Paisabazaar closes its largest Working Capital loan of Rs 4.5 Crore disbursed by Axis Bank

The working capital loan sourced through the Paisabazaar platform was disbursed by Axis Bank, India's third largest private sector bank to a self-employed consumer from Gujarat.

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Photo by rupixen.com on Unsplash

Paisabazaar is said to have closed its largest working capital loan of Rs 4.5 crore, it said in a statement.

The working capital loan sourced through the Paisabazaar platform was disbursed by Axis Bank, India’s third largest private sector bank to a self-employed consumer from Gujarat.

“Paisabazaar has helped me find the best loan offer with ease. Both Paisabazaar and Axis Bank guided me on every step of the process. The entire experience was hassle-free,” said the consumer in the Paisabazaar statement, who runs a wholesale business near Ahmedabad. (The identity wasn’t disclosed by Paisabazaar).

Sumit Bali, Group Executive & Head – Retail Lending, Axis Bank said in the statement, ‘’We, at Axis Bank, are committed to ensure that the availability of credit is made easy and seamless for all consumers. SME are the backbone of the economy, we understand the challenges faced by self-employed individuals in availing loans to grow their business. Our endeavour through this partnership with Paisabazaar.com would be to offer comprehensive financial solutions to them, with an enhanced customer experience.’’

Ajay Mishra, Head of Business Loans, Paisabazaar, said in the statement, “By offering a wide choice, easy digital processes, innovative products along with expert advice and assistance, Paisabazaar is focussed on providing personalized lending solutions to empower India’s MSME sector. The success of our deep partnership with Axis Bank is a testimony to that.”