Business VerticalHome furnishings – Retail and Repair
Monthly TurnoverRs. 3,50,000 – 4,00,000
Monthly Banking TurnoverRs. 50,000 – 75,000
Home RentedNo (Owned)
Business RentedYes
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Manoj needed quick disbursal to stock inventory

Manoj Sharma owns a retail showroom and primarily deals in mattresses and curtains in the suburbs of north Delhi. Always driven by the lust of working for himself, Manoj was very clear from the onset that he will set up is own business. With modest beginnings in 2010, Manoj has come a long way. “My shop is not located in the most prime part of the city. Further it is a rented premise and hence banks are not willing to extend credit despite having decent business margins. I happened to attend a dealers’ conference for a in demand mattress brand with a friend and felt the urge of adding it to my offerings. Therefore, required immediate credit to buy the inventory.” Steered by a friend, Manoj read about LoanSimple on-line and put in a request for loan. He was visited by an employee the very next day and with minimal paperwork his file was processed. Manoj’s loan was disbursed within 5 days of the application which he used to expand his business.

LoanSimple's daily repayment is not a burden for Manoj

“The best part is the daily repayment structure which is so miniscule that I really don’t get to know when my repayment happens from my daily sales and loan gets paid off in an organic manner without any hassle. Manoj wishes to get into the manufacturing of mattresses and do his own branding in the market someday. He early awaits a top-up for the same.

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