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Fintech PhonePe Expands Loan Distribution Offerings With Secured Lending Products

Fintech PhonePe Expands Loan Distribution Offerings With Secured Lending Products
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PhonePe launches secured lending products in 6 categories

PhonePe launches secured lending products in 6 categories
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As RBI is worried about unsecured lending; PhonePe launches Secured Loans platform

Enables users to access loans across six product categories including Mutual Fund Loan, Gold Loan, Bike Loan, Car Loan, Home Loan/Loan against Property and Education Loan on the PhonePe app.

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PhonePe launches secured lending products in 6 categories

PhonePe launches secured lending products in 6 categories
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PhonePe Unveils Secured Lending Products Across Six Categories

Homegrown fintech firm PhonePe has introduced secured lending products on its platform, covering mutual fund loans, gold loans, and more. Partnering with 15 financial institutions, PhonePe aims to scale to 25 partners next quarter. CEO Hemant Gala highlights the rapid adoption of digitised loan journeys by customers.

Muthoot fincorpFinancial companies nbfcsNon banking financial companiesTata capitalHero fincorpHome first financeVolt moneyPhonepe lending