Tag Loans

National, October 25, 2024: Tata Digital today announced a significant milestone of disbursing over 1 lakh personal loans through its lending partners on Tata Neu, amounting to more than. This achievement underscores the platform’s growing popularity and commitment to providing accessible financial solutions to customers across India.

To celebrate this achievement, Tata Neu has launched its festive ‘Loan Utsav,’ where successful loan applicants can receive 1,000 NeuCoins (1 NeuCoin = 1 rupee saving), and become eligible to win a Gold Coin daily. Tata Neu has now also expanded its loan offerings beyond personal loans. The platform now also provides gold loans, with loans against mutual funds and home loans to follow shortly.

Tata Neu’s loan offerings allow customers to meet their diverse financial needs with the convenience of a fully digital, paperless application process that can be completed in less than 10 minutes. Upon approval by the lenders, the loan amount is instantly transferred to the customer’s bank account, making it an ideal solution for urgent financial requirements.

“Tata Neu’s lending marketplace has reached a significant milestone, surpassing in total loans disbursed. This achievement is a testament to our customers’ confidence in our offerings and our unwavering commitment to providing accessible and seamless financial solutions,” said Gaurav Hazrati, Chief Business Officer, Financial Services, Tata Digital. “We remain dedicated to further expanding our financial services offerings and strengthening our partnerships with lenders to offer a comprehensive loan portfolio that aligns with our customers’ evolving needs.”

Commenting on the collaboration, Vivek Chopra, COO, Retail Finance, Tata Capital said, “With Tata Neu, we are proud to offer lending solutions that empower individuals to achieve their financial goals. By integrating our services with Tata Neu’s robust platform, we’re able to provide a more efficient and user-friendly experience. This partnership marks a significant step towards enhancing credit accessibility and convenience for millions of customers across India.”

Sushma Abburi, Chief Business Officer, MoneyView added, “We are excited about our partnership with Tata Digital, which enables us to deliver personalized loan products through its innovative platform. Together, we provide a seamless experience for customers, making it easier for them to access the financial solutions they need.”

The strength of Tata Digital’s lending marketplace on Tata Neu lies in its extensive network of trusted lending partners Tata Capital, Aditya Birla Finance Limited, MoneyView, Kreditbee, Prefr, Ring, Cashe, IndiaGold, Rupeek, and Muthoot FinCorp Ltd., along with being an early adopter of ONDC’s loan offerings. These partnerships provide customers with a wide range of loan options – both secured and unsecured, featuring competitive interest rates and minimal processing fees. Additionally, Tata Digital offers free credit score reports on Tata Neu to enhance the overall value proposition for its customers.

National, 12th March 2024: In a groundbreaking initiative aimed at supporting the financial well-being of India’s blue-collar workforce, WorkIndia, India’s leading blue-collar recruitment platform, has entered a strategic collaboration with Branch International (India) a leading NBFC with presence across all 28 Indian states that aims for financial inclusion for the underbanked.

Recognising the unique financial needs of their extensive blue-collar user base, WorkIndia has identified the demand for hassle-free loans among workers who often lack a robust credit history, making it challenging for them to access traditional banking services.

In response, they have established a dedicated “Loans” segment within the WorkIndia mobile app, featuring lending platforms, including Branch International, where users can seamlessly avail lending services.

The partnership launched in January 2024, has already seen over 50,000 loan applications coming through WorkIndia. With its completely digital user journey on their Android app, Branch International ensures seamless access to credit. This collaboration amplifies the commitment of both companies to serving the evolving needs of the blue-collar workforce.

Expressing commitment to financial inclusion, Mr Nilesh Dungarwal, Co-Founder and CEO of WorkIndia, said, “WorkIndia serves as a lifeline for millions of blue-collar workers, connecting them with employment opportunities. Many of these hardworking individuals require financial assistance, and our collaboration with leading lending players like Branch International ensures that these workers can access the support they need.”

Echoing his sentiment, Mr Neeraj Gupta, MD of Branch International, said, “Branch International aims to deepen the availability of financial services to every customer segment in India. Our partnership with WorkIndia will help improve access to credit for a segment that is well deserving but under-served.”

Significantly, the “Loans” segment on the WorkIndia app provides users with the flexibility to choose from various lending platforms, addressing their specific financial requirements. Therefore, this partnership not only bridges the gap for blue-collar workers seeking financial aid but also presents an unprecedented opportunity for lending fintech companies to tap into a substantial user base actively engaged on a leading employment platform.

As the partnership unfolds, WorkIndia and Branch International remain dedicated to facilitating meaningful livelihoods and financial empowerment for the backbone of India’s workforce.

National, 11th March 2024: In a groundbreaking initiative aimed at supporting the financial well-being of India’s blue-collar workforce, WorkIndia, India’s leading blue-collar recruitment platform, has entered a strategic collaboration with Branch International (India) a leading NBFC with presence across all 28 Indian states that aims for financial inclusion for the underbanked.

Recognising the unique financial needs of their extensive blue-collar user base, WorkIndia has identified the demand for hassle-free loans among workers who often lack a robust credit history, making it challenging for them to access traditional banking services.

In response, they have established a dedicated “Loans” segment within the WorkIndia mobile app, featuring lending platforms, including Branch International, where users can seamlessly avail lending services.

The partnership launched in January 2024, has already seen over 50,000 loan applications coming through WorkIndia. With its completely digital user journey on their Android app, Branch International ensures seamless access to credit. This collaboration amplifies the commitment of both companies to serving the evolving needs of the blue-collar workforce.

Expressing commitment to financial inclusion, Mr Nilesh Dungarwal, Co-Founder and CEO of WorkIndia, said, “WorkIndia serves as a lifeline for millions of blue-collar workers, connecting them with employment opportunities. Many of these hardworking individuals require financial assistance, and our collaboration with leading lending players like Branch International ensures that these workers can access the support they need.”

Echoing his sentiment, Mr Neeraj Gupta, MD of Branch International, said, “Branch International aims to deepen the availability of financial services to every customer segment in India. Our partnership with WorkIndia will help improve access to credit for a segment that is well deserving but under-served.”

Significantly, the “Loans” segment on the WorkIndia app provides users with the flexibility to choose from various lending platforms, addressing their specific financial requirements. Therefore, this partnership not only bridges the gap for blue-collar workers seeking financial aid but also presents an unprecedented opportunity for lending fintech companies to tap into a substantial user base actively engaged on a leading employment platform.

As the partnership unfolds, WorkIndia and Branch International remain dedicated to facilitating meaningful livelihoods and financial empowerment for the backbone of India’s workforce.