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L&T Finance Partners with Google Pay to Offer Personal Loans, Enhancing Digital Credit Access.

Banking & Finance | Dated: 24 Aug 2025

In August 2025, L&T Finance, a leading non-banking financial company (NBFC) in India, entered into a strategic alliance with Google Pay to offer personal loan products to eligible users via the digital payments platform, with the objective of boosting financial inclusion, convenience, and credit access.

🎯 Key Highlights:

  • - The collaboration between L&T Finance and Google Pay aligns with the NBFC’s product diversification strategy, aiming to make personal credit seamless, swift, and accessible through digital touchpoints. This partnership leverages Google Pay’s extensive user base and app interface to deliver loans efficiently.

💡 Other Important Facts:

  • (i) By integrating loan services with Google Pay, the initiative is set to advance digital financial inclusion in India. Eligible users can apply for personal loans without visiting physical branches, thus empowering consumers to meet financial needs responsibly using a familiar app interface.
  • (ii) Through this partnership, borrowers benefit from a fast, digital-first experience: pre-approved offers can be accessed directly in the app, personal information is pre-filled, and paperwork is minimal, enhancing convenience and reducing friction in loan origination.
  • (iii) The collaboration signals a broader shift where NBFCs increasingly use fintech platforms to broaden reach and reduce acquisition costs. With L&T Finance joining hands with Google Pay, the model underscores emerging synergies in scaling digital credit in underserved segments.

📚 Test Your Knowledge:

Which company has recently partnered with Google Pay to offer personal loans in India?

Correct Answer: L&T Finance

🚀 Quick Recap:

About L&T Finance

  • CEO: Sudipta Roy
  • Headquarter : Mumbai