New Delh : Non-banking finance company Capital Trust Limited (Capital Trust), specialising in providing income generating micro business loans in tier 3-5 regions, on Thursday announced that it has entered into a long term funding partnership with some of the leading financial institutions. The tie up will allow Capital Trust to build a strong capital base with high level of liquidity.
With this business correspondence relationships, Capital Trust will be able to expand its credit portfolio of income generating micro loans among rural India’s underserved population.
“Capital Trust has entered into funding relationships with a bank, two NBFCs and a P2P lending company. These arrangements will enable Capital Trust to expand its digital lending footprint in tier 3-5 regions, primarily in Northern India. Financial inclusion through digital disbursement is at the heart of Capital Trust’s business model. Merging best practices of fintech and traditional financing, the company has been offering 2 loan products: Capital Magic Loans (unsecured digital loans with a ticket size of INR 30,000 and tenure of 12 months) and Micro Business Loans (unsecured digital loans with a ticket size of INR 60,000 and tenure of 24 months)” Mr. Yogen Khosla, Chairman and Managing Director, Capital Trust Limited, said.