Tag: Rozgar loans

Business World

VN Finance announces online Gold Loan from anywhere anytime

Sep 11, 2020 by Gouri Achary 0 Comments #Loan Against Property (LAP) and Loans against Inventories, #Mohit Kakkad, #online Gold Loan, #Rozgar loans, #Shramik loans, #VN Finance

With Mission Begin Again unfolding and small businessmen, businesswomen, entrepreneurs and start-ups gearing up to restart their businesses post-COVID lockdown, VN Finance, a tech-enabled NBFC, is offering online Gold Loan to help such people unlock their dreams instantly from anywhere anytime. VN Finance can help get the best and highest (possible) loan to value ratio on a 24X7 basis and sail through your urgent financial needs smoothly within a short period of time.

The ticket size of the loan starts from Rs. 5,000 onwards. Those people, who need unsecured loans and have no security or no existing assets, can directly (or through intermediaries) approach VN Finance and share their creditworthiness and repayment capacity. They will get the funds at the best of terms to achieve their dreams. VN Finance offers pre-payment option-without any penalty; optimal documentation; shorter response time; and safe custody for family jewels and gold jewellery. Just call 022-20877888…

Mohit Kakkad, Director & Founder, VN Finance, said, “Every business or initiative in Mission Begin Again needs investment and everyone encounters the need for occasional funds – be it for children or education or marriage or medical needs or maybe to start and extend the business. Why not unlock the value of the Gold Jewellery which is otherwise lying idle in bank lockers or lockers at home?” He added, “We combine the power of technology and our trusted team with simple easy processes to bring you convenience as never before. VN Finance also plans to expand and open new branches to focus on gold loans and small-ticket loans for businessmen, women and entrepreneurs.”

VN Finance also offers Shramik Loans, Rozgar Loans, Secured Loans such as Loan Against Property (LAP) and Loans against Inventories. VN Finance’s professional team fully understands business needs and provides funding against the goods and inventories already lying in the shops/godown. The small business owner just needs to furnish the inventory list, its value and their needs. VN Finance is also taking its social responsibility seriously with an initiative to help NGOs and self-help groups in assisting migrant labour and other poor & needy.

Mohit Kakkad firmly believes that if India has to achieve broad-based uplifting of varied strata of society, NBFCs such as VN Finance have to play a significant role in enhancing financial literacy, seeking minimal collateral, shorter processing time and building distribution network.

Business World

Shramik loans for migrants, Rozgar loans by VN Finance

Aug 18, 2020 by Gouri Achary 0 Comments #Director & Founder, #Mohit Kakkad, #Rozgar loans, #Shramik loans, #VN Finance

In sync with the Prime Minister and RBI Governor’s clarion call to provide credit/ loans to the financially excluded and the unbanked, VN Finance, a tech-enabled NBFC, has announced small ticket loan offerings – ‘Shramik Loan’ and ‘Rozgar Loan’ for migrant workers and financially excluded small businessmen and women on the eve of Independence Day 2020. In the aftermath of Covid-19 and the problems faced by lakhs of people, VN Finance’s approach is to deploy 24X7 service and disburse loans within a day with the least number of documents and hassle-free interaction using technology.

The ticket size of the loan starts from Rs. 25,000 onwards. Those people, who need unsecured loans and have no security or no existing assets, can directly (or through intermediaries) approach VN Finance and share their creditworthiness and repayment capacity. They will get the funds at the best of terms to achieve their dreams.

VN Finance also offers Secured Loans such as Loan Against Property, Loans against Gold Jewellery and Loans against Inventories. Every business needs ongoing working capital and this requirement keeps increasing with the growth of the business. VN Finance’s professional team fully understands business needs and provides funding against the goods and inventories already lying in the shops/godown. The small business owner just needs to furnish the inventory list, its value and their needs.

Mohit Kakkad, Director & Founder, VN Finance, said, “We stand committed to our vision of changing the society by helping people to follow the dreams by easy and quick financing. We are focusing on the segments who cannot afford to wait and cannot meet or understand the complex and time-consuming processes of conventional lenders. We work tirelessly to develop delivery mechanisms with technology to make our disbursal process easy, efficient and widespread. We plan to expand aggressively in Mumbai MMR region, Maharashtra State and gradually across India.”

VN Finance is also developing a network of banking intermediaries, Self-Help Groups (SHGs), NGOs and correspondents who can help facilitate credit to migrant workers, unbanked and financially deprived businessmen and women. Since the target segment is not necessarily highly literate and educated in technology, VN Finance is using technology to help them and the financial intermediaries in the easiest of ways.

Mohit Kakkad firmly believes that if India has to achieve financial inclusion in the true sense, NBFCs such as VN Finance have to play a significant role in enhancing financial literacy, seeking minimal collateral, shorter processing time and building distribution network while grappling with lack of credit history, absence of formal identity, cyclical income and paperwork.

The Union Government and regulators have taken various initiatives such as Basic savings bank deposit account (BSBDA), Lead banking scheme (LBS), Pradhan Mantri Jan Dhan Yojana (PMJDY) and set up payments’ infrastructure like BHIM, UPI, DBT to jumpstart the process of financial inclusion. The Reserve Bank of India (RBI) in its National Strategy for Financial Inclusion 2019-24, announced that public credit registry has to be made fully operational by March 2022 so that authorised financial entities can leverage the same for assessing credit proposals.NBFCs can also access and analyze data from Google Pay, Walmart-owned PhonePe and Whatsapp Pay (to launch soon).