SMFG India Credit, Google Pay Join Hands to Enable Instant Digital Personal Loans

SMFG India Credit has partnered with Google Pay to offer collateral-free personal loans to users across the country. The strategic collaboration will allow eligible Google Pay users to apply for and receive personal loans directly within the app.

The loan application and disbursement process is fully digital, enabling quick disbursals within minutes. The seamless process ensures a safe, flexible and hassle-free borrowing experience for customers, reflecting the growing demand for digital-first financial solutions.

This partnership reinforces SMFG India Credit’s focus on financial inclusion by expanding access to formal credit for underserved and emerging segments. It also enhances the company’s presence in the digital lending ecosystem through technology-led innovation.

Commenting on the development, Ajay Pareek, Chief Business Officer, SMFG India Credit said, “As part of its long-term strategy, SMFG India Credit continues to strengthen its leadership in the digital lending ecosystem by leveraging technology and forming strategic alliances with fintech platforms. These efforts reflect the company’s focus on expanding reach, promoting financial empowerment, and supporting the nation’s vision of a digitally inclusive economy.”

SMFG India Credit operates as a wholly owned subsidiary of Sumitomo Mitsui Financial Group and has been present in India since 2007.