BUSINESS

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BUSINESS

JFS to launch more loan products soon

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JFS expands loan services

Jio Financial Services plans to launch a range of loan products, like auto and home loans, to establish itself as a one-stop financial services provider in India's booming market.

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Capitalizing opportunity

Despite strong growth, the penetration of financial investment products in India remains low compared to the size of the economy. Ambani is looking to capitalize on this market.

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Existing & upcoming services

JFS already offers personal loan services and consumer durable loans. It now plans to expand its offerings with business and merchant loans for self-employed individuals as well.

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Insurance, debit cards

Additionally, its insurance broking arm has partnered with 24 insurance companies, and its payments bank division plans to introduce debit cards.

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AMC services

JFS has also partnered with US asset manager BlackRock to launch asset management services in India