Bangalore, 30th May, 2024: Volt Money, the leading platform for instant secured loans against mutual funds, is thrilled to announce its strategic partnership with PhonePe, India's leading premier fintech company.
Volt Money has been at the forefront of disrupting instant secured loans against mutual funds providing investors the convenience to unlock cash from Rs 25,000 - Rs 5 Crore in as little as 15 minutes, with favorable terms including low-interest rates, interest-only EMIs, and no prepayment charges.
By partnering with PhonePe, Volt Money aims to extend these benefits to a wider audience, enabling users to meet short-term cash requirements without compromising their long-term wealth goals.
This transformative partnership marks a significant milestone in the lending ecosystem offering unprecedented access to affordable loans against mutual funds, to PhonePe's extensive user base of over 535 million. With Volt Money's loan against mutual funds seamlessly integrated into the PhonePe platform, users can now access affordable loans against their mutual funds with just a few taps on their smartphones. This breakthrough partnership not only simplifies the borrowing process but also ensures greater financial inclusion by reaching users in Tier 2/3 cities and beyond.
How to get a loan against Mutual funds on PhonePe?
- Open your PhonePe App
- Click on ‘Loan’ at the bottom
- Click on ‘Mutual fund loan’.
In just 15 seconds a customer can know their loan limit & they get the loan amount the same day only in their bank account by completing the 15-minute process.
Bharat Lamba, Co-Founder & CBO at Volt Money, expressed his enthusiasm for the partnership, stating, "We are thrilled to partner with PhonePe to provide affordable loans against mutual funds to millions across India. Over the past year, our distribution capacity has grown rapidly & we are now live with 10+ fintech partners. Our B2B vertical helps our partners to offer loans against mutual funds to their clients, digitizing the entire process and offering an instant, superior borrowing experience without needing to build a tech stack from scratch.”
This strategic partnership between Volt Money and PhonePe represents a significant step forward in making financial services more accessible and inclusive. As both organizations continue to innovate and collaborate, they are poised to transform the borrowing landscape in India, ushering in a new era of affordability, convenience, and empowerment.
