{"id":2061,"date":"2019-10-04T11:26:24","date_gmt":"2019-10-04T11:26:24","guid":{"rendered":"https:\/\/blog.indifi.com\/?p=2061"},"modified":"2021-02-08T08:55:53","modified_gmt":"2021-02-08T08:55:53","slug":"a-brief-guide-about-online-business-loan-lending-the-e-way","status":"publish","type":"post","link":"https:\/\/www.indifi.com\/blog\/a-brief-guide-about-online-business-loan-lending-the-e-way\/","title":{"rendered":"A Brief Guide About Online Business Loan Lending: The E-way"},"content":{"rendered":"\n
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Online-business-lending<\/figcaption><\/figure><\/div>\n\n\n\n

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A Brief Guide About Online Business Loan Lending: The E-way<\/a>
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But wait!<\/strong>
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You don’t have enough cash to fulfill your dreams. Taking a bank loan in India seems to be a good option, but the clock is running, and banks take forever to grant the credit. You can’t wait for years to see your business growing. Another solution is an immediate cash flow from online loan platforms to move the needle. <\/p>\n\n\n\n

Business Loan In 24 Hours<\/a><\/div>\n\n\n\n

Businesses, especially small and medium-sized businesses (SMBs) who are looking to add more to their company, are turning to online lending platforms to access capital. According to a study by NDP Analytics, Indian online loan platforms have become the prior choice of SMBs to gain fast cash. Another study named “Credit Disrupted: Digital MSME Lending in India” estimates that online loans to MSMEs (Micro, Small and Medium Enterprises) will increase up to 6 to 7 Lakh Crore in annual disbursements by 2023.<\/p>\n\n\n\n

Also Read: Why Choose NBFCs Over Banks For A Business Loan In India<\/a><\/p>\n\n\n\n

MSMEs are the pride of India. 60 Million Indian MSMEs, with annual revenue accounting to Rs. 250 crore, majorly contribute to India’s employment and gross domestic product (GDP). They lag behind the US and China by 10 and 23 percentage points in GDP contribution respectively. The key reason behind such a gap is MSMEs lack of access to credit sources. Online loan platforms in India are bridging the gap by availing credit to as maximum MSMEs as possible.
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So what role has an online loan in India are playing in transforming the way businesses in India get access to credit? Why and how digital lending platforms are replacing the traditional way of obtaining loans from banks?
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Let’s find out:<\/strong>
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