Profitable Lending. Easy qualified Clients.
Get Better quality customers.
India's Largest Finance Marketplace for Equity and Loans
You focus on your Business.
We assist you get Finance.
Get hassle-free finance in just 3 simple steps.
Our Process
Zero Hassle. Zero Stress.
We assist you through the entire loan process, from documentation and due diligence, to the disbursal of your loan. We’re with you all the way.
1
We begin by understanding your business
We get to know you and your business so that we can identify the right financing options for your business.
2
We find the loan that's right for you
We search through variety of loan products to find you exactly the right loan for you and your business from India's top lenders.
3
We get you your loan
We assist you prepare your business loan application, present your documentation and reports to the right lender. All that’s left is for the lender to say yes, and for you to agree!
Finance Organised
I only got to know that getting loans was this easy after approaching EduMany. The EduMany Team is professional, fast and transparent and has good relationships with their lenders. They assisted me get the right business loan to grow my business while sustaining operations.
I liked the services offered by EduMany. They not only offered me wide variety of lender institution connects, the team also helped me put my documents together quickly while also assisting me understand the best payback tenure! This loan will help me plan my business expansion. Thank you!
This loan enabled by EduMany will help us expand our preschool chain to class B cities in Kerala. I am happy with their professional services and personal follow up. EduMany kept me updated on the progress of my application and assisted me on lender meetings. Great service!
EduMany helped me to get the loan I needed in record time. My Institution is growing fast and I wanted a loan to build infrastructure that gave me the flexibility to pay back later. One of EduMany’s partner lenders said yes to me within a short time and funds were disbursed to me within weeks. No hassle, No stress. No Comparing. EduMany is amazing!
I have been trying to source funds on my own for months going institution to institution. I also tried hiring consultants but the whole exercise was a waste of time. The attempts turned out to be unsuccessful and I decided to come to EduMany and they helped me get a loan.
Thank you Team EduMany! They helped me structure my requirements, understand my eligibility, get the right loan to purchase the technology materials I needed to fulfil my growth plans. Their team was responsive, helpful and knowledgeable. I give EduMany 5 stars!
We Enable You in Three Simple Steps:
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Enter the contact details and mobile number that you use with your bank or loan accounts.
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Verify it via a One Time Password and give consent to our terms of service and privacy policy.
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Share your requirement, help us understand your business. We also ask you to allow us to understand your financials and your credit report on your behalf. The details shared will help us understand your business and current requirements better. Soft pull does NOT count as an enquiry on your bureau profile and, relax, we keep you informed all along the way.
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We will further connect to collect details required to understand your eligibility and the options we could approach.
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Tell us about your business and your financing needs and get an answer. This will only take few minutes.
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We will work with you to understand the options available, elgibility to be met and the steps there on.
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Depending on the type and size of the loan you are looking for, we will explain to you the process and documentation required
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Additional supporting documents you need to provide to complete your application will be conveyed to you.
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If you can't provide all your documents right away, don't worry. You can always provide it later and upload the remaining required documents.
What Type of Loan is Best for Me?
We help you find the right business loan, whatever your
requirements, wherever you
are in your journey.
Unsecured Business Loan
Unsecured business loans are a great funding option for businesses that don’t own many assets, or for any company that’s growing fast and needs finance quickly. Our proprietary platform matches your loan requirement with the right lender for your business in no time, speeding up the process when you apply for a business loan online through EduMany.
Loan Amount
Borrow 1 Lakh to 75 Lakh
Repayment period
12 months to 36 months
Terms
Interest rates starting at 14%
Benefits
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No need to have any security or assets
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Less documentation requirement
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Quick to arrange
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Simple loan process
Machinery Loan
Investment in machinery is integral to any business’ long-term success. EduMany’s lender partners offer machinery loans that allow you to get funds to purchase new plant, machinery or equipment, or upgrade your existing ones. A machinery loan can help you scale your business to new heights by investing in the growth and profitability of your operations.
Loan Amount
Borrow from 15 Lakhs up to 3 Crores
Repayment period
Repayment period of 12 months to 10 years
Terms
Interest rates starting at 11%
Benefits
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You can buy critical machinery or equipment when you need it and pay for it over a period of time
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Once the loan is paid in full, you own the equipment free of any lien.
Working Capital Loan
Loans are not just for long-term or capital requirements. SMEs may face cash flow crunches that hinder their everyday operations. An inability to pay recurring expenses like rent, wages, EMIs or service accounts payables can put a strain on the business. EduMany’s lender partners working capital loans provide you the funding support to keep operations running smoothly even during a low revenue period.
Loan Amount
Borrow from 15 Lakh up to 15 Crore
Repayment period
Varied repayment periods depending on business needs and business financial position
Terms
Customized interest rates starting from 8%+
Benefits
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You can streamline your cash flows during a lean business phase with immediate funds
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You do not have to sell assets to meet operational expenses
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Your business ownership will not get diluted because there is no need to sell a stake to get funding
Secured Term Loan
For an SME that has access to assets that can work as security for a loan, a secured term loan is a practical alternative to unsecured loans. When you pledge collateral for a loan, you can get access to a higher loan amount as well as an attractive tenure. The interest rate for a secured term loan for business is lower compared to loans that are collateral-free. If you are a manufacturer, trader or an online or offline retailer with assets to pledge, a secured term loan could be the right business loan choice for you.
Loan Amount
Borrow from 15 Lakh up to 15 Crore
Repayment period
Up to 20 years
Terms
Customized interest rates starting from 8%+
Benefits
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Longer repayment terms than unsecured loans
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Lower interest rates
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Larger loan sizes
Loan Against Property
When an SME business owner has a valuable personal or business property in their name, it can be used as collateral to help secure a loan. Loan against property can be used to meet your business financing needs by pledging your property papers as security. The loan can be used to meet long-term funding needs, expansion plans, buy new property and equipment or to refinance existing loans. EduMany’s lender partners LAP options are flexible, easy and quick to secure.
Loan Amount
Loan of up to 70% of the value of your property.
Repayment period
Up to 15 years
Terms
Customized interest rates starting from 8%+
Benefits
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Cost effective loans
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Easy to secure
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Longer repayment terms than most other loans.
Borrower FAQs
EduMany is a marketplace technology company. Our vision is a world in which every Institution and SME gets access to affordable credit when they need it most.
In India, we operate a technology platform that uses advanced algorithms to provide Institution and SMEs with customized and affordable business loans to help them grow and successfully scale their businesses.
We work with various leading lenders including nationalised banks, private sector banks, co-operative banks and non-banking financial companies among others, so we can get you the best loan for your business no matter your size or location.
