TradeIndia, one of the largest India's B2B marketplaces this week launched TI Lending, a digital loan solution that will offer a complete digitised solution with zero paperwork and offers instant business loans up to RS 50 Lakhs (£52.6K) with a disbursal time of 24 hours.
TI Lending will start with three products during the first year: working capital loan, supply chain financing loan and a subscription-based offering for MSMEs who opt for TradeIndia’s products for digital transformation. The loan value for all these products can go up to Rs 25 lakhs (£26,3K) with the interest rate starting from 16 per cent.
