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On Thursday, a credit evaluation and loan platform LendingKart said that it has tied up with Paytm for offering collateral free loans to SMEs and sellers through the mobile payments wallet.
Lendingkart said in a statement that this step aims at working towards bringing ease of financial assistance to small and medium enterprises (SMEs) and merchants across the country.
It further said that the company aims at simplifying the credit evaluation process through efficient use of technology, making loan disbursement in three days at fair interest rates.
