The company provides online loans to small businesses and MSME segment. As per the sources, Prest Loans new office would be opening in Jaipur at F-26, 2ndfloor, Gautam Marg, Amrapali Circle, Vaishali. The location has been preferred as demand for loans from the area is reported to be on the higher side.
“Plans to develop operations in Jaipur, Rajasthan were initiated by very encouraging demand from this area from a variety of businesses. Jaipur is a high growth location where we have seen trading, industrial and services industry expanding better than many other locations. The nearby area around Jaipur is witnessing unprecedented demand for credit. The opening of Prest Loan’s new office is an important step towards realizing our goals,” said Ashok Mittal, Chief Executive Officer (CEO) and Founder, Prest Loans.
The branch is company’s first of several pivotal steps taken in the present financial year.
Through its new branch, Prest Loans will enable its clients in Rajasthan to avail services such as unsecured business loans up to three years, Secured business loans (with collateral) for Short Term of validity up to five years and Secured business loans (with collateral) for Long Term of up to 10 years.
Ashok Mittal, a well-known Commodity and financial market expert recently took over the New Delhi based NBFC Lord Krishna Financial Services Ltd. and relaunched it as Fintech NBFC “Prest Loans”.