BharatPe , a fintech firm announced the facilitation of secured loans for merchant partners on its platform. The company allows facilitation of two-wheeler loans and Loans Against Mutual Funds (LAMF) for its current merchant partners in the first phase.Moreover, the company has collaborated with Volt Money to facilitate Loans Against Mutual Funds to its merchant partners. The company plans to expand this to a multi-product and multi-lender offering in the next phase.

The process of  loan application is 100% digital and merchants can choose the repayment period between 12- 48 months. With the launch of LAMF in partnership with Volt Money, BharatPe’s merchants can also avail loan of up to Rs 1 crore against Mutual Funds. BharatPe’s merchants can now avail two-wheeler loans of up to Rs 2.5 lakh, at competitive interest rates, for their next two-wheeler purchase from OTO Capital.

Nalin Negi, CEO, BharatPe, said in a statement, “The launch of secured loans for BharatPe’s merchant partners will open a new monetisation channel for us and also help us drive engagement with our merchants, by offering them an extensive portfolio of loan options to choose from. In the coming months, we will be adding new products in the secured loans category so as to cater to a wide set of requirements. I am confident that secured loans will have a significant contribution to our overall revenue in the coming months. We stay committed to empowering our merchant partners and will continue to roll out disruptive products that are relevant for them”.

Bharat Lamba, Co-founder & CBO at Volt Money, said in a statement, “By providing instant loans against Mutual funds, we are uniquely positioned to meet the short-term liquidity and working capital needs of MSMEs, thus enabling and empowering them financially. This collaboration represents a significant step forward in our commitment to providing low-cost 100% digital financing solutions to Indian businesses by unfurling them to BharatPe’s diverse large base of merchants”.

Sumit Chhazed, C.E.O, OTO Capital, said in a statement, “We believe in the power of mobility to transform lives. Our mission is to make two-wheeler ownership accessible and affordable for every aspiring entrepreneur in India. Together, we are committed to providing accessible mobility solutions that will help businesses thrive”.