EarlySalary Partners with HDB Financial Services for Digital Lending

MUMBAI: EarlySalary, a consumer lending platform for working professionals, announced on Wednesday that it has partnered with non-bank financier HDB Financial Services Ltd to fuel digital lending growth.

The partnership aims to build momentum in the impact categories of skills upgrading, education loans and healthcare financing, he said, adding that the association will also facilitate the building a large portfolio of consumer loans with EarlySalary. HDB Financial Services is a subsidiary of India’s largest private lender, HDFC Bank.

G Ramesh, Managing Director and Managing Director of HDB Financial Services, said the partnership will help reach millions of customers across India by providing them with easy financing with digital integration and customer support, providing them with an experience transparent borrowing.

“This partnership also illustrates our ambition to accelerate collaboration with FinTechs to create the services of tomorrow,” said Ramesh.

Akshay Mehrotra, co-founder and CEO of EarlySalary, said he has disbursed 2 million loans since its inception and will disburse another 1 million loans this fiscal year.

“The co-loan partnership with HDB Financial Services will help us grow faster and help us disburse nearly 5,000 crore rupees over the next 18 months. Our accessibility goal with buy now pay later on EdTech, healthcare and consumer platforms aims to provide access to products and services to the masses with the help of EarlySalary Credit. We are considering disbursements worth ??1,000 crore of the HDB-EarlySalary collaboration, ”said Mehrotra.

EarlySalary said it is committed to delivering a seamless customer experience by leveraging new era technologies in data processing, artificial intelligence and machine learning, and analytics. for real-time analysis.

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