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As per the partnership of Facebook and Indifi, advertisers who use Facebook in India will now have access to small business loans worth as little as how many rupees at a predefined interest rate of 17-20%?

As per the partnership of Facebook and Indifi, advertisers who use Facebook in India will now have access to small business loans worth as little as how many rupees at a predefined interest rate of 17-20%? Correct Answer 5 lakh

The correct answer is 5 lakh.

  • Facebook has partnered with Indifi.
  • Advertisers who use Facebook in India will now have access to small business loans worth as little as Rs. 5 lakh at a predefined interest rate of 17-20%. 
  • Indifi will bear the risk of the loans and decide the eligibility criteria.
  • Businesses partly or wholly owned by women will get an additional 0.2% reduction in applied loan interest rate.
  • Facebook has partnered with a technology startup, Indifi, for the loan venture in India, its largest market worldwide with more than 340 million users.
  • Indifi will decide on the eligibility criteria of the borrowers, such as creditworthiness and also bear the risk of loan defaults.

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