Mumbai-based NBFC InCred has raised Rs 500 crore debt funding from various public sector banks and public financial institutions. The debt issuance took the form of term loans, NCDs (under LTRO and PCG scheme), and market linked debentures.
According to a statement released by the company, the latest round of financing will boost InCred’s lending expansion across select segments in the consumer, education, and MSME markets.
InCred currently disburses four types of loans - personal, education, home, and SME (small and medium enterprises).
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