BharatPe clocks over ₹80 crore disbursements in September

NEW DELHI : Merchant payment network BharatPe said on Thursday it recorded disbursal of over ₹80 crore in September, making it the largest fintech lender for merchants in India during the pandemic.

The company has facilitated loan disbursals to the tune of ₹150 crore through its partners in the current quarter.

BharatPe also said that it has ambitious plans of increasing the number of loan disbursals by seven times this year and will disburse loans worth ₹1,000 crore in the rest of FY21.

BharatLoan allows merchants to avail loans in the range of ₹20,000 to ₹7 lakh for up to 15 months tenure at competitive interest rates. The merchants can repay the loan in the form of small daily or weekly installments.