EarlySalary has tied up with HDB Financial Services Ltd (HDBFS), a leading Non-Banking Financial Company (NBFC) to fuel growth in Digital Lending. HDBFS–EarlySalary partnership aims to build momentum in the impact categories of Skill upgradation, Education Loans and Health-care finance. The association will also facilitate building a large consumer lending book with EarlySalary; which is reaching out to millions of under-served customers across the length and breadth of the country.
Speaking on this occasion, Mr. G Ramesh Managing Director & CEO of HDB Financial Services said, “HDB has a strong technology architecture and the best in class underwriting process. The HDB-Early-Salary partnership will help us reach millions of customers across India by providing them with easy finance with digital on-boarding and customer support, thus providing them with a seamless borrowing experience. This partnership also illustrates our ambition to speed-up the collaboration with FinTechs to create the services of tomorrow.”
Adding to this Akshay Mehrotra, Co-founder and CEO, EarlySalary said, “We have disbursed 2 Million loans since inception and will further disburse 1 Million loans this financial year. The Co-lending partnership with HDBFS will help us grow faster and help in an aim of disbursing nearly Rs. 5000 Cr in the next 18 months. Our affordability focus with Buy Now Pay Later on EdTech, Health and Consumer platforms aims to give access to products and services to masses with help of credit from EarlySalary. We are looking at disbursements worth 1000 Cr from the HDB-EarlySalary collaboration.”