On World MSME Day, Arka Fincap announces 0% processing fees on top-up loans

Mumbai, Maharashtra Jun 27, 2024 (EMWNews.com) – On occasion of World MSME Day, Arka announces 0% processing fees on top-up loans

~ Offer valid till 27th July for MSMEs that are existing customers

On occasion of World MSME Day today, Arka Fincap Limited is pleased to announce a 0% processing fee on top-up loans for a limited period, ending July 27, 2024. This special offer is designed to provide MSMEs with additional financial support, enabling them to expand their businesses without incurring extra costs. Arka Fincap is a NBFC and subsidiary of Kirloskar Oil Engines Limited (KOEL).

Navin Saini, Business Head – Retail SME & MSME, Arka Fincap Limited, said, “At Arka, we deeply value our customers and are committed to supporting their growth and success. On World MSME Day, we are pleased to offer a 0% processing fee on top-up loans for our existing customers. This special offer is our way of expressing gratitude for their trust and loyalty, helping them access the additional funds they need to expand their businesses without incurring extra costs. We believe in empowering our nation’s MSMEs to achieve greater heights, and this is just one of the many ways we show our dedication to their financial well-being.”

MSMEs play a vital role in the Indian economy, contributing significantly to employment generation, exports, and overall economic growth. Arka Fincap has always prioritized the financial health and growth of its MSME customers. With a strong focus on customer-centric services and innovative financial products, the company continues to support the entrepreneurial spirit and ambitions of MSMEs across the country. Recently, Arka Fincap launched their LAP Dropline Overdraft (DLOD) facility, where interest payment is based on limit utilization, allowing customers to save significantly on their interest expenses.

Launched in 2021, Arka’s MSME and SME business vertical now stands at approximately 2,600 crores, contributing to 50% of the overall AUM of 5,200 crores as of March 31, 2024. Arka Fincap Limited is a customer-focused, digitally enabled, analytics driven, Non-Banking Financial Company which provides secured and unsecured financing solutions to MSMEs, SMEs, developers, and corporates.

About Arka Fincap Limited:

Arka Fincap Limited, established in 2018 as a subsidiary of Kirloskar Oil Engines Limited, leverages the 130-year legacy of its parent company. Arka operates in four main business segments: MSME & personal lending, corporate lending, real estate and urban infrastructure financing and syndication.

As a non-banking financial company (NBFC) with a CRISIL rating of AA(-) for long-term borrowings and A1(+) for short-term borrowings with a positive outlook, Arka offers growth capital to businesses. As of March 31, 2024, Arka’s AUM was INR 5,200 crores, with the retail AUM constituting 50% of the total. With a presence across 31 branches in India, Arka is expanding its reach to enable businesses nationwide to advance.