PhonePe extends loan offerings to consumers across multiple categories

Business MInutes

PhonePe, expanded its loan distribution offerings on its platform across six major categories - Bike Loan, Car Loan, Home Loan, Gold Loan, Education Loan and Mutual Fund Loan, in partnership with a network of trusted banks, non-banking financial companies (NBFCs) and fintechs.  With its unmatched distribution strength of 535+ Million registered users, PhonePe aims to create a powerful and seamless user experience in the secured loans category. 

Speaking on the launch, Hemant Gala, CEO, PhonePe Lending said, “We are excited to announce the launch of our lending platform across all major categories with top Banks and NBFCs. This provides us with the opportunity to connect lenders and millions of our customers across the country on a single platform to meet their financial needs. Lenders are investing heavily in digitising the secured loan journeys and customers are adapting to the digitisation at a rapid pace. We believe it’s a great time to revolutionise secured lending product experience for the customers working with the lending ecosystem.” 

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