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Consumer Lending Business Seeking Loan in Hyderabad, India

Firm providing loans and financial services having tie-ups with all leading banks in India.
This transaction has concluded.

Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales USD 400 thousand
EBITDA Margin 40 %
Industries Consumer Lending
Locations  Hyderabad
Local Time 3:10 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 14 thousand for 10.0% annual interest, 2 years (Native Currency: INR 1,000,000)
Reason: To develop online App for our Insurance business along with loans.
Collateral Available: USD 0
Includes physical assets worth USD 700
Interested to connect with advisors
Documents
Business Overview

- We act as a Direct Selling Agent (DSA) for the loan service facilitation to customers by the bank.

- Our major operation is in Andhra Pradesh and Telangana and we we have tie-up with ICICI, HDFC, Axis Bank, Canara Bank, SBI, Indiabulls, TVS Credit, Neo-Growth, Incred and Avanse.

- 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 17+ years and has also worked with ICICI Bank, Food & Pharma Industry in India & Abroad.

Products & Services Overview

Direct Selling Agent on behalf of the bank we sell Home Loans, Mortgage Loans, Overseas Education Loans, Personal Loans and Business Loans to the customers in India.

Facilities Overview

Operating from our registered office. We have single floor taken on lease.

Recent Activity
  • Earlier than 15 days
    Managing Director, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    CEO, Translation, Atlanta, Individual Investor / Buyer connected with the Business
  • Earlier than 15 days
    Independent Advisor, Hyderabad, Financial Consultant connected with the Business
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This transaction has concluded. View similar business opportunities on SMERGERS
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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