GeM Sahay
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About App
GeM Sahay is a lending platform by Government EMarketplace. It offers instant collateral-free loans against purchase orders on GeM portal, unlocking new opportunities for Sellers & Service Providers to grow their business in India’s largest public procurement marketplace. The Sellers & Service Providers can view, compare and avail attractive loan offers at competitive interest rates from various recognized lending institutions through a single window. For example, if the Purchase Order value is ₹1,00,000 and the lending partner provides a loan with an 80% Loan-to-Value (LTV) ratio, the sanctioned loan amount will be ₹80,000.wherein Principal Amount is ₹80,000 and Other charges which include interest amount , charges will sum up close to ₹3000 . The Repayment Amount shall be ₹85,000 On the repayment date, the borrower must repay ₹80,000 plus any interest accrued, as determined by the lender ...
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