Fibe, India’s leading fintech has joined hands with Mirae Asset Financial Services (MAFS), the NBFC subsidiary under the Mirae Asset Financial Group, to expand credit access to last mile consumers. This strategic partnership is set to empower salaried individuals, especially the middle-income group, with seamless and quick access to personal loans through a fully digital process.
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Fibe’s partnership with MAFS will further strengthen its presence across India, expanding credit access to a wider customer base at competitive interest rates. As part of the partnership, salaried individuals will be able to avail loans upto ₹5,00,000 for a tenure of upto 36 months.
Fibe’s Cofounder & CEO, Akshay Mehrotra said, “The partnership with MAFS will unlock greater potential in co-lending, thus expanding our reach to more customers, further reinforcing our commitment to drive financial inclusion across the country. This also aligns well with the evolving borrowing habits of salaried individuals, especially the youth, with the majority of them shifting towards app-based financial solutions. Together, we will leverage each other’s robust network and tech expertise to deepen our impact across India.”
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With a shared commitment to speed, convenience, and flexibility, this partnership ensures that borrowers receive the best possible borrowing experience and help them fulfil their financial requirements.
Krishna Kanhaiya, Chief Executive Officer (CEO) of Mirae Asset Financial Services said, “We are happy to partner with a dominant player in the personal loan segment. This partnership enables us to connect with a vast base of retail borrowers and offer them seamless, hassle-free financial solutions. It marks a significant step in our journey to build a robust loan book and underscores our commitment to becoming one of the most trusted brands in the lending space.”
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Mirae Asset Financial Services (MAFS) recently forayed into the personal loan segment and aims to build a strong personal loan portfolio while providing borrowers with a seamless and hassle-free lending experience.
Fibe has positively transformed the lives of over 30 million customers, significantly expanding its presence over 500 cities. Its mission to provide reliable credit solutions to Bharat has empowered countless individuals
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Source – PR Newswire
