GST Sahay – Online PSB Loans
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Secured Finance for MSMEs
Nomination
- Indian MSMEs still face challenges getting access to finance from formal banking channels.
- Collecting and verifying data takes considerable time and effort for a lender.
- Probability of fraud due to inaccurate data collection.
- Tedious lending procedures, huge paperwork, inflexible collateral requirements, slow disbursements, little product knowledge, higher interest rate loans, etc.
Achievements
- GST-Sahay enables MSMEs to compare loan offers from multiple lenders & choose the best one.
- Facilitates short-term loans per GST invoice based on MSME’s GST, Bank Account & Bureau data.
- Facilitate direct loan disbursement with faster & smoother loan processing and a high level of data privacy.
- Loan applications can be monitored in real-time, and loan repayment provisions will be in auto-debit mode on a specific date & time.
SKOCH Award Nominee
Category: Other – FinTech
Sub-Category: Other – FinTech
Project: GST Sahay
Start Date: 2022-08-23
Organisation: Online PSB Loans
Respondent: Mr Jaymin Pankaj Bhai Kansara, Marketing Manager
no website at present
Level: Bronze Plus (FinTech)
For more information, please contact:
Mr Jaymin Pankaj Bhai Kansara, Marketing Manager at Jaymin.kansara@onlinepsbloans.com
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The best way to show your appreciation for this project is to click some advertisements and keep a count of how many you clicked. You will be asked for the number of advertisements that you clicked before you can vote. The money generated through this supports our social action.