RattanIndia launches MSME loans to cater to financial needs of small businesses
Mumbai, Apr 24 (KNN) In a bid to facilitate easier credit access to Micro, Small and Medium Enterprises (MSMEs), RattanIndia has launched MSME loans to cater the financial needs of small businesses.
RattanIndia Finance, a joint venture by Rajiv Rattan and US-based private equity Loan Star Funds plans to cater the MSME segment with its retail lending offering which is powered by a newly developed technology platform and backed by strong data analytics to provide customers with an easy and seamless experience.
MSMEs can avail a range of financial solutions vis-à-vis access to business loans, working capital, invoicing and supply chain financing which will help them accelerate their growth.
This lending offering will allow MSMEs to avail a range of financial solutions, like access to business loans, working capital, invoicing, and supply chain financing, which will help them accelerate their growth.
In a statement, Chairman and CEO, RattanIndia Finance, Rajiv Rattan said, MSMEs play a crucial role in the economic and social development of the country. Our key objective at RattanIndia Finance is to empower MSMEs to realize their full potential by helping them with their credit needs.
“We are greatly looking forward to filling a vast gap in credit availability and simplify borrowing experience in this sector”, he added.
RattanIndia Finance retail lending business currently offers personal loans, SME secured and unsecured loans, and loan against property to salaried and self-employed customers. It plans to add more products to the consumer and to cater to the SME space during the year.