Godrej Capital announces unsecured Business Loans in 31 markets to empower MSMEs

Godrej Capital

Godrej Capital, the financial services arm of the Godrej Group, announced the launch of unsecured business loans focused for micro, small and medium-sized enterprises (MSMEs). Recognising the significant difficulties small companies confront and wants to offer accessible financing choices that match their particular requirements for managing cash flow by providing creative and flexible repayment options.

In addition, the loan offers a number of other advantages, such as a fully digitalized application process, speedy approval and disbursement, a longer term of up to 60 months, and an industry-first reward programme for on-time repayments.

MSMEs are essential to India’s economic development because they foster innovation, job creation, and general prosperity. However, these companies frequently require assistance in obtaining quick and adaptable finance options. Their growth and expansion aspirations may be hampered by issues including a lack of collateral and cyclical business cycles. By offering flexible lending options that let MSMEs pay back their loans in time with their business cycles, Godrej Capital is tackling this issue.

Godrej Capital will be offering business loans across Mumbai, Bangalore, Delhi-NCR, Pune, Ahmedabad, Surat, Indore, Chennai, Hyderabad, Jaipur, Chandigarh, Alwar, Aurangabad, Baroda, Coimbatore, Jalandhar, Jodhpur, Kanchipuram, Mangalore, Salem, Ludhiana, Mysore, Nagpur, Nashik, Rajkot, Udaipur, Vapi, Vijayawada, Rangareddy, Visakhapatnam and Thane.

“We understand the challenges MSMEs face and their critical role in driving economic growth and are happy to expand our product offerings through unsecured business loans. We have expanded our geographic presence and now offer business loans in 31 key markets. We are committed to becoming a lender of choice for MSMEs by developing innovative, flexible products that complement the cash flows of a business owner,” said Manish Shah, Chief Executive Officer of Godrej Capital.

Also Read | Godrej Capital launched a digital platform to assist MSMEs growing their operations

Nirmaan, a new digital platform recently introduced by Godrej Capital, offers MSME owners a comprehensive opportunity to expand their companies. To expand its potential market reach, streamline legal and compliance requirements, improve employee health and welfare, and offer business coaching to small enterprises, the company first teamed with Amazon Global Selling, Onsurity, Zolvit, and MSMEx.

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