Paisabazaar has strengthened its instant personal loan programme by expanding its network to 18 lending partners, including six banks. The programme enables eligible borrowers to access personal loans through a digital process, with disbursal possible within two hours.
The expanded network brings together banks, non-banking financial companies (NBFCs) and fintech lenders, giving borrowers access to a wider range of loan offers based on their eligibility and requirements. The platform aims to simplify access to personal credit through digital onboarding, faster processing and a streamlined borrowing journey.
Some of the key lending partners include HDFC Bank, Axis Bank, YES BANK, IDFC FIRST Bank, L&T Finance, Poonawalla Fincorp, Federal Bank, IndusInd Bank, Tata Capital and Hero FinCorp.
Santosh Agarwal, CEO, Paisabazaar, said, “Today’s borrowers expect access to credit to be as seamless and quick as other digital services. By continuously strengthening our personal loan offerings, we are bringing greater choice and faster access to credit to consumers from varied segments. Our technology-led platform combines the reach of multiple lenders with personalised recommendations and a convenient digital journey, helping borrowers find loan offers suited to their profiles and needs. We will continue to invest in technology and partnerships to make access to responsible credit simpler and more efficient.”
Eligible customers can access personal loan offers of up to Rs 7 lakh through a four-step digital process. Applicants submit their personal and income details, review the loan offers available to them, complete video KYC and proceed towards disbursal. Depending on lender approval and completion of the required formalities, borrowers may receive the loan amount within one to two hours.
Beyond its instant personal loan programme, Paisabazaar has a network of more than 70 lending partners across its consumer credit portfolio, which includes personal loans, business loans, home loans and credit cards. Its SmartMatch technology recommends and ranks relevant offers based on individual eligibility, while personalised guidance supports customers through their application journeys.
The expanded offering comes amid continued growth in Paisabazaar’s lending business. In Q2 FY2027, the company recorded a 22 per cent year-on-year increase in core disbursals, supported by 30 per cent growth in unsecured loan disbursals.
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