Facebook partnered with Gurugram-based Indifi Technologies to offer collateral-free loans to SMEs
Apps Unveiled|August 2021
In partnership with Indifi, Facebook has recently announced the launch of its “Small Business Loan Initiative” programme for SMEs in India.

Currently available to Facebook users in 329 cities across India, your business must be an advertiser in Facebook’s family of apps for at least 180 days to avail a loan up to ₹50 lakh at a predefined interest rate of 17-20% under this programme. Businesses partly- or wholly owned by women will get an additional 0.2% reduction in the applied loan interest rate, said IndiFi in a blog post.

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