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Santhosh

Stealth • 6m

Hey guys Here's a detailed business explanation. Challenges faced by MSMEs in loan application : 1)time-consuming and complex loan application process. 2)lack of awareness about various government loan schemes. 3)difficulty documentation and application tracking. Current solutions and gaps: some institutions like Muthoot Finance and Bajaj finance offer online loan application processes but require separate applications for each institution. Platform features: centralized loan application: MSME founders can fill out a single comprehensive form with all necessary details. Upload required documents once. Bank selection and application: 1)the platform will suggest a list of banks based on the MSMEs profile and requirements. 2)founders can select multiple banks and submit applications simultaneously. Additional information required by specific banks can be fooled out on the platform. I would greatly appreciate your feedback guys. Bcz of 1000 words limitation I ccouldn't mention about more.

0 replies6 likes
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