Tata Digital announced that it has disbursed over 1 lakh personal loans through its lending partners on Tata Neu, amounting to more than ₹1,000 crore.
To celebrate this achievement, Tata Neu has launched its festive ‘Loan Utsav,’ where successful loan applicants can receive 1,000 NeuCoins (1 NeuCoin = 1 rupee saving), and become eligible to win a Gold Coin daily. Tata Neu has now also expanded its loan offerings beyond personal loans. The platform now also provides gold loans, with loans against mutual funds and home loans to follow shortly.
“Tata Neu’s lending marketplace has reached a significant milestone, surpassing INR. 1,000 crore in total loans disbursed. This achievement is a testament to our customers’ confidence in our offerings and our unwavering commitment to providing accessible and seamless financial solutions. We remain dedicated to further expanding our financial services offerings and strengthening our partnerships with lenders to offer a comprehensive loan portfolio that aligns with our customers’ evolving needs,” said Gaurav Hazrati, Chief Business Officer, Financial Services, Tata Digital.
Commenting on the collaboration, Vivek Chopra, COO, Retail Finance, Tata Capital said, “With Tata Neu, we are proud to offer lending solutions that empower individuals to achieve their financial goals. By integrating our services with Tata Neu’s robust platform, we’re able to provide a more efficient and user-friendly experience. This partnership marks a significant step towards enhancing credit accessibility and convenience for millions of customers across India.”
Sushma Abburi, Chief Business Officer, MoneyView added, “We are excited about our partnership with Tata Digital, which enables us to deliver personalized loan products through its innovative platform. Together, we provide a seamless experience for customers, making it easier for them to access the financial solutions they need.”
Tata Digital’s lending marketplace on Tata Neu lies in its extensive network of trusted lending partners Tata Capital, Aditya Birla Finance Limited, MoneyView, Kreditbee, Prefr, Ring, Cashe, IndiaGold, Rupeek, and Muthoot FinCorp Ltd., along with being an early adopter of ONDC’s loan offerings.
These partnerships provide customers with a wide range of loan options – both secured and unsecured, featuring competitive interest rates and minimal processing fees. Additionally, Tata Digital offers free credit score reports on Tata Neu to enhance the overall value proposition for its customers.
