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Time of India
8 hours ago
- Business
- Time of India
Fincorp automates MSME loans with digital-first model and real-time data integration
MUMBAI: Poonawalla Fincorp has automated loans for MSMEs by using algorithms for loan approval after drawing borrower information directly from sources such as credit bureau data, GST information, and account aggregators. The NBFC has launched a fully digital product—Business Loan 24/7—that runs on a risk-first model and is available round the clock. It uses a straight-through processing system for onboarding and disbursal, eliminating the need for physical documentation or branch model draws on India's digital public infrastructure to extract real-time borrower information, helping the lender assess creditworthiness without relying on conventional income documentation. The company said the new system will support responsible lending to enterprises ready for growth, especially in self-employed and MSME segments.'India's Rs 4 trillion economy makes MSMEs one of the most robust credit growth segments over the next 10 years. Our assumptions are based on the country's strong financial infrastructure—credit bureau data, GST information, account aggregators, and risk analytics,' said Poonawalla Fincorp Managing Director and CEO Arvind Kapil. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Вот что поза во сне говорит о вашем характере! Удивительные Новости Undo 'This product will be built into the portfolio in a sensible, risk-calibrated manner and we believe it will be a strong and convenient offering for good-quality MSMEs.'Poonawalla Fincorp plans to target MSMEs across Tier 1, 2, and 3 cities, particularly in retail, services, manufacturing, and trade. The firm expects the digital risk-first model to create a competitive edge by removing bottlenecks in credit access while maintaining underwriting standards. The platform's integration with digital sources enables real-time financial behaviour tracking and efficient identity verification. The launch builds on the company's earlier rollout of a similar 24/7 digital credit product for salaried individuals. The firm expects Business Loan 24/7 to help it strengthen its presence in the MSME segment and improve customer acquisition. It plans to expand the initiative gradually over the next four to six quarters. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Standard
15 hours ago
- Business
- Business Standard
Poonawalla Fincorp launches industry-first 24/7 digital loans for MSMEs
Poonawalla Fincorp announced the launch of Business Loan 24/7, an industry first digital loan solution backed by a pioneering digital risk assessment model tailored for micro, small, and medium enterprises (MSMEs). This innovative offering provides instant approval with a risk-first approach and flexible repayment options. Designed to address the credit needs of MSMEs with speed, convenience, and simplicity, Business Loan 24/7 offers a fully digital onboarding and approval journey through a Straight Through Processing (STP) model. This eliminates the need for branch visits or physical paperwork, delivering a user-friendly and secure experience across all touchpoints. The offering leverages advanced analytics and a robust risk assessment framework, with an intended objective to enhance the evaluation of creditworthiness for self-employed and MSMEs. By using digitized information directly from the source, it strengthens risk assessment beyond conventional metrics, enabling responsible credit allocation to growth-ready enterprises.
Business Upturn
15 hours ago
- Business
- Business Upturn
Poonawalla Fincorp launches digital Business Loan 24/7 for MSMEs
By Aman Shukla Published on June 9, 2025, 07:57 IST Poonawalla Fincorp Limited (PFL), a non-banking financial company (NBFC) promoted by the Cyrus Poonawalla Group, has launched 'Business Loan 24/7' — a fully digital lending solution targeted at micro, small, and medium enterprises (MSMEs). The new product is designed to offer instant loan approval through a risk-first digital model that evaluates creditworthiness using real-time data. Business Loan 24/7 is powered by Straight Through Processing (STP), which allows for an end-to-end paperless and branchless loan journey. According to PFL, the loan product integrates with India's digital public infrastructure, including the Goods and Services Tax (GST) network, account aggregators, and credit bureaus. This integration facilitates automated data verification and financial behavior assessment, enabling faster and more precise credit decisions. The company said its model moves beyond traditional metrics by incorporating digitized data directly from the source to strengthen the risk assessment framework. The focus is on delivering responsible credit access to growth-focused enterprises while managing risk through advanced analytics. Business Loan 24/7 is aimed at MSMEs across Tier 1, Tier 2, and Tier 3 cities, covering segments such as retail, services, trade, and manufacturing. PFL plans to gradually build scale over the next 4–6 quarters, maintaining a calibrated approach to risk. This launch follows the company's earlier rollout of a digital lending solution for salaried professionals and is part of its broader strategy to expand digital lending capabilities in both consumer and MSME segments. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
