Paisalo Digital has signed its co-origination loan agreement with Bank of Baroda, the second largest public sector Bank in India. This is Company’s third Co-origination Agreement with any Bank, before Bank of Baroda, Paisalo Digital has already co-origination loan tie-up with State Bank of India and Bank of Maharashtra.
Under this tie-up both the entities would jointly reach out to prospective customers and conduct due diligence for extending small ticket Size ranging Rs 10,000 to Rs 40,000, loans in India with special focus on Uttar Pradesh.
Paisalo Digital is a leading systemically important Non-Deposit taking NBFC registered with the Reserve Bank of India (RBI), in operation since 1992. The company’s main thrust is on small finance to ensure rural development, self-employment and women-empowerment.