Users will get double benefit:
Users can avail double benefits on this product. In fact, through this, users can get the double benefit of Google Pay’s customer experience and DMI’s digital loan disbursal process. This will help a lot for new users taking loans.
You can easily take loan up to one lakh
Under this service, users can easily take a loan of up to Rs 1 lakh for a maximum period of 36 months. This feature available on Google Pay is being launched with more than 15,000 pin codes.
How will DMI Finance work?
First of all, DMI Finance will select the pre-qualified eligible users. After this, Google will offer the product to those users through Pay. Applications of these users will be processed in real time. After doing this, the loan money will be transferred to the customer / users in their bank account immediately.
Not every Google Pay user will get the benefit of this facility
However, here we must tell you that not every user using Google Pay will be able to get the benefit of this facility. This facility can be availed by only those users who have a better credit score.
What does the company have to say about this facility?
Shivashish Chatterjee, Co-Founder and Joint MD, DMI Finance, says, “Our team has worked together to bring transparent and credits to millions of Google Pay users. In the years to come, we will do our best to foster new partnerships and deliver on the promise of financial opportunities/inclusion for millions. Which will benefit the users.
The company also says that the loan will be made easily available to the users through just one click on the mobile phone. The company says that it has got the support of DMI Finance to make this loan facility possible for Google Pay users, which everyone is very excited about, as it can make the dream of financial inclusion through technology come true.