- We save you the time and trouble of trying to compare loan products and lenders, and we get you answers in minutes.
- Our application process takes only minutes to complete, and we will handhold you all along the process in get the loan you want as per your eligibility. Imagine! Easy process, no stress, just a few days and cash in the bank!
- If you are not eligible, we let you know why and provide suggestions on how you can improve your profile, so that you can secure a business loan in the future.
- We are on your side. We work with most leading lenders who offer more than 100 different SME loan products. This allows us to find you the option that best suits your business.
- We make sure that you can afford the loan you want by doing an affordability analysis using advanced technology, so you don’t take out more debt than you can afford.
- Our process is majorly digital, so there is limited requirement for you need to leave your home or business to meet us or our lender partners.
- Our documentation process is simple. We tell you upfront what documents you’ll need to submit. We start by collecting minimum documentation to get your loan application moving, and later guide you through any additional documents that you may need to submit.
- We check your documents to make sure you don’t get rejected simply because you forgot an important piece of paper.
- We prepare your application package and do all the hard work for you.
Zero hassle. Zero stress.
If you work with EduMany, you can focus on what matters: Growing your Business.
We do all the hard work for you, bringing all our experience to get you your loan
If you go direct to a lender, they will do a hard pull of your credit score. Each time you apply directly to them, your credit score gets impacted. So, every time you apply directly to a lender and get rejected, your credit score is negatively impacted.
With EduMany, our team of experts bring in their experience to let you know if you are eligible for a loan and find the right loan for you.
If you are not eligible, we let you know exactly why and give you tips and what you can do to improve your profile and improve your chances of getting a loan in the future.
One application gets you access to multiple lenders and 100s of types of business loans
To get access to such a wide selection of business loans, you’d need to go directly to multiple lenders. Each one would ask you to complete a different application and produce different documents. We do all the work to find you to the best loan, and you only have to fill out one application.
We are on your side
We make sure that you can afford the loan you want – we do an affordability analysis preparing Technical evaluation report, so you don’t take out more debt than you can afford.
We also get your application together and do all the hard work of negotiating the best terms for you.
We are majorly digital
Our process is majorly digital, so you don’t need to travel to meet us, and you don’t need to travel to meet lenders in most cases.
Our documentation process is simple
We tell you upfront what documents you’ll need to submit. You can find a complete list of document requirements presented by us on understanding your requirement.
We also check your documents to make sure you don’t get rejected because you forgot an important piece of paper.
Zero Hassle. Zero Stress.
Applying to multiple lenders does not ensure a loan approval. Furthermore, multiple applications will impact your credit score negatively and lessen your chances of getting a loan in the future
Filling multiple applications with the same lender will not change the outcome. It will only end up negatively impacting your credit report. If a loan is rejected once by a lender, there is high probability of the lender rejecting it again unless something fundamental has changed in your business.
Whenever you apply directly to a lender for a loan, they do a hard pull of your credit report. Why does this matter? Hard pulls get recorded in your credit report, making them visible to other lenders. Too many hard pulls in a short span of time can bring down your credit score, reducing your chances of getting a loan. This is because multiple requests indicate to lenders that your business may not be in a good financial place.
At EduMany, we enable a NO RISK application for a loan that doesn’t impact your credit score. As a partner that is fully committed to helping SMEs get access to affordable finance, we never do a hard pull of your credit score. When you apply for a business loan with EduMany, we do a soft pull of your Experian report, which includes your credit score, that helps us make a more accurate business loan match for you based on the information you provide. This soft pull will only be visible to you and will not affect your credit score. That’s our promise.
NO HASSLE. NO RISK!
We can help you access more than 100 specialised SME loan products from more than 25 lender partners. Having a wide range of partners allows us to offer you a type of loan that best suits your needs, including:
- Unsecured Business Loans
- Machinery Loans
- Working Capital Loans
- Secured Term Loans
- Loans Against Property
For a full description of all the loans we can help you access and for more information that can help you understand which business loans are right for you check the section above the FAQs
The interest rate offered to you will vary depending on your credit profile, the lender, and the type of loan you are looking for.
Indicative ranges are:
- Unsecured: starting at 14%
- Secured: starting at 14%
- Loan Against Property: starting at 14%
The tenure will vary based on the type of loan you are looking for.
Indicative ranges are:
- Unsecured: 12 months and max term is 36 months
- Secured: 5 years to 20 years
Most of our lender partners don’t provide loans to start-up businesses. This is because businesses that are less than 2 years old typically won’t have a proven business model yet, which makes it difficult for a lender to understand the risk involved with lending to them.
However, if you have an existing business that’s more than 2 years old with a good track record and are now looking to open a new branch or to diversify into a new business line, we may be able to help.
Your bureau credit score is only one of many factors a lender will assess when you apply for a loan. For business loans, lenders assess your ability and willingness: whether your business generates enough revenue to pay back the loan you are asking for, and whether you will be willing to repay the loan on time. Your credit score is a good indication of your willingness to repay, as it reflects your repayment history. Below is the range of Experian scores and what they mean:
| Credit Score Range | Grade | What it means |
|---|---|---|
| 750 – 900 | Excellent | Eligible for low interest rates and higher approval chances |
| 700 – 749 | Good | Can become eligible for better interest rates |
| 650 – 699 | Fair | The options are limited, but credit approval is possible. |
| 600 – 649 | Doubtful | Higher interest rates on loans and credit card approval could be harder |
| Below 600 | Immediate Action Required | Approval chances are very low |
We will work to understand your requirement and help you prepare for future debt. Once you are prepared, we assist in securing you a loan from an appropriate lender at the most favorable terms and conditions.
EduMany specialises in helping SMEs access business finance to grow their business. We arrange financing for home loans or education loans under a different vertical.
Our process is simple.
1. We get to know your business.
We get to know you so that we can identify the right financing options for your business needs. We do this by asking you to register with a One Time Password , fill out your basic details, have a short conversation to check your eligibility, and submit your application form. This takes just a few minutes.
2. We find the business loan that’s right for you.
Our experienced team searches through hundreds of SME loan products from India’s top lenders to find the perfect match for your business.
3. We help you get your documentation in order to complete your loan application.
We tell you exactly what documentation is needed and have made it simple for you to share the documentation with us.
4. We get you your loan.
We put your application together for you and then submit it to the right lender for your business. All that’s left is for the lender to say yes, and for you to agree!
As a first step, we run you through EduMany’s loan eligibility process to help us understand how much your capacity to take on debt is. We then match you with an appropriate lender using our proprietary lender matching algorithm to ensure you are only matched with the lender that best suits your requirements and debt capacity. The lender you are matched with depends on several factors including: the size of your business, number of years in operation, sector you operate in, the size of loan you need, type of loan you want, location where your business is based, and your credit score.
