Major fintech company based in New Delhi bharatpe has launched secured loan offers for its businessman Partners. The fintech company has launched two new lending products – two-wheeler loans and loans against mutual funds (LAMF).
The launch marks BharatPe’s first foray into secured lending, following its success in unsecured lending over the past few years.
Partnership with OTO Capital, Volt Money
To facilitate these new loan offerings, BharatPe has partnered with OTO Capital and Volt Money.
OTO Capital, a digital lending and trading platform, will enable BharatPe merchants to provide loans for two-wheelers. These loans can be up to Rs 250,000, with flexible repayment options ranging from 12 to 48 months. The entire process is digital, ensuring a seamless experience for users.
Volt Money will facilitate loans against mutual funds (LAMF), allowing traders to borrow up to Rs 1 crore.
The offering aims to provide traders with easy access to capital, ensuring they can meet their trading needs without any hassle.
Both OTO Capital and Volt Money will manage the disbursement and collection of these loans, simplifying the process for BharatPe merchants.
Expanding financial access for merchants
BharatPe CEO Nalin Negi emphasized the company’s continued commitment to empowering merchants through innovative financial products.
“BharatPe was started in 2018 with an aim to empower millions of offline merchants with next-generation fintech products. Over the course of the last few years, we have made tremendous progress and have facilitated collateral-free loans of over Rs 15,000 crore to our merchant partners,” Negi said.
He said the introduction of secured loans would further strengthen the company’s lending portfolio and enhance its engagement with merchants.
Diversification of product offering
The launch of secured loans is part of BharatPe’s broader strategy to diversify its product offering and create new revenue streams.
The company plans to launch additional secured lending products in the coming months, catering to a broader range of merchant needs.
In 2022, the company entered the gold loan segment for its traders by partnering with NBFCs, offering loans of up to Rs 20 lakh against a gold pledge.
Currently, it has a base of more than 13 million merchants.
Sumit Chhazed, CEO, OTO Capital, said, “Our mission is to make two-wheeler ownership accessible and affordable for all aspiring entrepreneurs in India. Together, we are committed to providing accessible mobility solutions that will help businesses thrive.”
Similarly, Bharat Lamba, Co-Founder and COO, Volt Money, said, “By providing instant loans against mutual funds, we are uniquely positioned to meet the short-term liquidity and working capital needs of MSMEs, enabling and empowering them financially.”
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