New Delhi, Jun 7 : ‘Loan Dost’, a digital lending app launched by Satin Creditcare Network Ltd (SCNL) which was earlier available to only salaried professionals, is now foraying into lending for self-employed people.
The application is available on Google Play Store for Android users.
Loan Dost will now provide instant loans to the self-employed people up to Rs 1.5 lakhs thereby bridging the massive credit gap. This step of increasing the loan ticket size has been taken to encourage self-employment and small scale entrepreneurs.
Anyone earning Rs 20,000 or above is eligible to apply for loans through the app. The platform’s user friendly interface will enable applicants to sign up by providing the necessary identification documents and avail loan in their accounts within 20 minutes without human intervention. (UNI)