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Ola joins hands with Indifi for personal loans

  • Mobile-based personal
    transportation app Ola has partnered with Indifi, a tech startup that enables
    small enterprises to get financing, to provide easy access to personal loans
    for its registered drivers, the
    Economic
    Times
    reported.
  •  
  • Ola has already
    • Mobile-based personal
      transportation app Ola has partnered with Indifi, a tech startup that enables
      small enterprises to get financing, to provide easy access to personal loans
      for its registered drivers, the
      Economic
      Times
      reported.
    •  
    • Ola has already
      initiated the loan scheme in Pune and Bangalore
      and plans to partner with multiple finance firms in the next 6 months to make
      this facility available to drivers across the country.
    •  
    • Drivers who have been
      with Ola for more than 6 months or those who have paid a minimum of eight EMIs
      of their car loan will be eligible to apply for personal loans through this
      partnership. However, before disbursal, the driver will be scanned under CIBIL
      criteria.
    •  
    • “Access to
      financing for personal needs is essential to help our drivers achieve their
      goals and with an improved repayment capability, this partnership makes it
      completely hassle free for drivers,” Pranay Jivrajka, Chief Operating
      Officer at Ola, said.
    •  
    • Earlier in 2014, Ola
      had set aside a fund of Rs 100 crore towards investment in the driver ecosystem
      to help nurture them as entrepreneurs.

     

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