In India, millions of daily-wage earners often face cash-flow gaps for essentials like travel, food, and emergency healthcare. Traditional banks rarely cater to this segment. Vizzve Finance has introduced Nano Loans — instant micro-credit of ₹500–₹2000 — to bridge this gap with speed and ease.
What Are Nano Loans?
Nano loans are ultra-small, short-term credit offerings designed for workers who need immediate funds. With amounts ranging from ₹500 to ₹2000, they’re faster and more accessible than traditional microfinance loans.
How Vizzve Finance Nano Loans Work
Quick Application: Simple, mobile-friendly process.
Instant Approval: Based on minimal KYC and income checks.
Fast Disbursal: Funds credited to the beneficiary’s account or wallet within minutes.
Flexible Repayment: Small instalments to suit variable daily wages.
Key Benefits of Vizzve Finance Nano Loans
Instant Access: Emergency cash when needed most.
No Heavy Paperwork: Digital onboarding via the Vizzve Finance platform.
Affordable Interest: Lower rates compared to informal lenders.
Financial Inclusion: Helps bring unbanked daily-wage earners into the formal credit ecosystem.
Why It Matters
Nano loans can prevent borrowers from falling into the debt trap of moneylenders. They also help build a credit footprint, which can enable access to larger loans in the future.
Comparison Table: Traditional Microloan vs. Vizzve Finance Nano Loan
| Feature | Traditional Microloan | Vizzve Finance Nano Loan |
|---|---|---|
| Loan Size | ₹5,000–₹50,000 | ₹500–₹2000 |
| Processing Time | Days/Weeks | Minutes |
| Collateral Required | Sometimes | No |
| Borrower Segment | SHGs / Small Business | Daily-Wage Earners |
Conclusion
Vizzve Finance’s Nano Loans represent a game-changer in micro-credit. By offering fast, small-ticket loans, the company is improving financial resilience for daily-wage earners and advancing financial inclusion in India.
FAQ Section
Q1. Who can apply for Vizzve Finance Nano Loans?
Daily-wage earners, gig workers, and small vendors needing instant funds.
Q2. How fast is the approval?
Most nano loans are approved and disbursed within minutes after basic verification.
Q3. Do I need collateral?
No collateral is required for Vizzve Finance Nano Loans.
Q4. What is the repayment period?
Repayment terms are short and flexible — usually linked to the borrower’s earning cycle.
Q5. Does it help build credit history?
Yes. Timely repayment of nano loans helps borrowers create a positive credit footprint.
Published on : 17th September
Published by : SMITA
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