We ask these questions so that our team can get the most accurate assessment of your financial health and eligibility for a business loan. These queries are applied to each business type and are compared to our lenders’ requirements to give you an accurate indication of your loan eligibility.
With this very limited input from you, we can do an initial assessment of your loan eligibility and match you with the best business loan product and lender using our proprietary credit algorithms.
If you have already registered with EduMany, you can continue your application by Post Buy Requirement (PBR) here using the link provided in the dashboard https://www.edumany.com/requirements
If you are yet to register, you can do so via https://www.edumany.com/login and then apply.
Yes, when you begin our survey, we will check your Experian credit report to determine your eligibility for a loan. This is simply a soft pull for your credit report and does not have any impact on your score. We ask your consent to check your Experian credit score when you start our survey.
A soft pull is the bureau credit report pull done by a company or an institution other than MLIs (Money Lending Institutions i.e. banks/NBFCs). Since we’re not an MLI, the bureau pull done by us on Experian with your consent is considered a ‘soft pull’. This doesn’t impact your credit score because it doesn’t count as an enquiry on your credit report. This is the same as downloading your credit report on your own. Once we request for your credit report, a copy is also sent to you by our Bureau partner on your registered email ID.
You will need to provide KYC documents for you and for your business, along with bank account statements from the last 12 months of all the bank account(s) you use to do business transactions.
For certain types of business loans, you will also need to provide us with additional documents like your Income Tax Returns, audited financial accounts, and GST filings. On receipt of your requirement, we will provide you a full list of documents required by type of loan you wish to avail.
EduMany would be coordinating your requirement with multiple leading lenders, and we act as a one-stop solution for all your borrowing needs.
We save you the time and stress by comparing different business loan products for you and match you with the right one within minutes. In order to do this, we need to receive supporting documents for your loan application.
Collecting basic KYC and financial documentation is an important part of this process, as this allows us to run our credit assessment and lender matching services. This assessment process is what eventually allows us to match you with one of our 25+ lender partners. Each lender partner has different requirements, and we do the work in helping you get together the right documents for the lender we have matched you with.
The faster you can provide your documentation, the faster we can get you matched with one the right lender and get you the financing you need!
At EduMany, we treat your data with care.
We collect digital copies of your documentation, which are used in our credit assessment and lender matching processes. We will always keep your documents safely stored and confidential, and we have in place appropriate measures that are designed to keep your documents secure. You have control over your documents – we will ask you to upload your documents into our borrower portal, and you can remove your documents at any time.
This depends on how fast you can get us your documentation. With a complete application package (including the necessary documents), we have been able to secure business loans in as little as 2 days!
Once we have your documentation, we can help you to get a loan along the following general timelines:
- Unsecured Loan: 2-3 days
- Secured Loan: 7 days
No, but many of the business loans we pre-approve are successful. We do our best to help you achieve your goals, but the outcome depends on a variety of factors, so we cannot guarantee a loan. It is important to remember that our loan eligibility result is not a sanction amount. Lenders may provide a different sanction value depending on their T&Cs and lending policies.
Some lenders have introduced more stringent requirements for documentation or made changes to their credit policies, including which sectors they will currently lend to, and how much risk they are prepared to take on lending to less creditworthy borrowers, but this should not deter you from applying.
We have been helping borrowers to secure business loans even during COVID lockdowns. We know which lenders will accept you and which ones won’t, and we will help you get your loan from the lender that’s right for you.
In the event that you applied for a moratorium, or your lender applied a moratorium to your loan, your new loan application may be impacted. Don’t let that stop you from applying for another loan.
The best way to assess the impact that moratorium has had on your creditworthiness is by checking your credit report before you apply for another business loan. We do this for you for free as part of our application process when we check your loan eligibility and can let you know in advance if there will be any issues.
We are here to help, so please apply online.
Every company is different and depending on your business’s financial strength both before and during COVID, you may still be able to get a loan, even though the sector you operate in may be facing challenges. Even if we cannot help you get a loan today, when you apply with us, we will provide you a free eligibility assessment and tips on how to secure a loan in the future so that when things normalise in your sector, we can help you get the finance you need.
At EduMany, we care about our customers and your privacy. Your data will be safely and securely stored, and we will share your data in accordance with our privacy policy and based on your consent. You can find full details of how we collect, use and store your data in our Privacy Policy.
Your privacy is important to us, and we are committed to protecting and safeguarding your rights. That’s why we only share your data with third parties (like our Lender Partners) if you have given us your permission to do so. We employ state-of-the-art technology and cloud-based security systems to keep your data safe.
EduMany is a global technology company, and we aim to meet best practice in all the countries that we operate in. We comply with data protection laws in India and endeavour to follow best practice so you can rest assured that your data will be treated with care.
You have the right to complain if you feel we haven’t stored or used your data appropriately. If you want to make a complaint, please email your complaint to our Data Officer by emailing info@EduMany.com
We love getting feedback, especially if it helps us improve our service. If you have something you’d like to tell us – either about something we’ve done well or something we can improve on – please write to us at info@EduMany.com
Lender FAQs
EduMany is building the world’s first managed marketplace for SME credit. The Company provides decision-optimising solutions to help SME lenders grow efficiently and supports SMEs to prepare for and access affordable credit from formal financial institutions.
EduMany delivers tech-driven intelligent lending solutions specifically tailored to the needs of SME lenders and helps enable revenue growth, effective risk management and cost reductions through increased efficiency.
This is offered to lenders via two main services:
1. How we help you grow your loan book: An end-to-end digital origination service, and
2. How we save you cost and time: Quality client sourcing to eliminate borrowers that are not a good match for your institution.
EduMany offers both a fully end-to-end origination service and Credit Assessment as a service to deliver better, quicker and more affordable lending and borrowing. We help SME lenders reduce the time taken for an SME lending decision from 4-6-weeks to just days, and at a fraction of the normal cost. In short, EduMany makes the SME lender’s life easier through the entire process – from lead generation to disbursal.
EduMany firstly markets to and attracts SME borrowers, and performs a series of pre-qualification checks on each SME:
- KYC, document collection and packaging of the loan request.
- Experienced modelling to remove borrowers who are not creditworthy.
- Soft-credit pull via Experian.
- Lender laid requirement matching – as a lender you will receive only potential SME borrowers that match your lending criteria.
Through this process, EduMany ensures that you receive high quality SME leads that have been pre-qualified in the loan application process. Using our services, you are likely to accept 99% of cases for credit committee review.
