FREO partnered with HDB Financial Services

Current Context: The country’s first credit led Neo bank, FREO has entered into a partnership with HDB Financial Services (HDBFS).

• They have partnered to grant a credit line and high-ticket personal loans to customers in India.
• Basically, the credit line is a flagship product of FREO.
• And FREO’s partnership with HDBFS will enable to offer this product to the consumers so that they can have an access to the credit anywhere, anytime via a smartphone.
• Under this, the customers will get a personalised amount approved which they can start using immediately.
• And as they repay the borrowed amount, the credit limit is replenished and they can continue withdrawing as they want.
• The interest will be charged only on the amount the consumer uses, and not on the overall limit.
• Both the entities will also offer high-ticket personal loans of up to Rs 10 lakh for bigger expenses.
• Static Part: 
• HQ of HDBFS: Mumbai
• HQ of FREO: Bangalore

Question: 

Q.1 With which entity the FREO entered into a partnership to grant a credit line and high-ticket personal loans to customers in India?
a. Yes Bank
b. HDB Financial Services
c. Fullerton India Credit Company Limited
d. Muthoot Finance