What is Indifi business model?
Using a hybrid marketplace model, Indifi has, in the last three years, perfected lending of unsecured small loans (average loan size of ₹5 lakh) to these four segments, with its own customised products and credit criteria (own credit score model).
When was Indifi founded?
Indifi started in June 2015 and is creating a platform to enable access to debt financing for small businesses. Prior to co-founding Indifi, Siddharth has worked for over 14 years with various renowned financial services organizations in Credit Underwriting and Risk Management functions.
Is Indifi an NBFC?
These funds were deployed through a Rs 35 crore of term loan from IndusInd bank's impact investing group to Riviera Investors Private Limited which is Indifi's in-house Non-Banking Financial Company (NBFC) arm.
What are the documents required for term loan?
Term Loan Eligibility & Documents Required
| Eligibility |
Documents |
| Minimum operational history of 1 years |
Business Registration Proof |
| 2 years ITR for >10 lacs |
KYC documents of the applicant and the organisation |
| Bank statement for the last 6 months |
|
|
Pan Card of the promoter |
What is a term loan in business?
A term loan provides borrowers with a lump sum of cash upfront in exchange for specific borrowing terms. Borrowers agree to pay their lenders a fixed amount over a certain repayment schedule with either a fixed or floating interest rate.