Fintech NBFC “Perst Loans” foray into Rajasthan operations

Perst Loans the new age FinTech NBFC, offering online loans to small businesses and the MSME segment, has expanded its operations by opening a new office in Rajasthan.

The company announced that it will open an office in Jaipur at F-26, 2ndfloor, Gautam Marg, Amrapali Circle, Vaishali, Jaipur as there has been a lot of demand for loans from this region. The company has received applications for all kinds of small business and SME loans.

“The operations development projects in Jaipur, Rajasthan have been started by very encouraging demand from various companies in this region. Jaipur is a fast growing place where we have seen commerce, industry and services develop better than many other places. around Jaipur is experiencing unprecedented demand for credit. The opening of the new Perst Loan office is an important step towards achieving our goals, ”said Founder and CEO Ashok Mittal.

The new branch will be the first of many significant changes for the company in 2017. Perst Loans will offer its Rajasthan clients unsecured business loans for up to three years, short term secured (collateralized) business loans for up to five years. years and secured loans business loans (with collateral) long term up to 10 years.

Perst Loans uses a proprietary algorithm using lots of other data which determines loan amount, interest rate and land tenure based on internal rating system. The Fintech platform places great importance on the applicant’s personal, social and family background – the non-financial aspects – as well as business data analyzed by the credit team. The online lending platform approves loan applications within minutes once the required information and documents are submitted.

Commodities and financial markets expert Ashok Mittal had recently acquired New Delhi-based NBFC Lord Krishna Financial Services Ltd. and renamed it Fintech NBFC “PREST LOANS”.

Prest Loans offers short or long term loans, with or without collateral, to new and existing businesses, including micro, small or medium enterprises (MSME unit) in any type of business. The loan term is flexible depending on the needs of the business and the cash flow analysis.

(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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