FREO tie-up with HDBFS to Offer Lending Solution

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.

Establishment 2007

Headquarters Mumbai, Maharashtra

MD &CEO – G. Ramesh

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