FREO, India’s 1st credit-led Nonbank, made a Partnership with HDB Financial Services (HDBFS), a Non-Banking Financial Company (NBFC), to provide 2 credit products such as a ‘credit line’ and a ‘high-ticket personal loan’ for
Its customers across multiple cities in India.
• High ticket personal loans: Under the Partnership, a high-ticket personal loan of up To Rs 10 lakh would be offered for the Customer which could be used for their bigger Expenses such as home renovation, buying a Vehicle, trip, etc.
Credit Line: The credit line, which is the
Flagship program of FREO, Will enable
Consumers to get access to credit anywhere, Anytime via a smartphone. The personalized Amount approved under the credit line could Be used by the customers at once.
About HDB Financial Services (HDBFS):
It is a subsidiary of HDFC Bank.
Headquarters Mumbai, Maharashtra
MD &CEO – G. Ramesh