New Student Offer - Use Code HELLO

Register Now

PhonePe Launches Secured Lending Platform With Banks, NBFC and Fintech Firms

Published on June 01, 2024
Current Context: On Thursday, May 30, 2024, PhonePe, a Walmart-owned fintech firm, launched a secured lending platform in collaboration with banks, non-banking financial companies (NBFCs), and other fintech firms.
PhonePe Launches Secured Lending Platform With Banks, NBFC and Fintech Firms
  • The platform, designed to provide a seamless user experience in the secured loans category, offers its over 535 million registered users access to loans across six major categories: Mutual Fund Loan, Gold Loan, Bike Loan, Car Loan, Home Loan/Loan against Property, and Education Loan.
  • The loan application process is initiated within the familiar environment of the PhonePe app, simplifying the process for users.
  • PhonePe has partnered with top lenders such as Tata Capital, L&T Finance, Hero FinCorp, Muthoot Fincorp, DMI Housing Finance, Home First Finance, rupyy, Volt Money, Gradright, and more.

Question:

1. What is the name of the fintech firm that launched a secured lending platform on May 30, 2024?

  • A) PhonePe
  • B) Google Pay
  • C) Paytm
  • D) Amazon Pay
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu