News > ONDC enters credit market; aims to expand financial services product basket

ONDC enters credit market; aims to expand financial services product basket

ONDC launched unsecured digital loans on its platform, through which it claims to pass loans within six minutes. The buyer applications include Easypay, Paisabazaar, Tata Digital, Invoicepe, Cliniq360, Zyapaar, Indipe, Tyreplex and Paynearby. The lenders include Aditya Birla Finance, DMI Finance and Karnataka Bank. To deliver the loan digitally within minutes, the entire sanction credit process has been integrated using four digital public goods.