Google Pay Introduces User-Friendly Loan Service in India

Google Pay (G Pay) has launched a convenient loan service in India, catering to both consumers and merchants. This initiative, named “Sache Loans,” is a collaboration between Google Pay, banks, and non-banking financial institutions. Through the Google Pay app, users can access loans ranging from Rs 10,000 to Rs 1 lakh, with repayment periods spanning from 7 days to 12 months.

Moreover, small businesses in India can benefit from this program, obtaining loans of up to Rs 15,000. These loans can be repaid through equated monthly installments (EMIs), providing a flexible and accessible financial solution. G Pay has joined forces with DMI Finance for the “Sache Loan” program, focusing on providing seamless and user-friendly lending services. Additionally, personal loans will be made available in partnership with Axis Bank, expanding the range of financial offerings provided by Google Pay to its users in India.