EduMany guides borrower SMEs through the loan application process to ensure they have the correct documentation, further reducing the time and cost on your side to take the borrower through to disbursal.
EduMany presents the financial data pertaining to a company. We do not cover other elements of credit risk, like Promoter’s risk, Product / Market / Industry risk, Reputation Risk, Competition Risk, Substitution Risk, Regulator Risk, or Concentration Risks.
Like lenders, we do not assume that the annual accounts stating financial performance are the only inputs required to make a sound decision on which company to lend to.
We believe that a borrower’s integrity and willingness to pay are equally important elements of the ultimate decision to lend and that lenders are best equipped to make a determination about these. We therefore do not do due diligence on companies or promoters nor do we provide an assessment of the managements’ integrity or willingness to pay as part of the analytics delivered on the platform.
EduMany does not guarantee the accuracy of the financial accounts that are filed by companies with the Ministry of Corporate Affairs.
EduMany’s solutions are designed to enable intelligent lending. We assist in the industry connect by filtering through very large client base to provide an efficient first filter on:
1. Whether a potential client is eligible to apply for a particular loan (size, tenure, interest rate) a lender wants to give.
2. Quickly identify new borrowers/sectoral opportunities which match a lender’s credit parameters.
As such our experience is to facilitate faster, more informed decision making to drive profitable SME lending growth by increasing efficiencies, reducing transaction costs involved in origination and help improve the quality of loans.
Decisions as to whether to make a loan and the amount and terms of the loan are solely at the discretion of the lender. EduMany does not make recommendations on those matters.
Our deep industry knowledge assists the decision making process. Our ability to talk the language of the lender and the loan seeker adds ease to the process
In addition, through our digital marketing, DSA and offline channels we secure leads lenders would not otherwise have access to and this is proprietary.
1. Imagine a world where everyone you wish to connect with in a sector is available on a single dashboard and where EduMany assists you conduct your business with ease.
2. Increase approval rates to 99%.
3. Time to approve a loan reduces from 4-6 weeks to days.
4. Reduce mistakes and remove subjective determinations from the assessment process.
5. Quickly generate a set of pre-qualified leads – automatic pre-approved candidates exactly aligned to your risk profile.
6. Increase access to individual borrowers or new sectors which fit specific and distinct credit parameters, without the need to add more staff or branches.
EduMany gathers a wide variety data from its client base who are potentially seeking finance. We do add in data from a myriad of publicly available sources including Registrars of Companies, Stock Exchanges and other relevant data sources in each country where we are active.
EduMany also is building a set of proprietary SME data basis the thousands of Indian SMEs that contact us each month.
This data feeds into the universe of data we hold on SMEs to further enrich the data and provide more accurate results. Note, this data is anonymised so that the source is not traceable, and our client’s data is kept confidential.
All client data is stored and treated in accordance with data privacy regulations and best practice in India and the company has policies and procedures in place to ensure the safety and security of data, products and systems.
EduMany’s Privacy Policy is located here: https://www.edumany.com/pages/privacy-policy
Referral Partner FAQs
EduMany is a marketplace financial technology company. We are based in Mumbai, India and are entirely focused on using technology to build solutions to the world’s biggest business and financial challenges.
Our vision is a world in which every SME gets opportunity to grow and access to affordable credit to grow when they need it.
In India, we operate the largest managed marketplace for SME credit and every day help thousands of SMEs secure affordable finance. Our technology and analytics are trusted by multiple leading lenders, including government sector banks, private banks, scheduled banks, cooperative banks, NBFCs, among others, all of which choose us to help them grow their SME loan books quickly and more profitably.
1. We Get Your Clients Better, Quicker Results.
We have years of experience, deep understanding of client requirements and deep connects with the lending industry that allows us assess a borrower’s loan eligibility, and match that borrower to the right lender who will be able to offer them the best interest rate, maximum amount, and quickest turn-around-time on their loan.
Since our connects and experience is lender-validated by multiple major banks and NBFCs that we work with, our lender partners have confidence that the borrowers we bring forward are high quality. This means that our lender partners are quick to log our borrowers into their systems, which means that our approval rates are the highest in the market. Working with us means less work for you, less shopping around, and better results for you and your clients.
2. You don’t have to pay us and In fact, we share our fees with you.
Unlike DSA aggregators we don’t charge you onboarding fees.
To get more information about commission structure for partners talk to us via email on partner@EduMany.com or call us on +91 9833777077.
Speedy Answers.
Before we ever take your client to a partner lender of ours, we run our own eligibility assessment on the borrower using our team and their experience. If your client isn’t a fit for any of our lenders, we will let you know this within a short period of receiving a complete file*, and we won’t take them forward so there will be no negative impact on their credit score. If your client is a fit, we will let you know this within a short period of receiving a complete file*, and then we do all the work to get your client the loan.
Our results speak for themselves. We can normally ensure disbursals of unsecured loans up to 50 lakhs in a few days and secured loan of up to 5 Crores in approx. 2 weeks.
*When you sign up as a partner we will outline the criteria for a complete file.
Speedy Payouts.
Since we get loans disbursed quickly, we get paid quickly by our clients / lender partners which also means we can share revenue with you quickly. On average, we normally pay commissions 30 days from the end of the month when disbursement has happened, so if disbursed on 10th September, you will receive payout by 30th October.
More Options for Your Clients. Less Work for You.
We save you from having to shop around your clients with multiple lenders, and we do all the follow up with the lender for you once the loan is place. Because we maintain an institutional relationship with all our lender partners, rather than a relationship with a particular branch or RM, we are able to help your clients avail of more than 100 SME loan products. This means that the chances of your client getting a loan is higher.
Why Partner With Us.
- Answers in the shortest time possible 24 hours on customer eligibility.
- Secured Loans disbursed in days.
- Our technology keeps track of your clients and you get paid.
- Higher conversion rates.
- Zero legwork with lenders.
- Tiered commission structure based on monthly volume and quality.
After every borrower for whom you’ve provided complete file gets their loan disbursed, you are eligible to receive a pay-out. This pay-out will be discussed with you while signing up for the referral partner program. EduMany will also pay you a fee if your clients come back to us for further funding. We can share our attractive commission structure with you.
We look for bright, motivated self-starters with a growing network of clients that need business loans. They should have good understanding of financial documents, business loan terminology and should be customer centric. Other criteria we take into account are your past experience, geographical service locations, type of loan products handled in the past, and disbursal / conversion success rate.
Our onboarding process is quite simple. Once you share the documents we require to onboard our partners, such as your KYC documents and 2 x business references, we are normally able to onboard you within 24 hours, provided all your required documents are in order.
