BharatPe loan-book crosses ₹1,000 cr; targets ₹1,250 cr disbursal by Mar
BharatPe offers loans in the range of ₹20,000 to ₹7 lakh, for up to 12 months
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. Updated: 25 Feb 2021, 09:13 PM IST PTI
The company's monthly disbursal has been consistently clipping at ₹200 crore, helping it grow over 10 times so far this year
All its loans are unsecured, but it will be launching a secured lending product shortly, Suhail Sameer, group president at BharatPe said
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Small merchants-focused credit supplier BharatPe has grown 10 times during the fiscal year so far, surpassing its full-year target of lending ₹1,000 crore of loans, and now expects to end the fiscal disbursing over ₹1,250 crore, a top company official said.