PhonePe enters secured loan category, launches 6 new products

Fintech company PhonePe has launched products in 6 new categories on its platform. The company said in its statement that now PhonePe users can easily avail Mutual Fund Loan, Gold Loan, Bike Loan, Car Loan, Home Loan through PhonePe. Loan) and Education Loan.

Partnership with these companies

According to the statement given by the company, PhonePe has partnered with banks, non-banking financial companies (NBFC) and Tata Capital, L&T Finance, Hero FinCorp, Muthoot Fincorp, DMI Housing. Finance (DMI Housing Financ), Home First Finance, RuPay, Volt Money and Gradright.

Currently PhonePe has 15 partners. PhonePe aims to have 25 partners in the next quarter.

PhonePe Lending CEO Hemant Gala said

Lenders are investing heavily in digitalizing secured loan journeys. Apart from this, customers are also adopting digitalization at a rapid pace. We believe this is a great time to revolutionize the secured loan product experience for customers working with the lending ecosystem.