Vodafone Idea partners Aditya Birla Capital, Upwswing, Credilio to launch personal financial solutions
Vodafone Idea
(Vi) on Tuesday launched the '
Vi Finance
' platform, in partnership with
Aditya Birla Capital
,
Upswing Financial Technologies
, and
Credilio
, to offer extensive
personal financial solutions
to its customers.
The platform, launched on the Vi App, will provide comprehensive personal loans, fixed deposits, and
credit cards
.
'By making financial solutions easy, quick, and accessible within the Vi App with Vi Finance, we are enabling customers to take control of their finances without the usual complexities. Our partnerships with trusted financial institutions ensure that every customer can find the right product for their needs,' said
Avneesh Khosla
, chief marketing officer (CMO), Vi.
Vi Finance, in partnership with Aditya Birla Capital, will enable customers to apply for loans starting from ₹50,000 at interest rates starting at 10.99% per annum. The telco said the digital and paperless process with minimal documentation and convenient know-your-customer (KYC) makes this offering suitable for urgent needs.
Vi Finance, together with Upswing, will offer a marketplace with high-interest fixed deposit options from multiple leading banks and financial institutions.
'Customers can start investing with as little as ₹1,000 and earn assured interest of up to 8.4%, making it ideal for both short-term and long-term wealth building,' the telco said, adding that FDs are covered under the
Deposit Insurance and Credit Guarantee Corporation
, which is a wholly owned subsidiary of RBI, up to ₹5 lakh per bank.
In partnership with Credilio, Vi Finance enables customers to explore and apply for a range of credit cards from leading banks and financial institutions such as SBI, Axis Bank, HDFC, and others. The platform also provides FD-backed credit cards, which allow first-time customers or those with low credit history to build their credit profile
'With benefits like cashback, discounts, reward points, and EMI options, customers can unlock the power of credit, without the paperwork or complexity traditionally associated with the process,' the telco said.
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