The partnership aligns with PayPal’s mission to provide innovative credit solutions. It will enable borrowers to access term loans from Rs 50,000 upto Rs 10,000,000 that requires minimum documentation to merchants. The loans are currently available to 10,000 PayPal merchants. The interest rates will start at 1% per month and tenures up to 36 months, depending on the credit rating of borrowers. MUMBAI: PayPal entered into a partnership with FlexiLoans to provide freelancers, women entrepreneurs, sole proprietors, and MSME’s with collateral-free business loans. PayPal with FlexiLoans will aim to offer MSME’s with working capital for business expansion, purchasing stock, inventory, and other business-related expenditures.