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Amazon plans to expand its Axio lending unit into small business loans and cash management, targeting digitally engaged merchants beyond major cities. Flipkart’s new NBFC arm eyes no-cost EMIs (3-24 months) and high-interest consumer durable loans (18-26%), awaiting final RBI nod for a 2026 launch.
When we repay long-term loans such as home loans, we end up paying more in interest than the principal amount we borrowed. When we unexpectedly get extra money in hand, we can prepay it to reduce the interest. But once you prepay, you cannot withdraw that money for an emergency. A solution to this problem and a wonderful scheme that reduces the interest burden with the convenience of withdrawing
CIBIL score is essential for MSME loans. Generally, most lending institutions expect a minimum CIBIL score of 700 – 750 to provide loans to MSMEs. However, some banks and financial…