We cannot arrange financing for borrowers who are in default on their current loan repayments, who have defaulted on their current loan obligations.
We cannot arrange financing for NPA loans or restructuring of distressed businesses.
Most of our lender partners don’t provide loans to start-up businesses. This is because businesses that are less than 3 years old typically won’t have a proven business model, which makes it difficult for a lender to understand the risk involved with lending to them.
However, if your client has an existing business that’s more than 3 years old with a good track record and they are now looking to open a new branch or to diversify into a new business line, we may be able to help.
We do also have a small number of partner lenders that accept a minimum business vintage of 1 year.
If you client falls into either of the two categories above, get in touch with us via email at partner@EduMany.com or phone on +91 +91 9833777077 and we will let you know if we can help.
We can help your clients avail of more than 100 specialised loan products from multiple leading lenders. The loan types we can help your clients with include: working capital loans; secured term loans; machinery loans; loans against property (LAP); secured business loans; OD; invoice finance; import finance and export finance. We work with lenders who can offer loans of 1 lakh up to 15 crores. Higher loans require better proposal understanding.
We are able to secure the best interest rates in the market for your clients. For secured loans we can get the interest rate starting at 14% depending on the security that your client can pledge.
For unsecured loans, we can get the interest rate down to as low as 14% depending on the credit quality of your customer.
Before we take your client to one of our lender partners, we run our own eligibility assessment on them using our lender validated algorithms, we also do a soft pull of their credit report. In the event that we reject your client at this stage, there is no impact on their credit score because they have not formally made an application to a lender. We will provide you and your client with the specific reason we have rejected them, along with actionable information about what the borrower can do to improve their credit profile so that they can increase their chances of securing debt in the future.
EduMany is a managed marketplace for business including SME credit. We are engaged by lenders to intermediate between them and prospective borrowers. This means that we collect the borrowers KYC and financial documents on behalf of the lender and package the borrower’s application. We maintain the strictest security over all borrower data and their information is always kept confidential. To read more about how we use and protect data please read our Privacy Policy here: https://www.edumany.com/pages/privacy-policy
We have agreed on a list of acceptable documents with all our lender partners. These are the minimum requirements, and unless the documents accompany the loan application our lender partners cannot log the case into their system or process the loan. Additionally the lender does make additional documentation request on a case to case basis.
CIBIL is a credit bureau which creates credit scores based on repayment track record and amount of debt. These scores are shared with lenders whenever a borrower makes an application for debt. EduMany is not a credit bureau. We run a managed marketplace. We facilitate loan getting process basis a borrower’s ability to repay a loan which is determined on a borrower’s financial strength and the likelihood of approval. We do not report our findings to any credit bureau, so our process has no impact on the borrower’s credit score.
If we haven’t answered all your questions already, send us an email on partner@EduMany.com or call us on +91 9833777077 and we will do our best to answer any other questions you may have.
Save weeks and months of running around in 3 simple steps. Get hassle-free finance from India's largest SME credit marketplace.
India's Largest Finance Marketplace. Equity, Loans
Get Qualified Business Loan Requirement, with Ease.
Our Partnership approach.
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Assisting improve approval rates go up to 99%.
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Reduce processing time from 4-6 weeks to days.
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Stop wasting time and money on applicants not meeting criteria.
Up to 70% of all SME loan applications are rejected by Indian lenders. On average it takes between 4-6 weeks to process these applications.
– Source World Bank, RBI
Borrower FAQs
EduMany is a marketplace technology company. Our vision is a world in which every Institution and SME gets access to affordable credit when they need it most.
In India, we operate a technology platform that uses advanced algorithms to provide Institution and SMEs with customized and affordable business loans to help them grow and successfully scale their businesses.
We work with various leading lenders including nationalised banks, private sector banks, co-operative banks and non-banking financial companies among others, so we can get you the best loan for your business no matter your size or location.
- We save you the time and trouble of trying to compare loan products and lenders, and we get you answers in minutes.
- Our application process takes only minutes to complete, and we will handhold you all along the process in get the loan you want as per your eligibility. Imagine! Easy process, no stress, just a few days and cash in the bank!
- If you are not eligible, we let you know why and provide suggestions on how you can improve your profile, so that you can secure a business loan in the future.
- We are on your side. We work with most leading lenders who offer more than 100 different SME loan products. This allows us to find you the option that best suits your business.
- We make sure that you can afford the loan you want by doing an affordability analysis using advanced technology, so you don’t take out more debt than you can afford.
- Our process is majorly digital, so there is limited requirement for you need to leave your home or business to meet us or our lender partners.
- Our documentation process is simple. We tell you upfront what documents you’ll need to submit. We start by collecting minimum documentation to get your loan application moving, and later guide you through any additional documents that you may need to submit.
- We check your documents to make sure you don’t get rejected simply because you forgot an important piece of paper.
- We prepare your application package and do all the hard work for you.
Zero hassle. Zero stress.
If you work with EduMany, you can focus on what matters: Growing your Business.
We do all the hard work for you, bringing all our experience to get you your loan
If you go direct to a lender, they will do a hard pull of your credit score. Each time you apply directly to them, your credit score gets impacted. So, every time you apply directly to a lender and get rejected, your credit score is negatively impacted.
With EduMany, our team of experts bring in their experience to let you know if you are eligible for a loan and find the right loan for you.
If you are not eligible, we let you know exactly why and give you tips and what you can do to improve your profile and improve your chances of getting a loan in the future.
One application gets you access to multiple lenders and 100s of types of business loans
To get access to such a wide selection of business loans, you’d need to go directly to multiple lenders. Each one would ask you to complete a different application and produce different documents. We do all the work to find you to the best loan, and you only have to fill out one application.
We are on your side
We make sure that you can afford the loan you want – we do an affordability analysis preparing Technical evaluation report, so you don’t take out more debt than you can afford.
We also get your application together and do all the hard work of negotiating the best terms for you.
We are majorly digital
Our process is majorly digital, so you don’t need to travel to meet us, and you don’t need to travel to meet lenders in most cases.
Our documentation process is simple
We tell you upfront what documents you’ll need to submit. You can find a complete list of document requirements presented by us on understanding your requirement.
We also check your documents to make sure you don’t get rejected because you forgot an important piece of paper.
Zero Hassle. Zero Stress.
Applying to multiple lenders does not ensure a loan approval. Furthermore, multiple applications will impact your credit score negatively and lessen your chances of getting a loan in the future
Filling multiple applications with the same lender will not change the outcome. It will only end up negatively impacting your credit report. If a loan is rejected once by a lender, there is high probability of the lender rejecting it again unless something fundamental has changed in your business.
