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Lendingkart, Paytm join hands for collateral-free business loans

  • LendingKart, a credit
    evaluation and loan platform, has tied up with Paytm to offer collateral-free
    loans to SMEs and sellers through the mobile payments wallet, reported the
    Press Trust of India.
  •  
  • The step aims at
    • LendingKart, a credit
      evaluation and loan platform, has tied up with Paytm to offer collateral-free
      loans to SMEs and sellers through the mobile payments wallet, reported the
      Press Trust of India.
    •  
    • The step aims at
      working towards bringing ease of financial assistance to small and medium
      enterprises and merchants across the country, Lendingkart said in a statement.
    •  
    • The company wants to simplify
      the credit evaluation process, through efficient use of technology, making loan
      disbursement in three days at fair interest rates, it said.
    •  
    • “The benefits we
      provide at Lendingkart allow the entrepreneurs to focus on building their
      businesses instead of worrying about gaps in their cash-flows,”
      Lendingkart Chief Executive Harshvardhan Lunia said.
    •  
    • “Through this
      initiative, we have attempted to simplify the process of loan disbursement and
      made capital accessible to everyone via our completely online application
      process,” he said.
    •  
    • Lendingkart further
      said it aims at serving loan demand in the semi-urban and tier-II cities as
      well, through its simplified process.
    •  
    • Paytm said it is
      looking forward to expand its seller base, through this partnership with a
      concentrated focus on SME development. “Our commitment is to provide our
      merchants with a simple, seamless selling experience on our platform without
      having to worry about issues like arranging funds for operational
      purposes,” Renu Satti, Vice-President – Business, Paytm, said.
    •  
    • “I believe that
      through this partnership with Lendingkart, we will move towards that direction
      and bring more sellers on board,” Satti added.
    •  

     

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