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get a loan within 24 hrs! amazon india launches lending network for sellers

get a loan within 24 hrs! amazon india launches lending network for sellers Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



get a loan within 24 hrs! amazon india launches lending network for sellers

in another india-first initiative, amazon has launched a lending network connecting lenders and its sellers, who will be able to avail loans at competitive rates in as swiftly as 24 hours. the amazon lending programme will offer loans, including term and overdraft loans, between rs 200,000 and rs 50 million depending on the requirement of the seller via an online application process. the e-commerce giant has brought on board six lenders, including aditya birla finance, bank of baroda, capital first, capital float, flexiloans and yes bank, to provide a wide range of loans to the sellers to expand their businesses online. “our sellers come from different parts of the country with different needs. lack of working capital is one of t...