Energizing Digital Lending For MSMEs

MSME lending has always been a challenge for banks. TAB Capital, a new NBFC, is converting that challenge into an opportunity:

Digital India is experiencing a revolution in lending practices and processes. Digital lending is invading the space of traditional lending. It has begun to show signs of prominence and is becoming a leading method of funding, particularly for the Micro, Small and Medium sector.

Globally, online lending has started to transform the traditional lending business through the use of high technology in order to reduce operational costs, underwrite with surrogate data points and remarkably speed up lending processes.

TAB Capital Ltd, a Non-Banking Finance Company (NBFC) registered with RBI, is aiming to position itself as the best digital lending NBFC for SME finance in India, based on its speed and convenience.

CA Abhay Bhutada, Managing Director at TAB Capital, elaborates: “We want to be the preferred choice for MSMEs seeking finance, irrespective of their locations, time and the industries that they operate in. Our prime goal is to become the most trusted digital lending NBFC platform where MSMEs can apply online for loan from anywhere, anytime and get quick funding in 2 days. We made the whole digital lending process a more pleasant and hassle free experience.” The company boasts of sanctioning loans within 2 working days after the customer has provided all relevant loan related details online.

For MSMEs, the traditional lending process is a stringent and a demanding task. Taking cognizance of this, TAB Capital has created a simplified digital lending process where a customer can easily apply for a loan and also track his/her loan application process online. Being automated and streamlined, this process remodels the lengthy loan processes into a completely digital solution which is paperless (and hence fast) and customer-centric (and hence beneficial to the borrower.)

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