FinClub launched SME Loans. The interest rates offered aim to enable SMEs to benefit from efficient management of their liquidity needs. FinClub's new offering aims to support local businesses by providing them with quick and flexible access to essential funds targeting their growth and development.

“Our goal is to provide businesses with the financial resources they need to thrive,” says Riken Toocaram, Chief of Marketing and Business Growth at FinClub. According to her, SMEs are the engine of economic growth and FinClub is determined to help them reach their full potential.

SME Loan from FinClub

Loans: ranging from Rs 50,000 to Rs 1 million
Flexible repayment period: 6 to 36 months.
Interest rate: from 10% per year

As of April 30, 2024

• 6,737 loan applications
• Total amount: Rs 564.5 million
• 909 loans facilitated for an amount of Rs 83.4 million
• Among Rs 7.4 million disbursed to self-employed workers and SMEs
• Community of lenders: more than 600 members
• Cumulative interest earnings: Rs 2.65 million (so far)

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