Lendingkart enters into co-lending pact with Chola to assist SMEs

With this partnership, Lendingkart goals to broaden its attain to Tier-2 and Tier-3 cities

With this partnership, Lendingkart goals to broaden its attain to Tier-2 and Tier-3 cities

Lendingkart, a fintech firm, on Monday introduced a co-lending partnership with Cholamandalam Funding and Finance Co. Ltd. (Chola) to disburse enterprise loans to small and medium enterprises by digital mode.

With this partnership, Lendingkart goals to broaden its attain to Tier-2 and Tier-3 cities. Lendingkart’s platform will handle origination processes with their tech platform utilizing zero-touch options, it stated in an announcement.

“This collaboration with Lendingkart will facilitate comfort to these SMEs and MSMEs who’re searching for enterprise loans, making the general course of quicker and seamless,” stated Ravindra Kumar Kundu, Govt Director, Chola.

Since its inception in 2014, Lendingkart Group stated it has evaluated virtually half one million purposes, disbursing over 1,40,000 loans to greater than 200,000 MSMEs. It has disbursed $1.5 billion value of loans.

By- The Hindu

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