DMI Finance Private Limited (“DMI”) today announced its partnership with Reliance Retail Limited (“RRL”) to provide a first-of-its-kind suite of digital finance options for RRL consumer electronics customers across India.
Through a completely paperless digital journey, DMI will offer financing solutions to RRL consumer electronic customers at merchant locations across India. This partnership will kick-off with loans for the newly-launched JioPhone Next by Reliance.
This transformational partnership brings to all RRL customers an end-to-end paperless journey that that will provide instant, flexible, and affordable EMI options. The loan tenor for the JioPhone Next will be for 18 and 24 months with Jio providing a free and attractive plan for the duration.
The spokesperson at DMI said: “In todays world, a smartphone is not just a consumer product, but a tool for financial inclusion at large. We, at DMI, are proud to partner with Reliance Retail to provide financing for a range of consumer electronics starting with the JioPhone Next, that will enable access to a digital life for hundreds of millions of Indians and bring them a step closer to realizing their dream of a more prosperous future.”
About the DMI Group:
Founded in 2008 and supported by a deeply experienced team across 40 offices in India, DMI is a Pan-India credit platform with core businesses in digital consumer and MSME finance, housing finance, wholesale finance, and asset management. It is a technology-first lender with class-leading digital finance initiatives. It is supported by global institutional investors, strategic family offices, leading banks, and public market creditors in India. For more details, please visit www.dmifinance.in.