How to Get Facebook Loan

   How to Get Facebook Loan

 How to Get Facebook Loan

Merchants will get loans of up to Rs 50 lakh to expand their business, a scheme launched by Facebook

The purpose of this scheme is to meet the money requirement of small traders (MSMEs) without mortgaging anything. You can get this loan in just 5 days without any collateral.

New Delhi: If you are a small trader and looking for a loan to grow your business, you can get a loan of up to Rs 50 lakh (Facebook Loan) through Facebook. You can get this loan in just 5 days without any collateral.

Curry partnership with this company

According to affiliate website Zee Business, social media giant Facebook has now made inroads into the loan sector. The company has announced India's 'Small Business Loan Initiative' scheme for the first time in the world. Facebook has partnered with Indifi to finance the scheme, which means the loan for the scheme will be provided by the company.

Loans up to Rs 50 lakh will be available

Ajit Mohan, vice-president and MD of Facebook India, said the scheme was aimed at meeting the need of small traders (MSMEs) for money without pledging anything. He said that under the scheme, small business men who advertise on Facebook's platform will be able to take loans ranging from Rs 5 lakh to Rs 50 lakh. He will have to pay interest at the rate of 17 to 20 per cent on this loan. Indiffin does not charge any processing fee on the loan application from the applicant.

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Loan will be available within 5 days

Indie Company will disclose the loan amount within 5 days of receiving all the required documents. The businessman does not need to provide any collateral for this loan. Women business women will be given a 0.2 per cent discount on interest. Facebook has no revenue involvement in the program. The scheme will be run by Independent Loan Provider Partners i.e. Indifi. The scheme will be launched for 200 cities in the country.