Consumer Lending Business Seeking Loan in Hyderabad, India

Firm providing recovery agent services having tie-ups with 5 leading banks.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 50 thousand
EBITDA Margin
40 %
Industries
Locations
Local Time
12:56 PM Hyderabad
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 7 thousand for 10.0% annual interest, 2.0 years (Native Currency: INR 500,000)
Reason: To develop online App for our business.
Collateral Available: USD 0
Includes physical assets worth USD 700
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview

- We act as a recovery agent for the collection of loan given to customers by the bank.

- Our major operation is in Andhra Pradesh and Telangana and we we have tie-up with ICICI, Canara Bank and SBI.

- We get between 0.8 - 1 % of the loan recovered as our commission.

- We are planning to launch our online platform to help our users with the details regarding the prevailing interest rate, eligibility criteria and other procedure for acquiring loan from a bank.

- Promoter has a business experience of 15+ years and has also worked with various banks.

Products & Services Overview

Recovery agent on behalf of the bank for collection of loan amount.

Facilities Overview
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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