Among the ever-changing environment of the financial services industry, L&T stands out as a model of consistency and originality. Miflow (Microfinance) is a robust web-based tool developed by L&T’s governmental authority that distinguishes out among its many services.
This online marketplace provides access to loans for a broad range of commodities all across the globe. Micro Finance Collection Repository (MERC) is the hub of this system and meticulously tracks all payments made against these loans.
Microfinance’s Short-Term Finance Wonder
Short-term financing, an area where microfinance excels, is the backbone of L&T’s financial services. Miflow (MERC), driven by the MERC site, is at the helm of this initiative, providing clients with fast, easy, and safe access to loans.
MERC Portal, Here We Come!
The MERC portal is the digital hub for the short-term financing industry, where L&T has spent considerable time and energy consolidating all collecting data. This potent programme facilitates the administration of a large client base, making it possible to easily track loan balances and payment schedules. Through this convenient interface, customers can keep tabs on their loan information and balances with ease.
Primary Benefits: Securing One’s Financial Future
Term loans via Joint Liability Groups (JLG) are an innovative product created by L&T to broaden access to credit.
Customers may borrow up to 45,000, helping them close the gap between their dreams and their financial means.
Miflow offers affordable loan terms up to 24 months, making it ideal for those with temporary cash flow issues.
Predictable monthly payments bring clarity and consistency in financial planning, and simple monthly payment plans provide just that.
A flat processing cost of 1% assures that this service is both cheap and easy to use.
Borrowers are given the financial freedom to pursue their goals thanks to the competitive interest rates set at 24%*.
To ensure that consumers are aware of and comfortable with their financial commitment, we charge a flat processing fee of 1%.
Miflow’s Big Reveal:
Miflow provides flexible financing terms of up to two years to meet a wide variety of customer requirements. Built by L&T, this web-based tool streamlines the management of customer and staff information while also improving visibility and responsibility. L&T finance is responsible for all collection efforts, making sure that both customers and workers have a positive experience.
So why Miflow?
Miflow stands apart in a crowded marketplace because to L&T Finance. Financial security and responsibility are enhanced by using this app, which has been selected by L&T authorities.
Microcredit Improves the Lives of Women:
L&T offers women business owners a helping hand by providing loans of up to $45,000 for terms of up to 24 months. There is no need to put up any collateral and the one percent processing fee is minimal.