Top News

IndiaMart.com partners with Religare Finvest to provide loans for SME entrepreneurs

Indian online B2B marketplace IndiaMart.com has partnered with Religare Finvest Limited (RFL), lending arm and a wholly-owned subsidiary of Religare Enterprises Limited, to offer a suite of loan products to small and medium entrepreneurs (SME) in the country. This strategic association entails a solution of lending on commercial earning assets through RFL’s three lines of business like SME loans, loans against property and loans on commercial assets.

Indian online B2B marketplace IndiaMart.com has partnered with Religare Finvest Limited (RFL), lending arm and a wholly-owned subsidiary of Religare Enterprises Limited, to offer a suite of loan products to small and medium entrepreneurs (SME) in the country. This strategic association entails a solution of lending on commercial earning assets through RFL’s three lines of business like SME loans, loans against property and loans on commercial assets.

Besides this, the tie-up will also bring commercial vehicle loans that will serve the interest of new and used three-wheel vehicles, multi-utility vehicles, light and heavy commercial vehicles, tractor trailers, buses and high-end cranes. IndiaMart also brings Religare’s construction equipment loans services specifically for the purchase of new and used construction equipment, including earth-moving machinery such as JCBs, excavators, backhoe excavators and wheel loaders.

According to IndiaMart, this move comes as an address to the essential capital which Indian entrepreneurs often need to start or expand their business. “Credit has always been an issue with the SMEs and through this initiative we aim to address this issue of access to finance. We are delighted to partner with RFL and I am certain that this will facilitate SMEs in availing better credit facilities,” Dinesh Agarwal, founder and CEO, IndiaMart has said.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close