7 Hills Fintech launches operations in Surat, makes digital loans simpler
Intro: 7 FIN Company App is at development stage in partnership with Tech company to develop a Application which can help to issue credit cards in just 30 minutes, personal loans in 30 minutes to 3 days, the application is in R & D mode currently & will be operational in few months.
Surat: Hyderabad-based 7 Hills Fintech has launched its brand 7 Fin in Surat, aiming to support the growing number of Small and Medium Enterprises (SMEs) through simplified and efficient digital lending solutions. 7 FIn is in process of getting empanelled as Channel Partner in various Nationalised, Private, MNC and NBFC to profess offline application directly with the partner Banks.
The company’s first office in Gujarat will begin operations at Solaris Bayview from tomorrow.
7 Hills Fintech Pvt. Ltd.’s Managing Director is Pramod Pacchva, with Jitendra Mishra, Anil Manwani, and Vasu Kondam serving as the Co-founders.
Anil, Jitendra and Vasu were earlier working with Standard Chartered Bank and carries rich experience in SME Lendings.
Speaking about the launch of operations in Surat, Co-founder Jitendra Mishra said that 7 Fin aims to provide loans easily and digitally to SMEs to bridge the financial gap. 7 Fin will serve as a lending partner for HL, Business Installment loans, Channel financing, working capital, lease rental discounting (LRD), insurance, investment, and SME IPO assistance.
The company provides most types of loans in the offline mode, but has rolled out credit card and personal loan services through the online mode which wil be available in due course.
The platform allows users to apply for loans or credit cards from anywhere. The process is fully digital and requires only Aadhaar and PAN for KYC, with real-time CIBIL score verification, eliminating the need for physical documentation. The company will issue credit cards in as little as 30 minutes, while personal loans will be processed within 30 minutes to three days when the 7 FIn Application will be ready.
Jitendra Mishra said that Surat has been chosen for launching its operations due to the city’s rapid business growth.
“Surat is one of the fastest-growing city in Asia. Having operations here will hold us in good stead because of the city’s strong SME ecosystem, while our lending activities will benefit entrepreneurs here,” he said.
7 Hills Fintech plans to expand its footprint across other cities in Gujarat and India in the coming months. The company aims to open offices in Mumbai, Pune, and Hyderabad within the next two months. The company’s registered office is located in Hyderabad, while its corporate office is in Mumbai.
