20 August 2024
BharatPe has announced the expansion of its credit offerings to include secured loans for its 1.3 crore merchants. Initially, the company will offer two-wheeler loans through OTO Capital and Loans Against Mutual Funds (LAMF) through Volt Money. Merchants can secure up to Rs 2.5 lakh for two-wheelers with a repayment period of 12-48 months, and up to Rs 1 crore through LAMF. CEO Nalin Negi highlighted that this move will enhance monetization and engagement with merchants, with plans to add more secured loan products within the next three months.
BharatPe has announced the expansion of its credit offerings to include secured loans for its 1.3 crore merchants. Initially, the company will offer two-wheeler loans through OTO Capital and Loans Against Mutual Funds (LAMF) through Volt Money. Merchants can secure up to Rs 2.5 lakh for two-wheelers with a repayment period of 12-48 months, and up to Rs 1 crore through LAMF. CEO Nalin Negi highlighted that this move will enhance monetization and engagement with merchants, with plans to add more secured loan products within the next three months.
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