ZestMoney doubles down on skill development, aims to disburse loans worth $100M in 2019
31 Jan 2019 12:08 PM GMT
Targeting young professionals, skill loans are expected to form 25 percent of ZestMoney's overall disbursals in 2019.Bengaluru-based digital lender ZestMoney, on Thursday, said that it will be aggress...
- Targeting young professionals, skill loans are expected to form 25 percent of ZestMoney's overall disbursals in 2019.Bengaluru-based digital lender ZestMoney, on Thursday, said that it will be aggressively doubling down on the skill development space, with plans to grant over $100 million in skill loans to executives in 2019.To this end, the company has partnered with Byju’s, Upgrad, Manipal, Great Learning (Great Lakes Institute of Management), NMIMS, Udacity, Springboard, among others, to disburse loans.
- Targeting loans towards young professionals, skill loans are expected to form 25 percent of ZestMoney's overall disbursals in 2019.Skill development and education are coming up as relevant categories in the consumer lending space.
- Within a year, skill development has become one of the top categories for the lender, which is giving out loans to a demographic of up till 35 years of age.
- Once registered, the user can pay in EMI across all ZestMoney partners, including Amazon, Flipkart, Myntra, MakeMyTrip and Xiaomi, among others.
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