Vi (Vodafone Idea) has introduced Vi Finance, a new platform within the Vi App that offers customers easy access to personal loans, fixed deposits, and credit cards.
The Vi App already supports multiple services like utility payments, entertainment, gaming, and shopping discounts. With Vi Finance, the company aims to expand its role as a one-stop app for everyday lifestyle and financial needs by partnering with trusted financial institutions.
Vi Finance Features
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Personal Loans: In collaboration with Aditya Birla Capital, Vi Finance provides simple, fast, and collateral-free personal loans starting at Rs. 50,000 with interest rates from 10.99% per annum. The fully digital, paperless process requires minimal documents and quick KYC, suited for urgent borrowing needs.
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Fixed Deposits: Partnering with fintech startup Upswing Financial Technologies, the platform offers a marketplace of high-interest fixed deposit options from leading banks. Customers can invest from Rs. 1,000 and earn assured interest up to 8.4%. Deposits are insured by the Deposit Insurance and Credit Guarantee Corporation (up to Rs 5 lakh per bank).
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Credit Cards: Through Credilio, users can explore and apply for credit cards from top banks like SBI, Axis Bank, and HDFC. The platform also features FD-backed credit cards, helping those with limited credit history build their credit profile. Benefits include cashback, discounts, rewards, and easy EMI options without complex paperwork.
Availability
Vi Finance is now accessible on the Vi App. Customers can download the app from the Google Play Store or Apple App Store to start using these personal finance services.
Speaking about the launch, Avneesh Khosla, CMO, Vi said:
At Vi, we are dedicated to bringing convenience to our customers’ lives through digital solutions. By making financial services easy, fast, and accessible within the Vi App with Vi Finance, we are empowering customers to take control of their finances without the usual complexities. Our partnerships with trusted financial institutions ensure that every customer can find the right product for their needs. We believe this digital-first, paperless approach will simplify how millions of Indians manage their finances.