back Back

Tata Capital launches Digital Trade Advance in India

By Edil Corneille

October 21, 2020

  • India
  • Tata Capital
Share

Tata Capital, India, financial services, digital, online, payment, loan, FinTechMumbai-based Tata Capital, the financial services arm of the Tata Group, announced today its Digital Trade Advance product for premium commercial customers. The latest offering is exclusive to Tata Capital’s pre-approved premium dealers who can now provide instant loans to their respective two-wheeler vehicle buyers.

On the launch of Trade Advance, Abonty Banerjee, Chief of Digital and Marketing, Tata Capital said, “Digital Trade Advance is our latest offering exclusive to our customers dealing in two wheeler vehicles across India. This product aims to help our dealers grow their business by providing easy and accessible finance options to their customers. Also, DTA will further boost sales for this category as the festive season demand gains momentum.”

Tata Capital mentioned that its Commercial and SME Finance Business is committed to being a complete financial solutions partner. The company offers a comprehensive range of digital products and services which provides value to its customers. With a significant increase in the digital penetration of customers, Tata Capital offerings include an exclusive portal for its Channel Financing and Commercial Lending Borrowers and also a dedicated smartphone app.

Key features of Digital Trade Advance comprise of same-day sanctions for loans up to INR 5 million, collateral-free loans, and minimum documentation required (only KYC documents necessary in the pre sanction stage).

Tata Capital is a holistic financial services provider that caters to the diverse needs of retail, corporate and institutional customers, directly or indirectly through its subsidiaries. Its range of offerings includes consumer finance, advisory services, commercial finance, infrastructure finance, securities, investment banking, private equity advisory, credit cards and travel & forex services.

Previous Article

October 21, 2020

Modulr secures EMI licence from the Central Bank of Ireland

Read More
Next Article

October 21, 2020

TymeBank chooses Network International to empower SMBs accept electronic payments

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

India

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Systems Limited & Formpipe team to drive digitalisation for MEA banks

Read More

Today

Worldline & Antenor enable contactless payments at Selfly Store vending machines

Read More

Today

Ajman Transport Authority & BPC digitize payments for UAE commuters

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024