{"id":38380,"date":"2025-06-07T19:20:52","date_gmt":"2025-06-07T13:50:52","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/06\/07\/7-fin-digital-lending-launches-in-surat-30-min-credit-cards-loans\/"},"modified":"2025-06-07T19:20:52","modified_gmt":"2025-06-07T13:50:52","slug":"7-fin-digital-lending-launches-in-surat-30-min-credit-cards-loans","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/06\/07\/7-fin-digital-lending-launches-in-surat-30-min-credit-cards-loans\/","title":{"rendered":"7 Fin Digital Lending Launches in Surat: 30-Min Credit Cards &amp; Loans"},"content":{"rendered":"<div>\n<p data-start=\"238\" data-end=\"568\"><strong data-start=\"238\" data-end=\"274\">Surat (Gujarat) [India], June 7: <\/strong>In a major step towards financial inclusion for Small and Medium Enterprises (SMEs), Hyderabad-based <strong data-start=\"378\" data-end=\"407\">7 Hills Fintech Pvt. LTD.<\/strong> formally introduced <strong data-start=\"428\" data-end=\"437\">7 Fin<\/strong>, its digital-first brand, in Surat. Launching operations from Solaris Bayview, this strategic move marks 7 Fin\u2019s debut in Gujarat.<\/p>\n<h4 data-start=\"570\" data-end=\"603\">Bridging the SME Credit Gap<\/h4>\n<p data-start=\"604\" data-end=\"828\">Though SMEs are the backbone of India\u2019s economy, access to adequate and timely credit remains a key challenge. 7 Hills Fintech aims to address this disparity by leveraging modern technology to streamline the lending process.<\/p>\n<p data-start=\"830\" data-end=\"1128\">Among Asian cities, Surat is among those with the fastest rates of growth. Thanks to the robust SME network here, having operations in Surat will help us stay in good shape,\u201d said <strong data-start=\"1011\" data-end=\"1030\">Jitendra Mishra<\/strong>, Co-founder of 7 Fin. \u201cOur goal is to enable businesses with quick, transparent lending options.\u201d<\/p>\n<p data-start=\"1130\" data-end=\"1352\">The Four Founder Members\u2014Pramod Pacchva \u2013 Founder Member;<strong>\u00a0Jitendra Mishra;<\/strong>\u00a0<strong>Anil Manwani;<\/strong>\u00a0and\u00a0<strong>Vasu Reddy<\/strong>\u2014bring vast experience from their time at Standard Chartered Bank, particularly in SME lending, lending operational credibility to the initiative.<\/p>\n<h4 data-start=\"1354\" data-end=\"1401\">Fast, Paperless Credit with Digital Focus<\/h4>\n<p data-start=\"1402\" data-end=\"1675\">The 7 Fin platform allows users to apply entirely online for credit cards and personal loans using just <strong data-start=\"1506\" data-end=\"1525\">Aadhaar and PAN<\/strong>. Real-time <strong data-start=\"1537\" data-end=\"1565\">CIBIL score verification<\/strong> removes the need for paperwork. The process is completely digital, offering speed, transparency, and security.<\/p>\n<p data-start=\"1677\" data-end=\"1845\">The mobile application is currently in the <strong data-start=\"1720\" data-end=\"1754\">Research and Development (R&amp;D)<\/strong> phase, being built in collaboration with a technology partner. Upon launch, it will offer:<\/p>\n<ul>\n<li data-start=\"1849\" data-end=\"1889\">Credit card issuance within 30 minutes<\/li>\n<li data-start=\"1892\" data-end=\"1941\">Personal loan disbursal in 30 minutes to 3 days<\/li>\n<li data-start=\"1944\" data-end=\"1987\">Instant KYC and credit score verification<\/li>\n<li data-start=\"1990\" data-end=\"2024\">Nationwide digital accessibility<\/li>\n<\/ul>\n<h4>A Hybrid Lending Model<\/h4>\n<p data-start=\"2055\" data-end=\"2242\">While the online platform supports fast access to credit cards and personal loans, 7 Fin will continue to process a wide range of SME loans through its <strong data-start=\"2207\" data-end=\"2226\">offline network<\/strong>. These include:<\/p>\n<ul>\n<li data-start=\"2246\" data-end=\"2274\">Business installment loans<\/li>\n<li