Whenever you apply directly to a lender for a loan, they do a hard pull of your credit report. Why does this matter? Hard pulls get recorded in your credit report, making them visible to other lenders. Too many hard pulls in a short span of time can bring down your credit score, reducing your chances of getting a loan. This is because multiple requests indicate to lenders that your business may not be in a good financial place.
At EduMany, we enable a NO RISK application for a loan that doesn’t impact your credit score. As a partner that is fully committed to helping SMEs get access to affordable finance, we never do a hard pull of your credit score. When you apply for a business loan with EduMany, we do a soft pull of your Experian report, which includes your credit score, that helps us make a more accurate business loan match for you based on the information you provide. This soft pull will only be visible to you and will not affect your credit score. That’s our promise.
NO HASSLE. NO RISK!
We can help you access more than 100 specialised SME loan products from more than 25 lender partners. Having a wide range of partners allows us to offer you a type of loan that best suits your needs, including:
- Unsecured Business Loans
- Machinery Loans
- Working Capital Loans
- Secured Term Loans
- Loans Against Property
For a full description of all the loans we can help you access and for more information that can help you understand which business loans are right for you check the section above the FAQs
The interest rate offered to you will vary depending on your credit profile, the lender, and the type of loan you are looking for.
Indicative ranges are:
- Unsecured: starting at 14%
- Secured: starting at 14%
- Loan Against Property: starting at 14%
The tenure will vary based on the type of loan you are looking for.
Indicative ranges are:
- Unsecured: 12 months and max term is 36 months
- Secured: 5 years to 20 years
Most of our lender partners don’t provide loans to start-up businesses. This is because businesses that are less than 2 years old typically won’t have a proven business model yet, which makes it difficult for a lender to understand the risk involved with lending to them.
However, if you have an existing business that’s more than 2 years old with a good track record and are now looking to open a new branch or to diversify into a new business line, we may be able to help.
Your bureau credit score is only one of many factors a lender will assess when you apply for a loan. For business loans, lenders assess your ability and willingness: whether your business generates enough revenue to pay back the loan you are asking for, and whether you will be willing to repay the loan on time. Your credit score is a good indication of your willingness to repay, as it reflects your repayment history. Below is the range of Experian scores and what they mean:
| Credit Score Range | Grade | What it means |
|---|---|---|
| 750 – 900 | Excellent | Eligible for low interest rates and higher approval chances |
| 700 – 749 | Good | Can become eligible for better interest rates |
| 650 – 699 | Fair | The options are limited, but credit approval is possible. |
| 600 – 649 | Doubtful | Higher interest rates on loans and credit card approval could be harder |
| Below 600 | Immediate Action Required | Approval chances are very low |
We will work to understand your requirement and help you prepare for future debt. Once you are prepared, we assist in securing you a loan from an appropriate lender at the most favorable terms and conditions.
EduMany specialises in helping SMEs access business finance to grow their business. We arrange financing for home loans or education loans under a different vertical.
Our process is simple.
1.We get to know your business.
We get to know you so that we can identify the right financing options for your business needs. We do this by asking you to register with a One Time Password , fill out your basic details, have a short conversation to check your eligibility, and submit your application form. This takes just a few minutes.
2.We find the business loan that’s right for you.
Our experienced team searches through hundreds of SME loan products from India’s top lenders to find the perfect match for your business.
3.We help you get your documentation in order to complete your loan application.
We tell you exactly what documentation is needed and have made it simple for you to share the documentation with us.
4.We get you your loan.
We put your application together for you and then submit it to the right lender for your business. All that’s left is for the lender to say yes, and for you to agree!
As a first step, we run you through EduMany’s loan eligibility process to help us understand how much your capacity to take on debt is. We then match you with an appropriate lender using our proprietary lender matching algorithm to ensure you are only matched with the lender that best suits your requirements and debt capacity. The lender you are matched with depends on several factors including: the size of your business, number of years in operation, sector you operate in, the size of loan you need, type of loan you want, location where your business is based, and your credit score.
We ask these questions so that our team can get the most accurate assessment of your financial health and eligibility for a business loan. These queries are applied to each business type and are compared to our lenders’ requirements to give you an accurate indication of your loan eligibility.
With this very limited input from you, we can do an initial assessment of your loan eligibility and match you with the best business loan product and lender using our proprietary credit algorithms.
If you have already registered with EduMany, you can continue your application by Post Buy Requirement (PBR) here using the link provided in the dashboard https://www.edumany.com/requirements
If you are yet to register, you can do so via https://www.edumany.com/login and then apply.
Yes, when you begin our survey, we will check your Experian credit report to determine your eligibility for a loan. This is simply a soft pull for your credit report and does not have any impact on your score. We ask your consent to check your Experian credit score when you start our survey.
A soft pull is the bureau credit report pull done by a company or an institution other than MLIs (Money Lending Institutions i.e. banks/NBFCs). Since we’re not an MLI, the bureau pull done by us on Experian with your consent is considered a ‘soft pull’. This doesn’t impact your credit score because it doesn’t count as an enquiry on your credit report. This is the same as downloading your credit report on your own. Once we request for your credit report, a copy is also sent to you by our Bureau partner on your registered email ID.
You will need to provide KYC documents for you and for your business, along with bank account statements from the last 12 months of all the bank account(s) you use to do business transactions.
For certain types of business loans, you will also need to provide us with additional documents like your Income Tax Returns, audited financial accounts, and GST filings. On receipt of your requirement, we will provide you a full list of documents required by type of loan you wish to avail.
EduMany would be coordinating your requirement with multiple leading lenders, and we act as a one-stop solution for all your borrowing needs.
We save you the time and stress by comparing different business loan products for you and match you with the right one within minutes. In order to do this, we need to receive supporting documents for your loan application.
Collecting basic KYC and financial documentation is an important part of this process, as this allows us to run our credit assessment and lender matching services. This assessment process is what eventually allows us to match you with one of our 25+ lender partners. Each lender partner has different requirements, and we do the work in helping you get together the right documents for the lender we have matched you with.
The faster you can provide your documentation, the faster we can get you matched with one the right lender and get you the financing you need!
At EduMany, we treat your data with care.
We collect digital copies of your documentation, which are used in our credit assessment and lender matching processes. We will always keep your documents safely stored and confidential, and we have in place appropriate measures that are designed to keep your documents secure. You have control over your documents – we will ask you to upload your documents into our borrower portal, and you can remove your documents at any time.
This depends on how fast you can get us your documentation. With a complete application package (including the necessary documents), we have been able to secure business loans in as little as 2 days!
