BharatPe, the New Delhi-based fintech giant, has launched secured loan products for its merchant partners. The company now offers two new loan types: two-wheeler loans and Loans Against Mutual Funds (LAMF).

This launch represents BharatPe’s initial entry into secured lending, building on its success with unsecured loans in recent years. To support these new loan products, BharatPe has teamed up with OTO Capital and Volt Money.

OTO Capital, a digital commerce and lending platform, will provide two-wheeler loans for BharatPe’s merchants, with amounts up to 2.5 lakh and flexible repayment terms ranging from 12 to 48 months. The process is fully digital, ensuring a smooth user experience.

Volt Money will handle Loans Against Mutual Funds (LAMF), enabling merchants to borrow up to 1 crore.

This initiative is designed to offer merchants easy access to capital, helping them meet their business needs efficiently.

Both OTO Capital and Volt Money will oversee the disbursement and collection of these loans, streamlining the process for BharatPe’s merchants.

BharatPe’s CEO, Nalin Negi, highlighted the company’s continued dedication to empowering merchants with innovative financial solutions.

Nalin Negi said,“BharatPe was founded in 2018 with the goal of empowering millions of offline merchants through modern fintech products. In recent years, we have achieved significant progress, providing over Rs 15,000 crores in unsecured loans to our merchant partners.”

He also added that the introduction of secured loans would further strengthen the company’s credit portfolio and enhance its engagement with merchants.

The introduction of secured loans is a key element of BharatPe’s broader strategy to diversify its product portfolio and develop new revenue streams.

The company intends to launch more secured loan products in the coming months to address a broader spectrum of merchant needs.

In 2022, BharatPe expanded into the gold loan sector by partnering with NBFCs, offering loans up to 20 lakh against gold pledges. Currently, BharatPe serves a base of over 13 million merchants.

CEO of OTO Capital,Sumit Chhazed, said, “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.”

Talking in the same note, the Co-founder & CBO at Volt Money, said, "By offering instant loans against mutual funds, we are uniquely equipped to address the short-term liquidity and working capital needs of MSMEs, thereby enabling and empowering them financially."