data-start=\"2277\" data-end=\"2294\">Home loans (HL)<\/li>\n<li data-start=\"2297\" data-end=\"2318\">Channel fundraising<\/li>\n<li data-start=\"2321\" data-end=\"2346\">Working capital finance<\/li>\n<li data-start=\"2349\" data-end=\"2381\">Lease rental discounting (LRD)<\/li>\n<li data-start=\"2384\" data-end=\"2417\">Insurance &amp; investment advisory<\/li>\n<li data-start=\"2420\" data-end=\"2442\">IPO support for SMEs<\/li>\n<\/ul>\n<p data-start=\"2444\" data-end=\"2595\">To facilitate this hybrid approach, 7 Fin is empanelled as a <strong data-start=\"2505\" data-end=\"2524\">Channel Partner<\/strong> with various nationalised, private, and multinational banks and NBFCs.<\/p>\n<p data-start=\"2444\" data-end=\"2595\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-47949 size-full\" src=\"https:\/\/dailynewsindia.co.in\/wp-content\/uploads\/2025\/06\/PNN-2025-06-07T174940009.jpg\" alt=\"Digital\" width=\"1200\" height=\"675\"><\/p>\n<h4 data-start=\"2597\" data-end=\"2643\">Strategic Leadership and Expansion Plans<\/h4>\n<p data-start=\"2644\" data-end=\"2920\">Backed by a seasoned co-founder trio, <strong data-start=\"2682\" data-end=\"2700\">Pramod Pacchva<\/strong>, Managing Director of 7 Hills Fintech, leads the initiative. The <strong data-start=\"2766\" data-end=\"2782\">Surat office<\/strong> marks the beginning of a broader expansion strategy, with planned operations in <strong data-start=\"2863\" data-end=\"2894\">Mumbai, Pune, and Hyderabad<\/strong> over the next two months.<\/p>\n<p data-start=\"2922\" data-end=\"3108\">The company\u2019s <strong data-start=\"2936\" data-end=\"2957\">registered office<\/strong> remains in Hyderabad, while <strong data-start=\"2986\" data-end=\"2996\">Mumbai<\/strong> serves as the corporate headquarters\u2014reflecting a deliberate focus on urban centers with strong SME ecosystems.<\/p>\n<h4 data-start=\"3110\" data-end=\"3131\">Forward Outlook<\/h4>\n<p data-start=\"3132\" data-end=\"3406\">Entering a rapidly evolving Indian fintech landscape, 7 Fin distinguishes itself with a value proposition of <strong data-start=\"3241\" data-end=\"3282\">speed, simplicity, and SME-centricity<\/strong>. Its combination of offline legacy and digital agility positions it as a promising player in India\u2019s digital lending space.<\/p>\n<p data-start=\"3408\" data-end=\"3562\">As SMEs seek financial partners that understand their unique challenges, <strong data-start=\"3481\" data-end=\"3562\">7 Fin emerges as a nimble, trustworthy ally to bridge India\u2019s SME credit gap.<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Surat (Gujarat) [India], June 7: In a major step towards financial inclusion for Small and Medium Enterprises (SMEs), Hyderabad-based 7 Hills Fintech Pvt. LTD. formally introduced 7 Fin, its digital-first brand, in Surat. Launching operations from Solaris Bayview, this strategic move marks 7 Fin\u2019s debut in Gujarat. Bridging the SME Credit Gap Though SMEs are&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/dailynewsindia.co.in\/index.php\/2025\/06\/07\/7-fin-digital-lending-launches-in-surat-30-min-credit-cards-loans\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;7 Fin Digital Lending Launches in Surat: 30-Min Credit Cards &amp; Loans&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":38381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-38380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/38380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=38380"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/38380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/38381"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=38380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=38380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=38380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}