news of Salaam Loans.
Tier 1 : The campaign generated over Rs 7 million worth of earned impressions across print media, electronic media, digital media and social media The revolutionary nature of the product got CNBC, country’s foremost business channel to review the product. Tier 2 and 3: We received overwhelming public support with close to 4 lakhs visit on website in last 2 months. Within the first 2 months of the product launch, we received 1054 loan applications 14 millions engagements with loan approvers on social media. Overall, we had 7 million worth of free impressions.
Using social media we united two disparate communities Community 1: The underprivileged sections of the society who do not have access to loans Community 2: India’s 200 million Facebook community in whose hand the brand wanted to place the loan approval process Relevance: Social platforms build human connections. However, they also tend to breed slacktivism. We wanted to tap people’s penchant for standing out, by converting their most basic social interaction viz. “Like” into worthwhile tangible currency. We decided to leverage the power of social connection to democratize India’s loan approval process. Approach: We created a platform (doright.in) where loan applicants could upload their video applications for Salaam Loans. Social media community was invited to review the applications and salute (salaam) the deserving applications. Every story that garnered a 1000 salaams were granted a loan within a week. This way, we put the power of loan approvals in people's hands.
Website URL | Social Media URL | Social Media URL