BharatPe launches secured loans for merchants, expands credit offerings

Fintech firm BharatPe, on Tuesday, announced the launch of secured credit products such as two-wheeler loans and loans against mutual funds (LAMF) for its merchants in partnership with lenders such as OTO Capital and Volt Money.

Merchants on the fintech platform can avail of two-wheeler loans up to Rs 2.5 lakh from OTO Capital, with a repayment period ranging between 12 and 48 months.

The partnership with Volt Money will enable BharatPe to offer LAMF of up to Rs 1 crore, the company said.