Purple Finance Expands Footprint in Chhattisgarh with Two New Branch Openings
Purple Finance, a leading non-banking financial company (NBFC) focused on empowering India’s micro, small and medium enterprises (MSMEs), has entered Chhattisgarh state with the inauguration of two new branches in Bhilai and Rajnandgaon. This expansion aims to strengthen access to formal credit for underserved MSMESs and support local entrepreneurship across the region. The company offers secured business loans ranging from 5 lakh to 30 lakh, designed specifically to support India’s micro and small enterprises. Leveraging a robust digital underwriting platform, Purple Finance provides in-principle loan decisions within just 5 hours, enabling MSMEs to access timely funding and drive business growth with greater confidence and efficiency.
Key Highlights
- Purple Finance expands its presence in Chhattisgarh with two new branches in Bhilai and Rajnandgaon.
- The new branches aim to strengthen access to formal credit for underserved MSMEs in the region.
- Purple Finance offers secured business loans ranging from 5 lakh to 30 lakh for micro and small enterprises.
- The company uses a robust digital underwriting platform to provide in-principle loan decisions within just 5 hours.
- Purple Finance is now operational in 7 states with 46 branches, marking another milestone in its journey toward becoming a truly pan-India NBFC.