L&T Finance and fintech startup PhonePe have established a strategic alliance to offer a wider array of financial services, such as secured home loans and financing for two-wheelers.
The ‘Complete Home Loan,’ offered by L&T Finance, includes a ‘Dedicated Relationship Manager,’ a streamlined ‘Digitalized Process,’ and ‘Home Décor Finance’ for interior décor.
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LTF will provide an extensive range of options for borrowers to maximise their financial strategies. Furthermore, LTF provides affordable housing finance with interest rates as low as 8.65% and convenient two-wheeler financing with repayment terms of up to 30 years.
Sanjay Garyali, Chief Executive, LTF, said: “Our partnership with PhonePe represents a significant milestone in our commitment to delivering innovative financial services to customers nationwide. This strategic collaboration aims to revolutionise the lending landscape by harnessing PhonePe’s expansive reach and digital platform alongside L&T Finance’s expertise in providing trustworthy financial solutions, thereby driving financial inclusion on a large scale,”
About L&T Finance
Founded in 1994 by Sudipta Roy, L&T Finance is one of the leading NBFCs offering a range of loans across Rural | Housing | Two-Wheeler | Personal & Business (SME) The company is promoted by Larsen and Toubro Ltd. (L&T), one of the largest conglomerates in India.
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