According to L&T Finance, it has teamed up with Google Pay to provide its qualified users with personal loan products.
According to a statement from L&T Finance, this partnership supports the NBFC's product diversification strategy and increases consumer access to credit in a quick, easy, and digital way.
Key Highlights
- L&T Finance partners with Google Pay to launch instant personal loans, enabling seamless digital lending via app.
- Loans through Google Pay are pre-approved, offering quick approval and hassle-free fund disbursement to users.
According to the statement, the partnership has the potential to not only improve convenience but also significantly contribute to the expansion of digital financial inclusion in India, enabling customers to realize their financial goals through responsible credit.
To improve MSMEs' access to credit, IndusInd Bank and NSIC sign a Memorandum of Understanding.
The National Small Industries Corporation (NSIC), a Government of India company under the Ministry of MSMEs, and IndusInd Bank have inked a Memorandum of Understanding (MoU).
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According to a statement released by IndusInd Bank on Thursday, the bank will use this strategic partnership to expedite the issuance of credit and provide all-encompassing financial assistance to more than 6.7 crore Micro, Small, and Medium-Sized Enterprises (MSMEs) that are registered with Udyam nationwide.
Working capital, term loans, and structured credit facilities are among the customized banking solutions that the bank will offer to MSMEs affiliated with NSIC under the terms of the Memorandum of Understanding.
