SMFG India Credit, Google Pay Partner for Instant Collateral-Free Personal Loans
Personal Finance
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CNBC TV18•29-01-2026, 16:10
SMFG India Credit, Google Pay Partner for Instant Collateral-Free Personal Loans
- •SMFG India Credit (SMICC) has partnered with Google Pay to offer collateral-free personal loans to users across India.
- •Eligible Google Pay users can apply for loans directly within the app, with digital disbursement within minutes.
- •This collaboration aims to provide a fast, safe, and hassle-free borrowing experience, meeting the demand for digital financial services.
- •This is SMFG India Credit's second major fintech tie-up, following a September 2025 partnership with PhonePe for personal loans.
- •SMFG India Credit, a subsidiary of Sumitomo Mitsui Financial Group (SMFG), aims to expand reach and support financial empowerment through technology and strategic alliances.
Why It Matters: SMFG India Credit and Google Pay collaborate to offer quick, collateral-free personal loans digitally across India.
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