SBI launches SBI E-Smart SME to offer loans to e-commerce sellers

untitled-112State Bank of India has announced launch of SBI E-Smart SME to offer easy working capital to online e-commerce players. The bank has initially tied up with e-commerce major Snapdeal to offer instant loans to its sellers.

About SBI E-Smart SME

SBI E-Smart SME will use data analytics gathered by Snapdeal to assess the sellers credit worthiness, instead of traditional lending based on financial statements like balance sheet and income tax returns.

Read More At The Indian Express

Comment Here

Leave a Reply