AskmePay, a payment initiative by AskMe group, has rolled out a wide portfolio of financing options to SMEs with the launch of its new programme 'AskmeFin'.
This is in line with the group's 'Grow with Us' campaign launched earlier this month and is aimed at providing a variety of working capital loans to SMEs, including short-term working capital loans, overdraft limit, loans against receivables and bill discounting facility.
The group has tied up with Mahindra Finance, Bajaj Finserv, Capital Float, Religare, SMEBank.In and Mandii.Com, and will be offering loans ranging from Rs 50,000 to Rs one crore to its sellers, available for tenure ranging from 15 days to 6 months.
"The alliance partners will be extending disbursement of finance to SMEs at interest rates ranging between 12-18 per cent", AskmePay.Com Chief Executive Kiran Murthi said.
