PayMe to Inaugurate Its Second Offline Branch in Gorakhpur, Expanding Access to LAP and Personal Loans

2026-08-15 11:22:14 Business

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New Delhi, 25th June, 2026: PayMe, an RBI-registered NBFC and emerging Indian fintech platform, is set to inaugurate its second offline branch in Gorakhpur on 27th June, following the successful launch of its first branch in Delhi NCR. The upcoming branch marks another important step in the company's expansion strategy aimed at strengthening access to formal credit and financial services in underserved markets.

The new branch will offer Loan Against Property (LAP) facilities of up to ₹20 lakh, accepting both residential and commercial properties, including owned and rented assets. The product is designed to help individuals and small business owners unlock the value of their assets and access secured financing with flexible repayment tenures ranging from 3 to 10 years.

In addition, PayMe will provide Personal Loans of up to ₹5 lakh through the branch, catering to the financial needs of salaried professionals, retailers, micro-entrepreneurs, and small business owners seeking timely and structured credit solutions.

The offline expansion complements PayMe's broader digital ecosystem, which includes secured and unsecured lending products, along with SaaS-based fintech solutions offered through its technology arm, Huey Tech. By combining technology-led underwriting with personalized customer engagement, PayMe aims to deliver a seamless and transparent borrowing experience.

Commenting on the upcoming launch, Mahesh Shukla, Founder and CEO, PayMe, said: "The inauguration of our Gorakhpur branch reflects PayMe's commitment to bringing responsible and accessible financial services closer to customers. Building on the positive response received in Delhi NCR, we are expanding our physical presence to support individuals and businesses who seek reliable credit solutions backed by technology, transparency, and customer-centric service. We see significant potential in Gorakhpur and look forward to contributing to the region's economic growth and financial inclusion."

The branch inauguration ceremony is scheduled to take place on 27th June 2026 in Gorakhpur and will be attended by company leadership, local stakeholders, partners, and members of the media.

About PayMe

Founded in 2016, PayMe is an RBI-registered Non-Banking Financial Company (NBFC) focused on delivering transparent, technology-driven financial solutions. Headquartered in Noida, the company offers secured and unsecured loan products and SaaS-based fintech solutions through Huey Tech. PayMe has empowered over 10 million customers and facilitated loan disbursals exceeding ₹2,100 crore, while continuing to promote responsible borrowing and financial inclusion across India.

About Mahesh Shukla

Mahesh Shukla is the Founder and CEO of PayMe and is responsible for defining the company's long-term vision and strategic direction. With over 12 years of experience in global banking and financial services, he brings deep expertise in retail lending, credit systems, and financial risk management. Under his leadership, PayMe has grown into one of India's emerging fintech platforms, driven by innovation, compliance, and a strong focus on financial inclusion.