DMI Finance to provide digital personal loans to GPay users

DMI Finance Private Limited (DMI) on Monday announced the launch of a personal loan product on Google Pay to make reliable credit accessible for pre-qualified users of Google Pay.

This product leverages the double benefits of Google Pay’s user experience and the digital loan disbursal process of DMI and will likewise help carry new-to-credit clients into the ambit. Eligible users are pre-qualified using criteria set by DMI Finance and the product offer is made available to them through Google Pay. These clients will have their applications processed in near real-time with access to the money in their bank accounts.

Sajith Sivanandan, Business Head, Payments and NBU, Google APAC, LatAm, Africa, and EMEA, said working on access to reliable credit is critical to financial recovery as we rise up out of the challenges posed by the pandemic. “Experiences that can make this available to them inside a couple of taps on their mobile phones will offer incredible convenience,” said Sivanandan. “We are exceptionally eager to work together with DMI Finance to make this possible for Google Pay users, as it brings to life the promise of financial inclusion enabled by technology.”

This launch with Google Pay of an integrated, personal loan journey for its clients proceeds with DMI’s attention on building innovative digital financial products in association with leading players in the digital finance ecosystem.