Press Release Overview
Paisabazaar, the consumer‑credit marketplace of PB Fintech Ltd., announced the strengthening of its instant personal‑loan programme by adding eighteen lending partners, among them six leading banks. The expanded roster includes HDFC Bank, Axis Bank, YES BANK, IDFC FIRST Bank, L&T Finance, Poonawala Fincorp, Federal Bank, IndusInd Bank, Tata Capital and Hero FinCorp, together offering eligible borrowers personal loans of up to Rs 7 lakh.
Disbursal Speed and Digital Journey
The platform now promises loan disbursal within one to two hours. Borrowers follow a four‑step digital workflow: (1) submission of personal and income details, (2) viewing of loan offers for which they qualify, (3) completion of video‑based KYC, and (4) finalisation of formalities leading to fund transfer. Disbursal timing depends on individual lender approval and completion of required documentation.
Broader Lending Network
Beyond the newly added partners, Paisabazaar maintains a network of over seventy lending institutions covering personal loans, business loans, home loans and credit cards. Its proprietary SmartMatch technology ranks and recommends offers based on each borrower’s eligibility, while personalised guidance assists customers throughout the application process.
Recent Business Performance
In the second quarter of FY 2027, Paisabazaar reported a 22 % year‑on‑year increase in core disbursals, propelled by a 30 % rise in unsecured‑loan disbursals. The company attributes this growth to the expanded lender base and faster digital processing.
Management Commentary
Santosh Agarwal, Chief Executive Officer of Paisabazaar, stated that today’s borrowers expect credit access to be as seamless as other digital services. He emphasized the firm’s commitment to continual investment in technology and partnerships to deliver responsible credit more simply and efficiently to consumers across varied segments.
Corporate Credentials
Paisabazaar, operating under PB Fintech (listed on Indian exchanges since 2021), has served over 58 million consumers across 850 cities and towns in India over the past twelve years. The platform is ISO 27001:2013 and PCI DSS certified, underscoring its focus on data security and consumer protection.