BharatPe, a leading name in India’s fintech sector, has announced its entry into the secured loans market, specifically tailored for its merchant partners.
The company has introduced two new secured loan products, two-wheeler loans in collaboration with OTO Capital and Loans Against Mutual Funds (LAMF) in partnership with Volt Money.
These offerings are aimed at providing merchants with enhanced financial flexibility and are part of BharatPe’s broader strategy to expand its loan portfolio.
Merchants using the BharatPe platform can now access two-wheeler loans of up to ₹2.5 lakh through OTO Capital.
These loans are designed to be affordable, with competitive interest rates and a fully digital application process.
Borrowers can choose repayment periods ranging from 12 to 48 months, providing flexibility in managing their finances.
This initiative aligns with OTO Capital’s mission of making two-wheeler ownership more accessible and affordable, particularly for India’s vast community of small and medium-sized entrepreneurs.
In addition to two-wheeler loans, BharatPe has partnered with Volt Money to offer Loans Against Mutual Funds (LAMF).
This product allows merchants to avail of loans up to ₹1 crore by leveraging their mutual fund investments.
The LAMF product is intended to meet the short-term liquidity and working capital needs of merchants, offering a swift and digital financing solution.
Volt Money’s involvement ensures that the loan disbursal process is seamless, catering to the diverse financial needs of BharatPe’s merchant base.
Nalin Negi, CEO of BharatPe, expressed enthusiasm about the new product offerings, stating, ” I am excited about the launch of the secured loans offerings as this further bolsters the credit portfolio enabled by BharatPe and underscores our commitment to enable credit access to our merchants. I would like to thank OTO Capital and Volt Money for joining hands with us to enable credit for our 1.3 crore+ merchant partners.”
Sumit Chhazed, CEO of OTO Capital, echoed this sentiment, highlighting the potential of the partnership to revolutionize mobility for entrepreneurs across India. “We believe in the power of mobility to transform lives. Our mission is to make two-wheeler ownership accessible and affordable for every aspiring entrepreneur in India. Together, we are committed to providing accessible mobility solutions that will help businesses thrive. ” he said.
Bharat Lamba, Co-founder & CBO at Volt Money, also commented on the partnership, noting the alignment of both companies’ missions towards financial inclusion. “By providing instant loans against Mutual funds, we are uniquely positioned to meet the short-term liquidity and working capital needs of MSMEs, thus enabling and empowering them financially.”
These secured loan offerings will be integrated into the BharatPe platform, with loan disbursement and collections managed by the respective partners.
BharatPe plans to expand its secured loan portfolio over the next few months, introducing a wider range of products to better serve the financial needs of its merchant partners.
About BharatPe
Founded in 2018, BharatPe has quickly risen to prominence in the fintech space, with a network of over 1.3 crore merchants across 450+ cities.
The company’s latest venture into secured loans represents another step in its mission to drive financial inclusion and provide comprehensive financial solutions to India’s MSMEs.
