The startup operates as a non-banking financial company that provides short-term, collateral-free loans specifically designed for medium and small-sized businesses through its product, BizSmart. This offering addresses the challenge of limited access to traditional financing options, enabling businesses to secure necessary capital quickly and efficiently.
Funding
$32.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many small and medium-sized businesses and individual investors face challenges in accessing timely funds for immediate needs without liquidating their existing investment portfolios. Traditional loan processes can be lengthy and may require credit checks, creating barriers for those with urgent financial requirements or less-than-perfect credit histories.
Solution
Abhiloans, a product of KNAB Finance Advisors Private Limited, provides a fully digital platform that enables individuals and businesses to leverage their existing securities—including shares, mutual funds, and bonds—to secure short-term loans. Customers can pledge their securities as collateral and access funds typically within 4 hours, without undergoing a credit check. This allows borrowers to meet immediate financial needs while continuing to benefit from potential dividends and capital appreciation on their investments. Abhiloans offers a range of loan products tailored to different types of securities, with flexible repayment options and transparent fee structures.
Target Audience
The primary target audience includes small and medium-sized businesses, individual investors, promoters, and high-net-worth individuals (HNIs) seeking quick access to funds without selling their investments.
Features
- Online loan application and approval process with disbursal within 4 hours
- Loan against a wide range of securities including shares, mutual funds, and bonds
- Loan amounts ranging from Rs. 10,000 to Rs. 1 Crore
- Loan-to-value (LTV) ratio of up to 75% depending on the type of security
- Overdraft facilities available against shares, mutual funds, and bonds
- Flexible repayment options with no prepayment charges
- Digital KYC verification process
- Option to retain fund growth and continue earning dividends while the securities are pledged