Cash Suvidha targets Rs. 100 cr loan disbursement by March 2018

ANI | Updated: Nov 16, 2017 13:27 IST

New Delhi [India], Nov 16 (ANI): In an endeavor to ease out the immediate fund requirements of entrepreneurs, Cash Suvidha, India's fastest growing Fintech company announced loan disbursement of worth Rs. 100 crore by March 2018.

Out of 100 crore, the company has already achieved the target of having disbursed 56 crore in financial year 17-18 to SBL, SMEs, MSMEs and Personal Loan.

The brand offers a varied range of financial solutions to its clients that includes unsecured funding amount up to Rs. three lakhs, secured loan up to 10 lakhs and loan of Rs. 50,000 for those looking at setting up any kind of income generation avenues.

"As a leading digital lending platform, our aim is to uplift the journeys of budding entrepreneurs as well as enduring business personals. And we are glad to announce that we have already disbursed to more than 27,000 borrowers," said founder Cash Suvidha, Rajesh Gupta.

"We have successfully disbursed the loan of Rs. 88 crore, since our inception in 2016 and we are targeting three times the growth in the next fiscal," added Gupta.

Now, loan seekers can easily visit, upload their documents hassle free anytime and anywhere in the country. Interestingly, the time duration of processing the loan is 48 hours which is as quick as application. (ANI)