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Cash Suvidha emerges as a financial lifeline for Indian entrepreneurs

News Agencies | Updated on: 28 June 2017, 14:43 IST

In an endeavor to ease out the immediate fund requirements of entrepreneurs, who are starved of institutional credit, Cash Suvidha is increasingly becoming a popular platform for hassle free unsecured loans.

Known to be one of India's fastest growing Fintech company, Cash Suvidha has been actively giving a hand to start - ups, SMEs, MSMEs, Personal Loan and women entrepreneurs for an unsecured funding amount up to Rs. three lakhs, a secured loan up to 10 lakhs and a loan of Rs. 50,000 for those looking at setting up any kind of income generation avenues.

Loan seekers can visit www.cashsuvidha.com, upload their documents and can apply 24X7, all 365 days, anytime and anywhere in the country. Interestingly, the processing is as quick as application, entrepreneurs can also have the loan disbursed within 72 hours*.

"Micro, Small and Medium Enterprises (MSMEs), start - ups, SMEs play a vital role in the framework of a country's economy, yet they are unable to get on to the list of customers by big banks and financial institutions due to various factors like inability to provide identity documentations, absence of collateral, credit history etc. Even if they met these factors, the small ticket size still made it an unexciting prospect for formal institutions. So, we decided to tap this huge market and provide a solution", said Rajesh Gupta, Founder, CashSuvidha.

At the moment, Cash Suvidha is leveraging technology for authentication and credit assessment by increasingly turning our lending platform into an online automated scoring and lending portal.

They also keep a track of an individual's past digital activity including social media footprints and use them for credit assessments thus opening up the potential of inclusive digital lending. They are providing loan in 72 hours after receiving all the documents.


First published: 28 June 2017, 14:43 IST