Once we have your documentation, we can help you to get a loan along the following general timelines:
- Unsecured Loan: 2-3 days
- Secured Loan: 7 days
No, but many of the business loans we pre-approve are successful. We do our best to help you achieve your goals, but the outcome depends on a variety of factors, so we cannot guarantee a loan. It is important to remember that our loan eligibility result is not a sanction amount. Lenders may provide a different sanction value depending on their T&Cs and lending policies.
Some lenders have introduced more stringent requirements for documentation or made changes to their credit policies, including which sectors they will currently lend to, and how much risk they are prepared to take on lending to less creditworthy borrowers, but this should not deter you from applying.
We have been helping borrowers to secure business loans even during COVID lockdowns. We know which lenders will accept you and which ones won’t, and we will help you get your loan from the lender that’s right for you.
In the event that you applied for a moratorium, or your lender applied a moratorium to your loan, your new loan application may be impacted. Don’t let that stop you from applying for another loan.
The best way to assess the impact that moratorium has had on your creditworthiness is by checking your credit report before you apply for another business loan. We do this for you for free as part of our application process when we check your loan eligibility and can let you know in advance if there will be any issues.
We are here to help, so please apply online.
Every company is different and depending on your business’s financial strength both before and during COVID, you may still be able to get a loan, even though the sector you operate in may be facing challenges. Even if we cannot help you get a loan today, when you apply with us, we will provide you a free eligibility assessment and tips on how to secure a loan in the future so that when things normalise in your sector, we can help you get the finance you need.
At EduMany, we care about our customers and your privacy. Your data will be safely and securely stored, and we will share your data in accordance with our privacy policy and based on your consent. You can find full details of how we collect, use and store your data in our Privacy Policy.
Your privacy is important to us, and we are committed to protecting and safeguarding your rights. That’s why we only share your data with third parties (like our Lender Partners) if you have given us your permission to do so. We employ state-of-the-art technology and cloud-based security systems to keep your data safe.
EduMany is a global technology company, and we aim to meet best practice in all the countries that we operate in. We comply with data protection laws in India and endeavour to follow best practice so you can rest assured that your data will be treated with care.
You have the right to complain if you feel we haven’t stored or used your data appropriately. If you want to make a complaint, please email your complaint to our Data Officer by emailing info@EduMany.com
We love getting feedback, especially if it helps us improve our service. If you have something you’d like to tell us – either about something we’ve done well or something we can improve on – please write to us at info@EduMany.com
Lender FAQs
EduMany is building the world’s first managed marketplace for SME credit. The Company provides decision-optimising solutions to help SME lenders grow efficiently and supports SMEs to prepare for and access affordable credit from formal financial institutions.
EduMany delivers tech-driven intelligent lending solutions specifically tailored to the needs of SME lenders and helps enable revenue growth, effective risk management and cost reductions through increased efficiency.
This is offered to lenders via two main services:
1. How we help you grow your loan book: An end-to-end digital origination service, and
2. How we save you cost and time: Quality client sourcing to eliminate borrowers that are not a good match for your institution.
EduMany offers both a fully end-to-end origination service and Credit Assessment as a service to deliver better, quicker and more affordable lending and borrowing. We help SME lenders reduce the time taken for an SME lending decision from 4-6-weeks to just days, and at a fraction of the normal cost. In short, EduMany makes the SME lender’s life easier through the entire process – from lead generation to disbursal.
EduMany firstly markets to and attracts SME borrowers, and performs a series of pre-qualification checks on each SME:
- KYC, document collection and packaging of the loan request.
- Experienced modelling to remove borrowers who are not creditworthy.
- Soft-credit pull via Experian.
- Lender laid requirement matching – as a lender you will receive only potential SME borrowers that match your lending criteria.
Through this process, EduMany ensures that you receive high quality SME leads that have been pre-qualified in the loan application process. Using our services, you are likely to accept 99% of cases for credit committee review.
EduMany guides borrower SMEs through the loan application process to ensure they have the correct documentation, further reducing the time and cost on your side to take the borrower through to disbursal.
EduMany presents the financial data pertaining to a company. We do not cover other elements of credit risk, like Promoter’s risk, Product / Market / Industry risk, Reputation Risk, Competition Risk, Substitution Risk, Regulator Risk, or Concentration Risks.
Like lenders, we do not assume that the annual accounts stating financial performance are the only inputs required to make a sound decision on which company to lend to.
We believe that a borrower’s integrity and willingness to pay are equally important elements of the ultimate decision to lend and that lenders are best equipped to make a determination about these. We therefore do not do due diligence on companies or promoters nor do we provide an assessment of the managements’ integrity or willingness to pay as part of the analytics delivered on the platform.
EduMany does not guarantee the accuracy of the financial accounts that are filed by companies with the Ministry of Corporate Affairs.
EduMany’s solutions are designed to enable intelligent lending. We assist in the industry connect by filtering through very large client base to provide an efficient first filter on:
1. Whether a potential client is eligible to apply for a particular loan (size, tenure, interest rate) a lender wants to give.
2. Quickly identify new borrowers/sectoral opportunities which match a lender’s credit parameters.
As such our experience is to facilitate faster, more informed decision making to drive profitable SME lending growth by increasing efficiencies, reducing transaction costs involved in origination and help improve the quality of loans.
Decisions as to whether to make a loan and the amount and terms of the loan are solely at the discretion of the lender. EduMany does not make recommendations on those matters.
Our deep industry knowledge assists the decision making process. Our ability to talk the language of the lender and the loan seeker adds ease to the process
In addition, through our digital marketing, DSA and offline channels we secure leads lenders would not otherwise have access to and this is proprietary.
1. Imagine a world where everyone you wish to connect with in a sector is available on a single dashboard and where EduMany assists you conduct your business with ease.
2. Increase approval rates to 99%.
3. Time to approve a loan reduces from 4-6 weeks to days.
4. Reduce mistakes and remove subjective determinations from the assessment process.
5. Quickly generate a set of pre-qualified leads – automatic pre-approved candidates exactly aligned to your risk profile.
6. Increase access to individual borrowers or new sectors which fit specific and distinct credit parameters, without the need to add more staff or branches.
EduMany gathers a wide variety data from its client base who are potentially seeking finance. We do add in data from a myriad of publicly available sources including Registrars of Companies, Stock Exchanges and other relevant data sources in each country where we are active.
EduMany also is building a set of proprietary SME data basis the thousands of Indian SMEs that contact us each month.
This data feeds into the universe of data we hold on SMEs to further enrich the data and provide more accurate results. Note, this data is anonymised so that the source is not traceable, and our client’s data is kept confidential.
All client data is stored and treated in accordance with data privacy regulations and best practice in India and the company has policies and procedures in place to ensure the safety and security of data, products and systems.
EduMany’s Privacy Policy is located here: https://www.edumany.com/pages/privacy-policy
Referral Partner FAQs
EduMany is a marketplace financial technology company. We are based in Mumbai, India and are entirely focused on using technology to build solutions to the world’s biggest business and financial challenges.
Our vision is a world in which every SME gets opportunity to grow and access to affordable credit to grow when they need it.
In India, we operate the largest managed marketplace for SME credit and every day help thousands of SMEs secure affordable finance. Our technology and analytics are trusted by multiple leading lenders, including government sector banks, private banks, scheduled banks, cooperative banks, NBFCs, among others, all of which choose us to help them grow their SME loan books quickly and more profitably.
1. We Get Your Clients Better, Quicker Results.
We have years of experience, deep understanding of client requirements and deep connects with the lending industry that allows us assess a borrower’s loan eligibility, and match that borrower to the right lender who will be able to offer them the best interest rate, maximum amount, and quickest turn-around-time on their loan.
Since our connects and experience is lender-validated by multiple major banks and NBFCs that we work with, our lender partners have confidence that the borrowers we bring forward are high quality. This means that our lender partners are quick to log our borrowers into their systems, which means that our approval rates are the highest in the market. Working with us means less work for you, less shopping around, and better results for you and your clients.
2. You don’t have to pay us and In fact, we share our fees with you.
Unlike DSA aggregators we don’t charge you onboarding fees.
To get more information about commission structure for partners talk to us via email on partner@EduMany.com or call us on +91 9833777077.
Speedy Answers.
Before we ever take your client to a partner lender of ours, we run our own eligibility assessment on the borrower using our team and their experience. If your client isn’t a fit for any of our lenders, we will let you know this within a short period of receiving a complete file*, and we won’t take them forward so there will be no negative impact on their credit score. If your client is a fit, we will let you know this within a short period of receiving a complete file*, and then we do all the work to get your client the loan.
Our results speak for themselves. We can normally ensure disbursals of unsecured loans up to 50 lakhs in a few days and secured loan of up to 5 Crores in approx. 2 weeks.
*When you sign up as a partner we will outline the criteria for a complete file.
Speedy Payouts.
Since we get loans disbursed quickly, we get paid quickly by our clients / lender partners which also means we can share revenue with you quickly. On average, we normally pay commissions 30 days from the end of the month when disbursement has happened, so if disbursed on 10th September, you will receive payout by 30th October.
More Options for Your Clients. Less Work for You.
We save you from having to shop around your clients with multiple lenders, and we do all the follow up with the lender for you once the loan is place. Because we maintain an institutional relationship with all our lender partners, rather than a relationship with a particular branch or RM, we are able to help your clients avail of more than 100 SME loan products. This means that the chances of your client getting a loan is higher.
Why Partner With Us.
- Answers in the shortest time possible 24 hours on customer eligibility.
- Secured Loans disbursed in days.
- Our technology keeps track of your clients and you get paid.
- Higher conversion rates.
- Zero legwork with lenders.
- Tiered commission structure based on monthly volume and quality.
After every borrower for whom you’ve provided complete file gets their loan disbursed, you are eligible to receive a pay-out. This pay-out will be discussed with you while signing up for the referral partner program. EduMany will also pay you a fee if your clients come back to us for further funding. We can share our attractive commission structure with you.
We look for bright, motivated self-starters with a growing network of clients that need business loans. They should have good understanding of financial documents, business loan terminology and should be customer centric. Other criteria we take into account are your past experience, geographical service locations, type of loan products handled in the past, and disbursal / conversion success rate.
Our onboarding process is quite simple. Once you share the documents we require to onboard our partners, such as your KYC documents and 2 x business references, we are normally able to onboard you within 24 hours, provided all your required documents are in order.
We cannot arrange financing for borrowers who are in default on their current loan repayments, who have defaulted on their current loan obligations.
We cannot arrange financing for NPA loans or restructuring of distressed businesses.
Most of our lender partners don’t provide loans to start-up businesses. This is because businesses that are less than 3 years old typically won’t have a proven business model, which makes it difficult for a lender to understand the risk involved with lending to them.
However, if your client has an existing business that’s more than 3 years old with a good track record and they are now looking to open a new branch or to diversify into a new business line, we may be able to help.
We do also have a small number of partner lenders that accept a minimum business vintage of 1 year.
If you client falls into either of the two categories above, get in touch with us via email at partner@EduMany.com or phone on +91 9833777077 and we will let you know if we can help.
We can help your clients avail of more than 100 specialised loan products from multiple leading lenders. The loan types we can help your clients with include: working capital loans; secured term loans; machinery loans; loans against property (LAP); secured business loans; OD; invoice finance; import finance and export finance. We work with lenders who can offer loans of 1 lakh up to 15 crores. Higher loans require better proposal understanding.
We are able to secure the best interest rates in the market for your clients. For secured loans we can get the interest rate starting at 14% depending on the security that your client can pledge.
For unsecured loans, we can get the interest rate down to as low as 14% depending on the credit quality of your customer.
Before we take your client to one of our lender partners, we run our own eligibility assessment on them using our lender validated algorithms, we also do a soft pull of their credit report. In the event that we reject your client at this stage, there is no impact on their credit score because they have not formally made an application to a lender. We will provide you and your client with the specific reason we have rejected them, along with actionable information about what the borrower can do to improve their credit profile so that they can increase their chances of securing debt in the future.
EduMany is a managed marketplace for business including SME credit. We are engaged by lenders to intermediate between them and prospective borrowers. This means that we collect the borrowers KYC and financial documents on behalf of the lender and package the borrower’s application. We maintain the strictest security over all borrower data and their information is always kept confidential. To read more about how we use and protect data please read our Privacy Policy here: https://www.edumany.com/pages/privacy-policy
We have agreed on a list of acceptable documents with all our lender partners. These are the minimum requirements, and unless the documents accompany the loan application our lender partners cannot log the case into their system or process the loan. Additionally the lender does make additional documentation request on a case to case basis.
CIBIL is a credit bureau which creates credit scores based on repayment track record and amount of debt. These scores are shared with lenders whenever a borrower makes an application for debt. EduMany is not a credit bureau. We run a managed marketplace. We facilitate loan getting process basis a borrower’s ability to repay a loan which is determined on a borrower’s financial strength and the likelihood of approval. We do not report our findings to any credit bureau, so our process has no impact on the borrower’s credit score.
If we haven’t answered all your questions already, send us an email on partner@EduMany.com or call us on +91 9833777077 and we will do our best to answer any other questions you may have.
